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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.
WeWork documents reveal it owes $18 billion in rent and is burning through cash as it seeks more funding
WeWork plans to raise more funding through a $500 million bond sale.
The exclusive no-men-allowed club that’s raised over $32 million from investors like WeWork is going international
The Wing, a women-only coworking space and club, announced it's opening six new locations, including London and Toronto.
Airtable has become a sleeper hit in Silicon Valley, with WeWork and Tesla included among its customers.
A women’s only club that raised $32 million is under investigation by New York’s human rights commission for excluding men
The Wing is under investigation of the New York City Commission on Human Rights due to its strict no-men-allowed club rules.
First they took the beer, then they took the kombucha.
A new company is using under-utilized real estate to create makeshift offices for entrepreneurs.
WeWork is reportedly recruiting startups for a mysterious new invite-only incubator called ‘Area 51’
According to a pitch deck viewed by Wired, WeWork describes Area 51 as a "fluid yet systematic platform" that will foster "pioneers, inventors, and leaders."
The move represents a big bet on the resilience of post-Brexit London's office market.