Tech

WeWork’s had a terrible 2 months, and now SoftBank is reportedly taking control of the company in a bailout deal — here’s everything that has happened since the embattled company tried to go public

In August, coworking company WeWork publicly filed its IPO paperwork. It was last privately valued at $US47 billion. Since then, WeWork has had an exceptionally bad few months, as potential investors got their first look at WeWork’s financials and people began to dig into the past behaviour and business dealings […]
WeWork’s had a terrible 2 months, and now SoftBank is reportedly taking control of the company in a bailout deal — here’s everything that has happened since the embattled company tried to go public
Tech

WeWork’s biggest investor reportedly urged CEO Adam Neumann to scrap phrases like ‘elevate the world’s consciousness’ in the company’s IPO filing

Softbank, WeWork’s biggest investor, did not want WeWork using touchy-feely language in its IPO paperwork, including phrases like “elevate the world’s consciousness,” CNBC’s Alex Sherman reported on Monday. The infusion of spirituality into WeWork – in the company’s culture and in its IPO filing – has been routinely mocked, and […]
WeWork’s biggest investor reportedly urged CEO Adam Neumann to scrap phrases like ‘elevate the world’s consciousness’ in the company’s IPO filing
Tech

WeWork CEO Adam Neumann reportedly smoked weed with friends on a private jet to Israel — and the flight crew later found a ‘sizable chunk’ in a cereal box and recalled the plane

WeWork cofounder and CEO Adam Neumann smoked weed with friends on a Gulfstream G650 private jet to Israel last summer, The Wall Street Journal reported. The flight crew found a “sizable chunk” of marijuana “stuffed in a cereal box” on board after Neumann’s squad exited the aircraft. The jet’s concerned […]
WeWork CEO Adam Neumann reportedly smoked weed with friends on a private jet to Israel — and the flight crew later found a ‘sizable chunk’ in a cereal box and recalled the plane
Tech

WeWork files for IPO, revealing spiraling losses of $1.6 billion

WeWork on Wednesday publicly released its paperwork for its initial public offering. The filing provides the first in-depth look at WeWork’s financial results. It shows spiraling losses over the past three years, with the firm posting a net loss of $US1.6 billion in 2018 on revenue of $US1.8 billion. Read […]
WeWork files for IPO, revealing spiraling losses of $1.6 billion
Tech

Amazon is reportedly looking to expand in NYC after ditching its HQ2 plans in the city just 5 months ago — and the tech giant may be considering a WeWork space

Amazon is looking to expand into New York City, and is looking at a WeWork-owned space that fits “several thousand employees,” the Wall Street Journal reports. News of Amazon’s possible expansion comes five months after the e-commerce giant’s plans fell apart to build headquarters in New York. Visit Business Insider’s […]
Amazon is reportedly looking to expand in NYC after ditching its HQ2 plans in the city just 5 months ago — and the tech giant may be considering a WeWork space
Tech

The 26 most valuable private tech companies in the US

Juul, Airbnb, and the We Company are among some of the most valuable private startups in the US. Major VC investments in the past year have shaken up the list, with video gaming and cryptocurrency startups entering the rankings. Using data from PitchBook, we’ve compiled a list of the 26 […]
The 26 most valuable private tech companies in the US