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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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...
Ant Group Plans Major Revamp Amid Beijing’s Pressure
Didi Raises $300 Million for Autonomous Driving Unit
Apple Sees Revenue Boom From iPhone, China Sales
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