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More layoffs at SoftBank-backed companies, Salesforce faces questions, and another alt-data shakeup

Here are the top business stories this week, including a pizza startup, Salesforce, and a shakeup at 7Park
WeWork founder Adam Neumann, Stitch Fix founder Katrina Lake, Stripe founder Patrick Collison, and Shopify founder Tobias Lütke

Venture capitalists reveal the startups that changed everything in the last decade

By leveraging smartphones, online marketplaces, and cheap access to technology, startups like Uber and Shopify became the talk of the town.
Baiju Bhatt (left) and Vlad Tenev, cofounders and co-CEOs of Robinhood.

Robinhood just got fined $1.25 million by its regulator for how it executed trades — and it highlights the issues that can arise with payment fo...

The Financial Industry Regulatory Authority claimed the firm allowed hundreds of thousands of trades to fall outside its best execution reviews.

A Reddit trader claims to have found a new ‘infinite money’ glitch on Robinhood — one that piggybacks on November’s exploits

The strategy involves an "iron condor" options strategy, and the Reddit trader says it works with Facebook, Amazon, and Take-Two Interactive stock.

Stock-trading platform Robinhood withdraws its application to become an official bank

A spokesperson from the startup said Robinhood's decision to withdraw the application was voluntary.
Errol Flynn in "The Adventures of Robin Hood."

‘If I had made the right trade I would have been retired now’ — a Reddit user who exploited the Robinhood ‘infinite money̵...

"It was an opportunity to be free from the chains of tuition and mortgages in one trade," Tomatotowers said.
Robinhood users treated the app's "infinite money" glitch like a cheat code in a video game.

Robinhood’s ‘infinite money’ glitch shows the dangers of turning investing into a game, expert says

Stock-trading apps make "money more ethereal, like a token in a video game, so users tend to treat it as a game credit rather than actual cash."
Facebook CEO Mark Zuckerberg.

An anonymous memo at Facebook, a shakeup at WPP, and Robinhood’s ‘infinite money’ glitch

Here are the business stories you need to read this week, including stories on Facebook, WPP, and those 'around the web' content recommendations

Robinhood’s ‘infinite money’ glitch has reportedly drawn regulatory scrutiny — and the company could be fined

The Securities and Exchange Commission and the Financial Industry Regulatory Authority are the two agencies most likely to investigate the matter.

The jig is up: Robinhood says it’s closed the ‘infinite leverage’ loophole that allowed users to build positions worth millions

The trading platform has implemented a "permanent update" meant to "prevent anyone from engaging in this pattern of trades," a spokesperson said.