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New York State Attorney General reportedly investigating WeWork

New York State Attorney General reportedly investigating WeWork WeWork is reportedly being investigated by the New York State Attorney General. According to Reuters, the NYAG’s questions include if WeWork founder and former CEO Adam Neumann engaged in self-dealing. A WeWork spokesperson said in an email that “we have received an inquiry from […]

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WeWork-owned Meetup confirms restructuring, layoffs

WeWork-owned Meetup confirms restructuring, layoffs WeWork’s efforts to cut costs following the ouster of its chief executive officer and a delayed initial public offering looks to be impacting its subsidiaries. Meetup, which WeWork acquired for a reported $200 million in 2017, announced a round of layoffs this morning, TechCrunch has learned. The […]

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WeWork confirms an up to $8 billion lifeline from SoftBank Group; names new executive chairman

WeWork confirms an up to billion lifeline from SoftBank Group; names new executive chairman Confirming earlier reports, The We Company and SoftBank Group agreed to a new capital infusion which will see SoftBank committing $5 billion in new financing and issuing a tender offer for another $3 billion in buybacks for shareholders. […]

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Report: SoftBank is taking control of WeWork at an ~$8B valuation

Report: SoftBank is taking control of WeWork at an ~B valuation WeWork, once valued at $47 billion, will be worth as little as $7.5 billion on paper as SoftBank takes control of the struggling co-working business, CNBC reports. SoftBank, a long-time WeWork investor, plans to invest between $4 billion and $5 billion […]

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Adam Neumann planned for his children and grandchildren to control WeWork

Adam Neumann planned for his children and grandchildren to control WeWork WeWork co-founder Adam Neumann didn’t plan for his family’s control of WeWork to end at his death but he expected it be controlled by future generations of Neumanns, too, says Business Insider. The outlet reports that in a speech Neumann gave […]

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SoftBank reportedly preps a package to take control of WeWork parent company

SoftBank reportedly preps a package to take control of WeWork parent company SoftBank Group, the multi-billion dollar Japanese technology conglomerate and investment firm, has put together a  bid that would save WeWork parent company We Co., just weeks before the co-working real estate company’s imminent collapse, The Wall Street Journal reports. With […]

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Report: WeWork expected to cut 500 tech roles

Report: WeWork expected to cut 500 tech roles The WeWork saga continues this week with new reports the company may slash as many as 500 tech roles. The co-working business, whose eccentric co-founder and chief executive officer Adam Neumann stepped down two weeks ago, is expected to let go of 350 employees […]

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Report: WeWork cofounder Adam Neumann may have to unload property to pay off a giant loan

Report: WeWork cofounder Adam Neumann may have to unload property to pay off a giant loan Adam Neumann may be out of the daily flow of WeWork, but he seemingly remains top of mind to some of the company’s bankers. According to a new Business Insider piece, Neumann is working with JPMorgan, […]

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TC’s Greg Epstein and Kate Clark talk mental health startups and the ‘Cult of the Founder’

TC’s Greg Epstein and Kate Clark talk mental health startups and the ‘Cult of the Founder’ Some weeks, tech ethics is in the news. And some weeks, it IS the news. This week was one of the latter, There were so many ethically fraught news stories about technology companies over these past […]

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Your guide to WeWork’s CEO shuffle

Your guide to WeWork’s CEO shuffle Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week Kate and Alex were back at TechCrunch’s San Francisco HQ to huddle over the weeks’ biggest news story: WeWork’s infamous CEO exiting his role. Adam Neumann is now merely the […]

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