WeWork has wiped away about 94% of its value in less than a year, its largest outside shareholder said. SoftBank told investors Monday it marked down its investment in WeWork to $2.9 billion, down from the $47 billion mark at which it was valued on paper a year ago. It’s also a 63% drop from the most recent SoftBank disclosure last quarter. The company’s declining value is a further indictment...
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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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