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 Considers $1B WeWork Investment Following Stalled IPO
SoftBank Considers $1B WeWork Investment Following Stalled IPO
September 26, 2019  |  IPO

A tumultuous week for WeWork will ultimately bring more investment money for the office-sharing firm, Reuters reported on Wednesday (Sept. 25). Japan’s SoftBank Group is...

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Lessons Learned — Or Not — From WeWork’s Whirlwind
Lessons Learned — Or Not — From WeWork’s Whirlwind
September 25, 2019  |  Business

Is this the week of the CEO step-down? WeWork, Juul and eBay have all announced the departures of the chiefs at their respective helms. Every...

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WeWork’s Neumann To Relinquish CEO Role After IPO Shelving
WeWork’s Neumann To Relinquish CEO Role After IPO Shelving
September 24, 2019  |  Personnel

Adam Neumann, co-founder and CEO of WeWork, will step down from his position, according to a report by The Wall Street Journal. The news comes...

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SoftBank’s Hard Landing Among The Tech Unicorns
SoftBank’s Hard Landing Among The Tech Unicorns
September 23, 2019  |  Investments

Rise by the tech unicorn, sink by the tech unicorn. The decision by the We Company – the parent firm of office-sharing company WeWork –...

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Japan’s SoftBank Contemplates Investment In Brazil 
Japan’s SoftBank Contemplates Investment In Brazil 
September 22, 2019  |  International

SoftBank Group is considering a gamble on Brazil and might advise high-growth firms to invest in the country, Reuters reported on Friday (Sept. 21). “We...

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SoftBank To Push For WeWork CEO To Step Down
SoftBank To Push For WeWork CEO To Step Down
September 22, 2019  |  IPO

Investors and board members are growing weary of the behavior by WeWork’s CEO and co-founder Adam Neumann, and they are looking to force him out...

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Boston Fed Pres. Thinks Co-Working Spaces Could Hurt Economy
Boston Fed Pres. Thinks Co-Working Spaces Could Hurt Economy
September 22, 2019  |  Economy

The Boston Federal Reserve president think that co-working spaces could ultimately hurt the economy, and even worsen the next U.S. recession. “I am concerned that...

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Top News In Payments: Mastercard Grows Track Platform; Affirm Aims For $1.5B In Funding
Top News In Payments: Mastercard Grows Track Platform; Affirm Aims For $1.5B In Funding
September 13, 2019  |  News

Today in the payments news roundup, Mastercard is modernizing its business-to-business (B2B) payment ecosystem. Also, Affirm is reportedly seeking to raise around $1.5 billion in...

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Google’s AG Onslaught A Big Fizzle For Tech
Google’s AG Onslaught A Big Fizzle For Tech
September 13, 2019  |  Sizzle/Fizzle

In many cases, unity is a good thing. Banding together for a common cause, perhaps a charitable one, or rooting all together for a home...

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