SoftBank confirmed it isn’t going through with the planned purchase of $3 billion of WeWork shares from early investors, including co-founder Adam Neumann, who had planned to unload $970 million to SoftBank. Also missing out is Benchmark Capital. The tender offer was the last stage of SoftBank’s bailout of WeWork that began when the co-working provider’s IPO fell apart last fall. SoftBank had...
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The People With Power at Robinhood

Last year, as Robinhood’s trading activity boomed and legal problems mounted, the $11.7 billion startup shook up the ranks of its senior staff. The turnover means many top employees will be relative newcomers at the time of its anticipated public listing this year. The Menlo Park, Calif., company saw the departures of its head of international expansion and its general counsel, among...
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