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Study launched into how startups will return to offices — will WFH continue?

Study launched into how startups will return to offices — will WFH continue? A comprehensive study into how startups will work in the future, in the wake of the global COVID-9 pandemic, has been launched by UK non-profit Founders Forum. The initiative comes in the wake of a number of organizations announcing […]

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SoftBank terminates $3BN tender offer for WeWork shares

SoftBank terminates BN tender offer for WeWork shares SoftBank Group has pulled a $3 billion tender offer for WeWork shares — citing closing conditions not being met. The investment behemoth had been rumoured to be getting cold feet, when the WSJ reported last month that it was using regulatory investigations as a […]

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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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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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WeWork pulls thousands of phone booths out of service over formaldehyde scare

WeWork pulls thousands of phone booths out of service over formaldehyde scare WeWork, the co-working empire once valued at $47 billion before reality struck, plunging the business and its investors into crisis, has another problem to add to its growing pile — one which doesn’t exactly reflect well on its core business […]

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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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WeWork CEO Adam Neumann has reportedly cashed out of over $700 million ahead of its IPO

WeWork CEO Adam Neumann has reportedly cashed out of over 0 million ahead of its IPO Adam Neumann, the co-founder and chief executive of the international real estate co-working startup, WeWork, has reportedly cashed out of more than $700 million from his company ahead of its initial public offering. The size and […]

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Norrsken opens East Africa startup fund and hub in Kigali

Norrsken opens East Africa startup fund and hub in Kigali Startups in East Africa have a new source for investment and mentorship. Sweden’s Norrsken Foundation—a coworking space and investment fund based in Stockholm—opened its tech fund and entrepreneurship hub in Rwanda today to support ventures across the region. Norrsken’s Kigali center is […]

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Canopy’s upscale co-working business adds a new location in SF on the heels of strategic funding

Canopy’s upscale co-working business adds a new location in SF on the heels of strategic funding Canopy, an upscale, profitable developer of co-working spaces, has expanded its footprint in San Francisco to a third location on the heels of a strategic financing round. Co-founded by the product designer Yves Behar; the second […]

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Remote workers and nomads represent the next tech hub

Remote workers and nomads represent the next tech hub Amid calls for a dozen different global cities to replace Silicon Valley — Austin, Beijing, London, New York — nobody has yet nominated “nowhere.” But it’s now a possibility. There are two trends to unpack here. The first is startups that are fully, […]

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