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Why Robinhood Stock Just Popped


Robinhood (NASDAQ: HOOD) stock is up 2.7% as of 12:40 p.m. ET Thursday. Robinhood investors are reacting to an announcement that first appeared on the company's blog two days ago -- which received wide attention yesterday afternoon:

Robinhood is doubling down on sports betting.

Image source: Getty Images.

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Source Fool.com

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