Tesla announced a five-for-one stock split on Tuesday afternoon in a move to make its share price more accessible to investors and employees, the company said. Shareholders of Tesla as of August 21 will get a dividend of four extra shares of common stock after close of trading on August 28. Shares of Tesla rose more than 6% in after-hours trading Tuesday. Tesla’s stock has tripled this year, to...
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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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