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Alphabet sold off Robinhood, Lyft entire holdings, MarketWatch reports
The Fly

Alphabet sold off Robinhood, Lyft entire holdings, MarketWatch reports

Alphabet (GOOGL) has disclosed that it managed $1.56B worth of equity investments at the end of September, down 16.3% from the end of June, according to MarketWatch’s Tom Kilgore. The company also disclosed that it sold off its entire holdings of Lyft (LYFT) and Robinhood (HOOD) during the latest quarter, after ending June with a $35.5M investment in Lyft and $6.1M worth of Robinhood stock. Alphabet also slashed its holdings of health insurer Oscar Health (OSCR) to about $102.9M from $170.9M on June 30, the publication notes, and disclosed that it owned $104.9M worth of semiconductor designer Arm Holdings (ARM).

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