Robinhood (NASDAQ: HOOD) announced a $1 billion share buyback program on Tuesday, and this could be a great use of the company's cash. In this video, Travis Hoium shows why the company made this decision and why this could provide fuel to the stock long-term.

*Stock prices used were end-of-day prices of May 29, 2024. The video was published on May 29, 2024.

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Source Fool.com