PYMNTS-MonitorEdge-May-2024

WeWork

WeWork is an American commercial real estate company that provides shared workspaces for technology startups, and services for other enterprises. Founded in 2010, it is headquartered in New York City.

WeWork is revolutionizing the way people and companies work. Get flexible workspaces, agile services, and leading technologies to move your business forward.

We believe in empowering our team to create their own life's work. We move fast and we challenge each other, but we look after each other and care about our culture, which makes working here extremely rewarding. There's a lot of work left for us to do, and we couldn't do it without a single member of our team.

Source: wework.com

SoftBank, JP Morgan Discuss Bailout To Prevent WeWork Insolvency
SoftBank, JP Morgan Discuss Bailout To Prevent WeWork Insolvency
October 16, 2019  |  Investments

SoftBank and JP Morgan are in talks to rescue WeWork before it runs out of money, which is expected to happen by mid-November, CNBC reported...

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2,000 Staff Getting Laid Off As WeWork Faces Collapse
2,000 Staff Getting Laid Off As WeWork Faces Collapse
October 15, 2019  |  Investments

WeWork will lay off at least 2,000 staff in the coming week — 13 percent of its 15,000 payroll — with thousands of more job...

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Top News In Payments: Google Play Bans High-Interest Loan Services; Thoma Bravo To Buy Sophos
Top News In Payments: Google Play Bans High-Interest Loan Services; Thoma Bravo To Buy Sophos
October 14, 2019  |  News

Today in the payments news roundup, Google has reportedly prohibited high-interest consumer loan services from its Google Play store. Also, British cybersecurity software company Sophos is being...

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WeWork Accelerates Expansion Of New Locations
WeWork Accelerates Expansion Of New Locations
October 14, 2019  |  Retail

In a move that has likely accelerated the speed at which WeWork is burning through cash, the company has opened nearly as many locations in the past...

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SoftBank Wants Control Of WeWork
SoftBank Wants Control Of WeWork
October 13, 2019  |  Investments

The parent company of WeWork is at a junction after its initial public offering (IPO) tanked and its chief executive officer stepped down, Reuters reported...

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SoftBank To Downshift Vision Fund Strategy Post-Uber, WeWork IPO Flops
SoftBank To Downshift Vision Fund Strategy Post-Uber, WeWork IPO Flops
October 11, 2019  |  Investments

SoftBank CEO Masayoshi Son is reportedly reconfiguring his strategy for investing with his latest Vision Fund due to the struggles of companies like Uber and...

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Cash-Strapped WeWork Turns To SoftBank For Funding
Cash-Strapped WeWork Turns To SoftBank For Funding
October 11, 2019  |  Investments

WeWork needs to be financed by the end of November or it will run out of money. Bloomberg is reporting that the co-working company, which...

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WeWork Calls For Looser Loan Policies For Co-Working Tenants
WeWork Calls For Looser Loan Policies For Co-Working Tenants
October 11, 2019  |  Loans

A WeWork executive is calling for real estate lenders to be more flexible when it comes to their co-working tenants. “It’s important for lenders to...

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SoftBank Losses From WeWork, Uber Failed IPOs Top $5B
SoftBank Losses From WeWork, Uber Failed IPOs Top $5B
October 08, 2019  |  Investments

Analysts are starting to weigh in on the mounting damages SoftBank could incur after such mishaps as WeWork and Uber, Bloomberg reported on Monday (Oct....

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