FTCV - eToro SPAC Fintech Acquisition V gains after social media pump Robinhood comparison

Fintech Acquisition V (NASDAQ:FTCV), the SPAC that is taking cryptocurrency exchange eToro public, rose 6.3% after a pump on social media and as newly public online trading firm Robinhood (NASDAQ:HOOD) surged 53%. Will Meade, a former hedge fund manager who has been active in tweeting especially this year,  tweeted earlier that FTCV is the European Robinhood that is "too cheap at $10 and change with going crazy." Betsy Cohen's Fintech Acquisition V announced in mid March a deal to take Israeli trading platform eToro public in a transaction valued at $10.4B. The transaction included included commitments for a $650m PIPE from investors including ION Investment, Softbank Vision Fund 2, Third Point, Fidelity Management and Wellington Management. Robinhood stock earlier  touched as high as $85.00, an 82% surge, on the first day that trading of its options started. In addition, Cathie Wood's ARK Fintech Innovation ETF added to its stake in the stock-trading app. Earlier, Fintech firm

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eToro SPAC Fintech Acquisition V gains after social media pump, Robinhood comparison