Robinhood Stock Set To Crater As Insiders File To Sell 97.9 Million Shares One Day After Reddit-Fueled Surge
Shares of buzzy online brokerage Robinhood plunged in pre-market trading Thursday after the newly public company disclosed a slew of its existing shareholders filed to sell up to 97.9 million shares in a post-IPO share offeringa hefty sum of stock worth…