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Robinhood on Thursday sued to quash Massachusetts' new fiduciary rule and block the state's securities division from pursuing its case against the online brokerage.

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Announced on Thursday, Silvio Savarese will help lead fundamental and applied research for the company, as well as product development.

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Mobile gaming company AppLovin raised $2 billion in its IPO, valuing the company at $28.6 billion ahead of the start of trading on Thursday.

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A draft bill from Oregon Sen. Ron Wyden would require companies exporting certain sensitive data to obtain export licenses if sending the information to countries with poor records on user privacy, spying and other measures.

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In his final letter to shareholders as Amazon CEO, Jeff Bezos said he takes no comfort in the fact that Amazon employees voted overwhelmingly not to form a union. "While the voting results were lopsided and our direct relationship with employees is strong," he wrote, "it's clear to me that we need a better vision for how we create value for employees – a vision for their success."

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VMware shareholders will receive up to a $12 billion cash dividend, per Wednesday's release, while Dell stockholders will get a pro-rated amount of the 81% stake the company has in VMWare. Michael Dell, along with Silver Lake Partners, will have "direct interests in VMware," per the release. Dell announced it was considering this move nearly a year ago, but hadn't offered much in the way of details or timing until now.

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Twitter is studying the biases within its algorithms as part of a new effort to try to understand how its machine learning tools can cause unintended consequences, and the company says it plans to publicly share some of its findings.

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