WeWork has wiped away about 94% of its value in less than a year, its largest outside shareholder said. SoftBank told investors Monday it marked down its investment in WeWork to $2.9 billion, down from the $47 billion mark at which it was valued on paper a year ago. It’s also a 63% drop from the most recent SoftBank disclosure last quarter. The company’s declining value is a further indictment...
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The Weekend culture policy
Ban It, Divest It or Regulate It? Washington Looks for an Answer to TikTok
Hi, welcome to your Weekend!Interesting dinner table discussion this week: My 13-year-old daughter, hearing about Nancy Scola’s cover story on TikTok’s war in Washington, offered her prediction for what would happen if the U.S. took the drastic step of banning the app.“Every teenager in America would refuse to come out of their rooms,” she said. “They’d be so mad. They just wouldn’t go out...
Amazon Fresh Hikes Grocery Delivery Fees
Shopify CTO Departs Following Layoffs of Technical Leaders
Bankrupt Online Wine Seller Winc Finds Buyer For Assets
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