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Google Decides Against Renting From WeWork in Toronto

By Chris Noble
· · Source: Bloomberg

WeWork can’t seem to catch a break.  Google has walked away from a deal to lease space from WeWork in Toronto after months of negotiations, choosing instead to rent 24,000 feet from IWG’s Spaces, Bloomberg reported. The article doesn’t have exact terms of the lease, but reports that it’s a multiyear deal on two floors at Spaces’ Royal Bank Plaza in the city’s financial district. Reasons for...

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Venture Capital Startups
How 5 Biotech Investors Are Responding to the Covid-19 Crisis
By Kate Clark and Shai Oster · May 25, 2020 7:01 AM PDT

When an oxygen tank exploded aboard the ill-fated Apollo 13 in 1970, a team of NASA engineers used cardboard, plastic bags and duct tape to rescue the astronauts on board. 

Andreessen Horowitz general partner Vijay Pande, who invests out of the firm’s $750 million biotech fund, likens the Apollo 13 engineers to the entrepreneurs developing new technologies in response to Covid-19.

...

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China’s Food Delivery App Meituan Dianping Posts First Quarter Loss
By Shai Oster · May 25, 2020
India’s Jio Launches Online Grocery in Challenge to Amazon and Walmart’s Flipkart
By Shai Oster · May 25, 2020
Alibaba Shares Slide After It Says Revenue Will Be Hurt by Covid-19
By Shai Oster · May 24, 2020
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