Public companies are accustomed to shareholder lawsuits if their stock drops. WeWork, still private, is facing one now—from a former employee—after a huge valuation hit and a cancelled IPO. The former employee, Natalie Sojka, filed a class-action lawsuit in a California court this week. It alleged the company’s payments to former CEO Adam Neumann and the price at which SoftBank plans purchase...
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The Briefing Enterprise Markets
Twitter’s New CEO Gets Thumbs-Down From Wall Street
It seems Jack Dorsey’s abrupt departure as CEO of Twitter was welcome news to the company’s long-suffering shareholders—until it wasn’t. A 10% uplift in Twitter shares that was triggered by the initial headline evaporated shortly after Twitter identified his successor as Chief Technology Officer Parag Agrawal. Talk about going from the devil you know to the one you don’t! Twitter shares ended...
China’s Government Proposes Rules to Protect Ride-Hailing Drivers’ Rights
Hashicorp Sets Pricing Range Valuing it at $13.5 Billion
Clearlake Capital Group Acquiring Quest Software for $5.4 Billion
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