Home Tags WeWork

Tag: WeWork

Changes are coming to the AmEx Business Platinum in 2019 that will increase its value for some, but not all, cardholders

Changes to the American Express Business Platinum Card have been announced, including perks at WeWork and Dell, but also a higher annual fee.
WeWork's CEO Adam Neumann.

SoftBank committed another $3 billion to WeWork, and the deal could value the office sharing firm at around $42 billion

Office sharing firm WeWork has secured an additional $3 billion from Japanese tech giant SoftBank, bringing its total funding and commitments to $6.4 billion.
Tesla CEO Elon Musk.

Giant tech firms like Uber and Tesla are lapping up junk debt — here’s why investors are lining up to lend it

WeWork, Uber, and Tesla are piling on cheap debt to fuel their growth plans, relying on their brand appeal to win funding deemed too risky for others.

The 25 most valuable private tech companies in the US

Tech companies are continuing to garner major venture capital investment in 2018. Here are the 25 most valuable VC-backed startups in the US.

SoftBank in talks to take majority stake in WeWork: source

The two companies are closely entwined, with hundreds of SoftBank staff using space at the two companies’ Japanese joint venture.
WeWork Co-founder, Miguel McKelvey

SoftBank is in talks to invest $15B to $20B in WeWork for a majority stake

Softbank may make an investment between $15 billion and $20 billion in WeWork, giving it a majority stake in the coworking-space company, according to a Wall Street Journal report on Tuesday. The discussion is ongoing and a deal is not guaranteed.
WeWork's CEO Adam Neumann.

One of WeWork’s buildings is profitable, and the company says it’s a vindication of its model

WeWork's flagship UK building is profitable, in what the company will see as a vindication of its model. The company still needs to prove it can expand more cheaply, making sustained profits more likely. It'll also need to convince people it can navigate risks like a downturn.
Yoda fan Masayoshi Son.

Masayoshi Son wants to flood startups with insane cash as SoftBank plans new $100 billion fund every few years

SoftBank CEO Masayoshi Son plans to throw an insane amount of cash at startups over the next decade, saying that the firm will raise a new $100 billion fund every few years.
Miguel McKelvey (L) and Adam Neumann speak during the WeWork Celebrates The Detroit Creator Awards at Cadillac Square on May 25, 2017 in Detroit, Michigan.

WeWork is raising $1 billion from SoftBank in a very unusual way

Office occupancy startup WeWork is raising a further $1 billion in convertible debt from one of its existing investors, SoftBank. The unusual mechanism gives WeWork an immediate cash injection, as it continues to funnel money into expanding its shared office business globally.

WeWork bans meat at company events and won’t let employees expense meals that include meat because it’s bad for the environment

WeWork is banning meat because it's bad for the environment. The company estimates the policy will save 445.1 million pounds of Carbon Dioxide emissions by 2023.