According to CoinDesk, the CEO of Robinhood responded to FTX's merger rumors during the earnings call, saying "I like us as an independent company" and that the company has $6 billion in cash available for acquisitions. Foresight News previously reported that FTX founder Sam Bankman-Fried bought 56 million shares of Robinhood, accounting for 7.6% of the shares, becoming the third largest shareholder of Robinhood, and expressed his willingness to cooperate with Robinhood, but did not actively engage in mergers and acquisitions dialogue.