Google parent Alphabet has pared back large positions in multiple publicly traded firms, including the trading platform Robinhood , the gene testing company 23andMe and language learning startup Duolingo .
The company dumped nearly 90% of its stake in Robinhood, according to SEC filings.
The company sold off more than 4.3 million shares of the fintech stock during the period ending June 30.
Robinhood posted its first profit as a publicly traded company on Aug. 2.
Alphabet still held about 612,000 shares of Robinhood as of June 30.
Persons:
Robinhood, Anne Wojcicki, Sergey Brin
Organizations:
SEC, Wall, Google
Locations:
Robinhood, Duolingo, 23andMe