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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The Briefing
Where Social Media’s GameStop Surge Could Lead: The Information’s Tech Briefing
There’s no doubt the current stock market hysteria over GameStop and the like will come to a bloody end. The real question is whether the craziness, fueled by social media sites like Reddit and Discord and stock trading app Robinhood, leads those companies to clamp down on stock debate or trading. Media post-mortems are sure to blame those companies—which reportedly also include...
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