Robinhood board approves $1.5B share buyback plan

The board of directors at U.S. stock and crypto trading app Robinhood has approved a new $1.5 billion share buyback plan to be executed over the next three years, CoinDesk reported. The company also expanded its credit facility from $2.65 billion to $3.25 billion after renewing a credit agreement with a shareholder group led by JPMorgan. Robinhood's stock has fallen more than 50% since Bitcoin peaked last October.