SoftBank confirmed it isn’t going through with the planned purchase of $3 billion of WeWork shares from early investors, including co-founder Adam Neumann, who had planned to unload $970 million to SoftBank. Also missing out is Benchmark Capital. The tender offer was the last stage of SoftBank’s bailout of WeWork that began when the co-working provider’s IPO fell apart last fall. SoftBank had...
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Why the Return to the Office Is Inevitable
For proponents of a return to working in the office, it’s two steps forward and one step back. The haze of Canadian smoke that hung over New York City and other parts of the East Coast this week gave people a reason to stay inside. Some schools shuttered their doors. People on the streets have been wearing masks. Yes, it has felt a bit like 2020. But no one should rush to buy Zoom Video stock....
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