On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and now plan thousands of job cuts. Kurt wagner spoke to wedbush analyst dan ives and bloombergs ellen huet, who covers the company. Ellen it is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, that confirms a lot of the reporting we have had in the last week or two which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. So theyre going to be spending the next few months with these new coceos, trying to show wall street, we are going to cut back on expenses, we are making changes at the company, it is no longer a company with this wide variety of businesses alongside its main core business, which is renting out office space. Kurt is there any one
We will break down all the numbers for you. And, microsoft stopped making phones years ago, and now its back with a new model that will run on googles android system. Is now the time to get back into the slowing Global Smartphone market . But first, to our top story. On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and is now planning thousands of job cuts. They will put some of their business is up for sale. Kurt wagner spoke to wedbush analyst dan ives and bloombergs ellen huet, who covers the company. Ellen it is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, that confirms a lot of the reporting we have had in the last week or two, which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. So
Why fi has been an undeniable success here it is made web access cheap of the People Living in underserved locations then there are so many People Living i dont want to connect at the. However for those studying the activities of facebook and other Big Tech Companies in kenya its impossible to ignore the huge potential for data mining. Last year facebook was pushed to admit that it had added its own software to the wife i Access Points that enabled non facebook data such as customer names and phone numbers to directly flow to the corporation while Facebook Says the purpose of the software Eastern Shore that hotspots of functioning well theres no clarity on just how much Additional Data is being collected and how thats being used a lot of these companies arent african theyre not even based in kenya in africa forget kenya or longer so what is a kenyan citizenship or if you do want an American Company uses their data yourself their data markets it you know as a product and without their c
Facebook. All of them. With algorithms and that one more than just uses all customers will these businesses would generate is. They need us to like them for them to be indispensable because the more that we use them the more data we produce in the midst of a great race the dot and Big Tech Companies are on the chase. For the past 3 years academics nichol dri analysts have been investigating a phenomenon they call data colonialism. While the scales in context may have changed they say colonialism same underlying functions of empire building extraction and appropriation remain the new langue grab going on theres not land thats being grabbed its us its human life the acquisition the construction of data valuable data to corporate use out of the flow of our lives thats the lag right going on and thats why the workload is the only work that does justice to that lets think for instance of all the and use her license agreements or the terms of use that we read whenever we sign up for a new so
Reception. We do have a pretty full slate of program today, including three plenary sessions, six Breakout Sessions, the summit concludes this afternoon with what should be a very memorable discussion with most of our top Intelligence Agency leaders. As a reminder, we value your questions. I hope you saw several of your questions asked yesterday, and in particular, start thinking of your questions and get them and so we can get them up on stage. And again, if you see it up there, think will try to have a scrolling thing to remind you of the email address so please get your questions in. Yesterday, you heard a little bit about next weeks classified summit follow one day. Based on your feedback we brought the summit format last year by adding a classified follow one day this year declassified day takes place the week from today on thursday september 12, at nga east campus in springfield. Stacy, thanks again for hosting us out there. We are honored to have odni Deputy Director for Mission