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

WeWork Could Cut 1K Employees In New Wave Of Layoffs
WeWork Could Cut 1K Employees In New Wave Of Layoffs
March 13, 2020  |  Personnel

Embattled co-working company WeWork is facing another set of layoffs while trying to cut expenses and rebound from a tough period that saw a failed...

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WeWork To Sell Iconic NYC Building To Amazon
WeWork To Sell Iconic NYC Building To Amazon
March 12, 2020  |  Amazon

Amazon’s New York expansion plans will now include the former Lord & Taylor building in downtown Manhattan, as the eCommerce company announced that it will...

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SoftBank Exec: ‘Mistakes Come Out First’ In Investing
SoftBank Exec: ‘Mistakes Come Out First’ In Investing
March 09, 2020  |  Investments

SoftBank’s Rajeev Misra, head of the company’s $100 billion Vision Fund, is still banking on the success of the fund, confident investments and IPOs will...

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WeWork Gets Higher Bid For Management Startup Than Its Co-founder
WeWork Gets Higher Bid For Management Startup Than Its Co-founder
March 01, 2020  |  Partnerships / Acquisitions

Managed by Q co-founder Dan Teran was in talks to buy his company back from WeWork — which the office-sharing firm acquired in April 2019...

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WeWork Aims For $1B Quarter, FCF Positive
WeWork Aims For $1B Quarter, FCF Positive
February 11, 2020  |  Business

Office space platform WeWork is anticipating that it will post its first $1 billion revenue quarter this year and is aiming to become free cash...

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Top WeWork Exec Refutes Claim That Former CEO ‘Walked Away’ With $1B
Top WeWork Exec Refutes Claim That Former CEO ‘Walked Away’ With $1B
February 10, 2020  |  Business

Marcelo Claure, the executive chairman at embattled company WeWork, said in an interview that former CEO Adam Neumann didn’t leave the company with more than...

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SoftBank’s Vision Fund Sequel Fails To Meet Funding Goal
SoftBank’s Vision Fund Sequel Fails To Meet Funding Goal
February 07, 2020  |  Investments

SoftBank Group, which is behind the highly successful Vision Fund, is not going to meet its financing goal for its follow-up fund, Vision Fund 2,...

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Top News In Payments: Uber Eats Adjusted Net Sales Surge 154 Pct; NYSE Owner Abandons Plans To Buy eBay
Top News In Payments: Uber Eats Adjusted Net Sales Surge 154 Pct; NYSE Owner Abandons...
February 07, 2020  |  News

In today’s top payments news, Uber reported positive fourth quarter earnings, NYSE owner International Exchange said it will not pursue plans to buy eBay and...

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Investor Interest Wanes In PropTech After WeWork Debacle
Investor Interest Wanes In PropTech After WeWork Debacle
February 07, 2020  |  Investments

The decline of WeWork over the last year has had ripple effects, depressing investor confidence in the entire brand of property technology (PropTech), to which WeWork...

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