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SoftBank could walk away from the $3 billion WeWork stock buybacks it agreed to as part of its bailout plan: WSJ
The Japanese investor cited regulatory inquiries from US agencies including the SEC and the Justice Department as rationale to pull out.
It looks like WeWork’s new CEO will continue aggressive cost-cutting with reports of another 1,000 layoffs in 2020
According to the Financial Times, WeWork chief executive Sandeep Mathrani is mulling new cuts to curb the firm's spending.
"Investors got really turned off," said Kathleen Smith, principal at Renaissance Capital. "I'll call it a buyer's strike."
WeWork could be worth more than $23 billion by the end of 2023, according to Bernstein analyst Chris Lane,
WeWork chairman posts photos from lavish, Michelin-starred dinner a day after his company began laying off 2,400 employees
The embattled startup confirmed Thursday that it was laying off 2,400 employees, or about 20% of its global workforce.
There's "a definite change in mood" towards SoftBank since the WeWork debacle.
Ousted WeWork CEO Adam Neumann can still reportedly name directors to WeWork’s board, even though he left the company
Even after resigning as WeWork's CEO and chairman, Adam Neumann can still influence the company through its board, according to a new FastCo. report.
SoftBank is reportedly holding up a big chunk of its $9.5 billion bailout of WeWork — and it’s causing ‘lots of anxiety’
Worried investors bid down the price of WeWork's junk bonds, driving their yield and spread to record highs.
The troubled coworking startup lost more than $1.2 billion and its cash reserves shrunk by about $900 million.
WeWork just released an investor presentation that offers numbers the company didn’t include in its widely-derided IPO documents
The presentation also highlighted a break with cofounder Adam Neumann, with new executives planning to focus on large companies as customers.