Page 11 - Wework News Today

“Vibe is off. Mostly crowded and the scene feels oddly the opposite of creative,” says a fashionista. Wall Street is betting against its future.

WeWork has extended a key Downtown Washington, D.C. lease as it works its way through bankruptcy

After so many flops, the glamour of high-risk technology investing looks distinctly tainted

Plus: Shares drop after Lightspeed beats Q3 guidance and Shopify hikes prices.

Softbank: October-December net profit reached 985.5 billion yen ($6.6 billion), versus a 744.7 billion yen loss in the same period a year earlier that was brought about by a drop in the valuation of unlisted Vision Fund unit investments.

So far it appears that the company wants nothing to do with him.

It also highlights the lingering effect of SoftBanks "defence mode", a strategy it adopted after being hit by plummeting valuations in the aftermath of the pandemic, when higher interest rates eroded investor appetite for risk.

Adam Neumann, the ousted founder of WeWork, is exploring a deal to buy back the office sharing company.

Adam 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.

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.