Alphabet sold almost 90% of its Robinhood stake last quarter

• Alphabet slashed its stake in Robinhood stock by nearly 90% in the second quarter, SEC filings show.
• The Google parent cut its stake from about 4.9 million shares to about 612,000.
• Robinhood is coming off its first-ever profitable quarter as a public company, but is losing active users.

Alphabet reduced its stake in Robinhood by nearly 90% in the second quarter, according to a Friday SEC filing.