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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Amazon’s No-Fly Zone: Drone Delivery Largely Grounded Despite Splashy Launch
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. But by mid-January, Amazon Prime Air had made deliveries to fewer than 10 houses, according to people who worked on the project. Despite what Amazon has said publicly about regulatory approvals for the drone effort, the...
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