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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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China Roundup: TikTok stumbles in the US and Huawei shipments continue to surge

China Roundup: TikTok stumbles in the US and Huawei shipments continue to surge Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. It’s been a very busy last week of October […]

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Latin America Roundup: Uber acquires Cornershop, Softbank invests in Buser and Olist

Latin America Roundup: Uber acquires Cornershop, Softbank invests in Buser and Olist Sophia Wood Contributor Share on Twitter Sophia Wood is a principal at Magma Partners, a Latin America-focused seed-stage VC firm with offices in Latin America, Asia and the U.S. Sophia is also the co-founder of LatAm List, an English-language Latin […]

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Week in Review: You break it, you buy it

Week in Review: You break it, you buy it Hey everyone. Thank you for welcoming me into you inbox yet again. Last week, I talked about Zuckerberg’s quest to tell us that Facebook has governing principles when he’s really just building the stairs one step at a time. If you’re reading this […]

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Growth is out, profitability is in

Growth is out, profitability is in 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 held the reins as a duo (check out our chat with Greylock’s Sarah Guo from last week here) to dig into an enormous raft […]

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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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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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