Us Startup News Today

Neumanns new real estate company, Flow Global, has sought to buy WeWork or its assets, as well as provide bankruptcy financing to keep it afloat, the sources said., DealBook first reported the development, saying Neumanns lawyers sent a letter to WeWork on Monday, claiming Daniel Loebs hedge fund Third Point would help finance the transaction.

WeWorks bankruptcy filing follows a dramatic decline in value from $47 billion to as low as $10 billion, driven by losses and corporate governance lapses

WeWork was once the most valuable U.S. startup, worth $47 billion.

WeWork, the SoftBank Group -backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.

Congress leader Rahul Gandhi discussed the impact of technology on common man and jobs during a meeting with Silicon Valley startup entrepreneurs. He expressed his appetite for technology and indicated that he is in favour of regulating technologies rather than banning them.

Indian-origin entrepreneurs turn around fortune of hottest US startups While Stanford alumni Baiju Bhatt led Robinhood app to a $11.7 billion valuation, Rohan Seth’s Clubhouse app made it big in less than a year as it now boasts of members such as Elon Musk and Mark Zuckerberg. February 15, 2021 / 04:38 PM IST This photo illustration shows the logo of trading application Robinhood on a mobile phone in Arlington, Virginia on January 28, 2021. (PC-AFP) In the Silicon Valley, two startups fo...