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WeWork Would Be Valued at $7.5-$8 Billion in SoftBank Deal

By
Carleton English
· · Source: The Wall Street Journal

SoftBank, the company largely responsible for WeWork attaining a lofty valuation, might soon find itself the owner of the cash-burning company that had to abandon its bid to go public. SoftBank has proposed taking control of WeWork in a deal that would value the beleaguered co-working company at a fraction of its value when the Japanese conglomerate last invested in January. But JPMorgan is...

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Photo by Bloomberg.
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Photo by Bloomberg.
e-commerce amazon
Amazon’s No-Fly Zone: Drone Delivery Largely Grounded Despite Splashy Launch
By Theo Wayt
Amazon in December announced with great fanfare that, after nearly a decade of work, it had finally launched drone delivery in the U.S., in two towns in California and Texas.
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Photos via Adept Labs, Edmund Hillary Fellowship, Gantry ML, KIT Gründerschmiede, Sci Founders, Shutterstock, Stanford University, University of Central Florida, UC Irvine, UC Berkeley and YouTube.
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Snap CEO Evan Spiegel. Photo by Getty Images.
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Art by Shane Burke. Photo by Bloomberg
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