Home Tags WeWork

Tag: WeWork

WeWork could falter as costs spiral and social distancing hits offices, the boss of a rival real-estate group said

However, flexible leases, ready-to-go spaces, and "beer kegs and ping-pong tables" may be widely adopted, Vornado's CEO said.
Delivery-only restaurants are especially well-positioned to battle the woes of the pandemic.

The restaurant you just ordered delivery from may not actually exist — here’s why.

As restaurant industry becomes increasingly digital, we're being forced to question our idea of what qualifies as a restaurant.
WeWork offices in San Francisco

WeWork’s valuation has fallen from $47 billion last year to $2.9 billion

WeWork's continued drop in value since December is due in part to the coronavirus pandemic, its controlling shareholder SoftBank said.

SoftBank CEO Masayoshi Son says he was ‘foolish’ to invest $18.5 billion in WeWork

SoftBank gave WeWork a valuation of $2.9 billion as of the end of March, down from $7.3 billion in December.

Jack Ma is stepping down from SoftBank’s board with the company coming off a record $13 billion loss

Ma is stepping down after 13 years on SoftBank's board of directors. On Monday, the company announced an annual operating loss of $13 billion.

The coronavirus is the latest setback for WeWork. Here’s what it means for the coworking giant’s staff, landlords, and investors.

After a failed IPO, coworking giant WeWork has been struggling to turn itself around. Here's the latest on job cuts, legal battles, and more.
Sandeep Mathrani started at WeWork on February 18.

WeWork paid rent at 80% of its locations in April and May, Sandeep Mathrani says in first TV interview as CEO

WeWork CEO Sandeep Mathrani told CNBC on Tuesday that it collected over 70% of rent from tenants in April.
Walmart president and CEO Doug McMillon

Hospitals left waiting, the sharing economy gets sliced, and the future of shopping

The coronavirus drug remdesivir was OK'd for emergency use a week ago. The plan to get it to patients is still mired in confusion.
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 past decade

By leveraging smartphones, online marketplaces, and cheap access to technology, startups like Uber and Shopify became the talk of the town.
Ex-WeWork CEO Adam Neumann.

WeWork’s ex-CEO Adam Neumann reportedly plans to sue SoftBank for reneging on its $3 billion share deal

SoftBank abandoned the share deal in early April, claiming it'd be "irresponsible."