Page 2 - Wework Cos News Today

Few fortunes are as volatile as Masayoshi Son’s. The SoftBank Group Corp. founder was briefly richer than Bill Gates at the start of the century before tech stocks crashed. In March 2020, as markets sank under Covid-19 and questions swirled over SoftBank’s investments, his wealth dipped to $8.4 billion, the lowest since 2016. Less than a year later, Japan’s second-richest person has more than quadrupled his fortune to $38 billion, according to the Bloomberg Billionaires Index, hitting the...

The pact announced Friday ends a legal fight over a stock transaction that collapsed, eliminating the need for a March 4 trial in Delaware.

Adam Neumann, the former WeWork chief executive, would give up his role on the company’s board for at least a year under the terms of a legal settlement in advanced discussions, people familiar with the matter said. The agreement, which hadn’t been finalized and could still change, would remove…

Months of price cuts across the U.S.—including in Chicago, where fees are down 24 percent—indicate a post-pandemic recovery will come slowly for office rentals.

WeWork Slashes Prices Across the U.S. by 10% The co-working operator reduced the price of most of its rental units at least twice, in November and January. Bloomberg | Feb 18, 2021 (Bloomberg)—WeWork Cos. cut prices across the U.S. in the past few months, indicating that a post-pandemic recovery will come slowly for office rentals. The New York-based company reduced the price of most rental units—from individual desks to small offices—in early November and again in January, acco...

Donald Trump won the votes of more than 70 million Americans in 2020. Jim Farley The newly installed president and chief executive officer of Ford Motor Co., Farley, 58, finds himself squarely in the bulls-eye during a critical year for Detroits beloved blue-oval brand. On the positive side, Fords F-Series line of pickup trucks has been Americas bestselling vehicle for more than 40 years; its money-minting light trucks (pickups and SUVs) have done so well, the company is exiting sedans to focus...

Article content (Bloomberg) — From the collapse of storied retailers to the fall of a prominent hedge fund manager, 2020 offered a harsh reminder of what happens when the economy goes south. Bankruptcies reached levels not seen in a decade, distressed debt soared to almost $1 trillion and it may take years to repair the damage to airlines, restaurants and hotels. While 2020 may be over, the drama probably isn’t. We apologize, but this video has failed to load. Try refreshing your browser, o...

Updated Dec. 22, 2020 9:44 am ET Demand for newly listed tech stocks is booming—and so, too, is the power of founders of the Silicon Valley companies. In the run-up to this month’s listing of DoorDash Inc., the delivery company’s board gave co-founders 20 votes per share, up from one vote in the most recent investment round. At Airbnb Inc., the company’s co-founders’ votes per share doubled to 20 in recent months, according to securities filings. And the board of Palanti...

SHARE SoftBank Group Corp. is preparing to raise between $500 million and $600 million via an initial public offering of its first special-purpose acquisition company, Axios reported late Sunday, citing multiple sources. The investment giant, which is known for backing promising technology startups, is said to be prepping for at least two additional SPACs, which are entities created for the sole purpose of merging with another firm and then taking that firm public. SPACs are becoming increasing...

PREVIEW SUBSCRIBE LinkedIn already has been experimenting with ads within stories in markets such as Latin America and Europe. Its stories advertising tests now span about 1,000 campaigns from more than 600 advertisers, including WeWork Cos., Daimler AG, General Motors Co. -owned Cadillac and Bank of New York Mellon Corp., the company said. It plans to make the ads in stories widely available in 2021. The visual nature of stories provide a way to ...