Robinhood Markets (NASDAQ:HOOD) stock is slipping 3.5% in Tuesday premarket trading after JMP analyst Devin Ryan pointed out that complications that FTX would have in acquiring the stock and crypto trading app. On Monday, Bloomberg reported that FTX, the crypto exchange owned by Sam Bankman-Fried, is having internal discussions about whether it should pursue and acquisition of Robinhood (HOOD). "Conversations appear to be extremely preliminary, and while they could progress, we currently view a sale as a relatively low probability and we believe a fire-sale price is off the table," Ryan wrote in a note to clients. HOOD's ownership structure poses a major obstacle, the analyst noted, with co-founders CEO Vladimir Tenev and Chief Creative Officer Baiju Bhatt holding 63.5% of voting power through their ownership of class B shares, which give them 10 votes per share. Ryan also doesn't see pressure for Robinhood (HOOD) to sell. "Robinhood is far from a
Tether Treasury Mints $1 Billion in $USDT
