Google parent Alphabet (GOOGL.O) has offloaded nearly 90% of its ownership stake in the trading app Robinhood Markets (HOOD.O). The move came shortly after the stock trading platform reported its first profitable quarter since becoming a public company. Still, it may also be a sign that the Silicon Valley giant is reassessing its position in the fintech and retail brokerage space as the industry continues to evolve. The repositioning of Alphabet’s stake in Robinhood underscores the volatility in the modern fintech marketplace, even among established players. Investing in newer, smaller firms remains an attractive strategy for Alphabet and its peers, … Continue reading Google’s Parent Company Sells Off Most of Its Robinhood Shares