WeWork’s troubles are writing a cautionary tale that could fill a book on corporate finance and startup investing lessons. The latest chapter is on what happens when startup investors are paid in stock when their companies are acquired by other private companies. WeWork paid for some of its recent acquisitions partially in stock at a per-share price that assumed WeWork was worth $47 billion. Now...
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The Questions Around Snap’s TikTok Clone After Top Exec Resigns

After eight years at the company, Snap’s senior vice president of content and partnerships, Ben Schwerin, is departing to join Coatue Management as a general partner, my colleague Kate reported. Schwerin helped lead Snap’s Spotlight, the app’s TikTok clone launched at the end of 2020. His replacement will face the task of maintaining Spotlight’s growth as other rivals, such as Instagram’s...
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