Robinhood Approves 1.5 Billion Dollar Share Buyback

Trading platform Robinhood announced a new 1.5 billion dollar share repurchase program on Tuesday. The board approved the plan to return capital to investors.

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The financial services firm Robinhood Markets, Inc. announced on Tuesday that its board of directors has approved a new share repurchase program. The plan authorizes the company to buy back up to $1.5 billion of its outstanding common stock.

The logo of Robinhood Markets, Inc. is displayed at a promotional event on Wall Street following the firm's initial public offering in New York City. REUTERS/Andrew Kelly/File Photo
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