Wall Street battles upstarts in hunt for Silicon Valley rich
Fourteen San Francisco-area companies that began trading publicly last year have raised more than $15 billion, led by Uber Inc.’s $8.1 billion and Lyft Inc.’s $2.3 billion. Expand that to include the 16 other Bay Area firms that have gone public and the amount jumps to more than $20 billion.
WeWork’s Adam Neumann in talks to boost investment in Peach Street
The company, which hasn’t yet launched, will enable mortgage holders to ma...
SoftBank’s Masayoshi Son had a bad 2019. Here’s what he can buy in 2020
Tesla's a dreamy idea. A cult-like status among investors and custome...
‘We trusted you’: WeWork’s chair on Adam Neumann and the future
The SoftBank bailout has given WeWork some breathing room, but there are big problems to fix. The company has been opening so many locations that it is spending far more money than it is bringing in.
WeWork India leases office space in Goregaon
The company has leased eight floors and the total tenure of the deal is 10 years. WeWork India will be paying Rs 144 per sq ft a month taking the total annual payout above Rs 39.2 crore.
Adam Neumann, the boy who burst the Unicorn bubble
WeWork's Neumann saw a flawed system and his combination of greed & smarts allowed him to exploit it.
How WeWork founder Adam Neumann failed up
How founder of WeWork, Adam Neumann, walked out of the failing company with a massive payout.
Adam Neumann’s era of excess and eccentricity is over at WeWork
Neumann will walk away with as much as $1.2 billion as well as a $500 million credit line from SoftBank.
SoftBank executives discuss trimming WeWork offer
The discussions at SoftBank center around shrinking a $3 billion tender offer for WeWork shares owned by founders, employees and investors, according to people with knowledge of the talks. Such a move would be designed, at least in part, to limit the amount paid to co-founder Adam Neumann, said the people, who requested anonymity because the matter is private.
WeWork may lay off thousands
According to a source, WeWork would lay off 2,000 to 2,500 employees and an additional 1,000 employees will leave as WeWork sells or closes down non-core businesses. Further, roughly 1,000 building maintenance employees will be transferred to an outside contractor
Ex-Housing CEO in fray for WeWork top job
When asked about the development, a SoftBank spokesperson said, “We don’t comment on speculation.”
Pressure mounts on WeWork CEO Adam Neumann as board weighs coup
The news of Neumann’s potential ouster comes after a whirlwind week of uncertainty for WeWork.
The cult of the silicon valley founder is fading
Once celebrated, charismatic founders are hurting the brands they built. What can Indian founders learn from the meteoric rise and fall of their Western counterparts?
Oyo may cut more jobs to shore up its bottom line
Executives say scale of layoffs ‘far larger’ than expected but Oyo denies any such plan.
Here’s how SoftBank says it’ll fix WeWork and turn it profitable
In a mix of bravado and practicality that’s vintage Son, the billionaire opened his speech by describing the earnings announcement as “not good at all.” He then said that turning around WeWork would be “simple” and that his team had a plan for it.
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