WeWork, the struggling office space company, said on Friday that it had reached a deal with SoftBank and other investors to significantly reduce its debt and secure new financing. The agreement would cancel or convert […]
When Melissa Pancoast moved her financial literacy start-up, The Beans, into a WeWork office in San Francisco’s Salesforce Tower last May, most of the offices around her were rented out but unoccupied. As vaccination rates […]
Even as they allow some employees to change how often they come into the office, tech companies are rapidly buying and leasing properties around the country. Source
Marcelo Claure, a top deputy to SoftBank’s founder, Masayoshi Son, will step down as chief operating officer following a dispute over roughly $2 billion in possible compensation. SoftBank, a Japanese conglomerate that has made huge […]
This article is part of the On Tech newsletter. Here is a collection of past columns. It’s a victory that WeWork has made it this far. This week, a shrunken version of the start-up that […]
Average investors were not able to get in on the last decade’s start-up boom in private markets. Once that seemed unfair. Now it looks lucky. Source
“We looked at our plan, we see what we accomplished in 2020 — and we’ve seen a path to profitability — and we thought it was a good time to raise additional liquidity,” Sandeep Mathrani, […]
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