WeWork’s planned IPO is looking increasingly shaky. The Wall Street Journal reported Sunday that WeWork’s parent company, We Co., is aiming for a valuation of under $20 billion when it goes public, down from the $23 billion range being discussed recently. What’s more, some investors are worried enough about weak demand that they are urging the company to call off the IPO entirely. On Monday,...
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Bill Ready’s Pinterest Turnaround Plan Is Expensive
Pinterest on Monday gave us an updated view into its new CEO Bill Ready’s strategy to revitalize the company. It’s an expensive plan, leading to such a spike in spending that profit fell a whopping 90%. And Pinterest, similar to Meta Platforms, is forecasting revenue that’s barely growing, thanks to a downturn in digital ad demand. But Ready can point to one big win: Pinterest’s once-sinking...
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