Category: WeWork
So much for pessimism
Whatever lesson WeWork was supposed to teach, it doesn’t appear to have made much impact Alex Wilhelm 8 hours After WeWork exploded there was — at least supposedly — a change in sentiment among investors and founders alike. Gone were the days of easy nine-figure rounds, expensive growth, negative unit…
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Tradeshift cuts headcount by three figures in effort to turn towards profitability
Last month, Tradeshift, a platform for supply chain payments that has achieved unicorn status in recent years, had some good news and some bad news. It announced a Series F funding round of $240 million in equity and debt, raised from a combination of existing and new investors. It’s now…
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‘A city where you can pilot almost anything and figure out if it’s going to work’
An interview with Julie Samuels, founding executive director of Tech:NYC Scott Bade 10 hours Scott Bade Contributor Scott Bade is a former speechwriter for Mike Bloomberg and co-author of “More Human: Designing a World Where People Come First.” More posts by this contributor The tech of giving back: an interview…
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Advocating reform, activist investor Elliott Management takes a $2.5B stake in SoftBank
The activist investment firm Elliott Management has steadily amassed a $2.5 billion stake in the headline-grabbing, Japanese technology conglomerate SoftBank even as a series of missteps battered the company’s share price. Famous for its investments in companies like Slack and Uber and infamous for betting billions on the co-working real…
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As a top manager leaves amid fundraising woes, SoftBank’s vision looks dimmer — and schadenfreude abounds
Every once in a while, an organization implodes so fantastically that it’s hard in retrospect to understand why another outcome once seemed possible. With every passing day, SoftBank — which shook up the investing world with the largest investment fund ever pooled, then seemed to use its capital as a…
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Report: WeWork has a new CEO and he’s a real estate — not a tech — exec
If WeWork wanted to cement the impression that it no longer strives to be viewed as a tech company but rather as a real estate giant focused on leasing space to millennials and enterprise customers, it would probably choose a veteran from the real estate world. That’s just what it…
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