Finance. Here s a rundown of the must-know stories from the past week:
Lee Ainslie tells investors Maverick Capital is poised to take advantage of the post-GameStop-frenzy
How
The inside track on the next big innovations in IPOs and direct listings
Read our roundup of Wall Street power moves
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Generation Robinhood: How the trading app conditioned inexperienced users to obsessively play the market
The app aims to make trading easy and fun for a simple reason: The more users trade, the more money Robinhood makes. The startup s business model, in fact, is based in large part on what is known as payment for order flow (PFOF) - taking the buy and sell orders that users place and selling them directly to large trading firms.
Steve Marcus/Reuters
Another senior Point72 data executive is departing the hedge fund.
Kirk McKeown, who led proprietary research, is leaving to start a business, sources told Insider.
In December, Matthew Granade, who oversaw the fund s data efforts, left amid a firm reorganization.
Another top data executive is out at Point72.
Kirk McKeown, who led proprietary research at the hedge fund, has left the firm, according to people familiar with the matter and an internal memo seen by Insider.
McKeown, who joined the firm eight years ago and created its Canvas Fundamental Research Group, had been deliberating his departure for weeks and is leaving to start a data and research company, according to the memo.