According to Foresight News, stock and cryptocurrency trading platform Robinhood's cryptocurrency trading revenue in the fourth quarter of last year was $39 million, down 24% from $51 million in the third quarter. Robinhood also said that its board of directors has authorized it to purchase all or most of the 55 million shares of Robinhood stock purchased by the holding company of former FTX founder SBF and executive Gary Wang in May 2022. Last month, the U.S. Department of Justice seized these shares of Robinhood, which were worth nearly $500 million at the time.