Office sharing startup WeWork paid 80% of April and May rent but wants to pay it all, CEO says

WeWork lost $3.2 billion last year, according to documents shown to prospective investors by the office-sharing startup as apart of a pitch for $1 billion in investment and a stock market listing, the Financial Times reported on Monday......»»

WeWork co-founder Adam Neumann filed a lawsuit against Japan's SoftBank Group Corp and its Vision Fund on Monday for terminating a $3 billion tender offer to the office-sharing startup's shareholders......»»

SoftBank Group forecast a for the fiscal year ended in March, adding $1.4 billion to its prediction from just two weeks ago because of deeper difficulties at the office-sharing startup The Japanese... To view the full story, click the title link......»»

SoftBank Group forecast a for the fiscal year ended in March, adding $1.4 billion to its prediction from just two weeks ago because of deeper difficulties at the office-sharing startup The Japanese... To view the full story, click the title link......»»

A special committee of WeWork board members on Monday rejected an assertion by SoftBank Group Corp that it does not have authority to represent the interests of minority shareholders of the office-sharing startup......»»

A special committee of WeWork board members on Monday rejected an assertion by SoftBank Group Corp that it does not have authority to represent the interests of minority shareholders of the office-sharing startup......»»

The special committee on the board of The We Company, which operates office-sharing startup WeWork, filed a lawsuit against its largest shareholder SoftBank Group Corp on Tuesday, challenging its decision to terminate a $3-billion tender offer......»»

Office-sharing startup WeWork on Thursday named Shyam Gidumal, a former Ernst & Young executive, as its new chief operating officer in the first major executive appointment under new head Sandeep Mathrani......»»

Office sharing startup WeWork on Tuesday brought forward its target for becoming free cash flow positive by a year to 2022 and said it expects to post its first ever $1-billion revenue quarter this year......»»

Office sharing startup WeWork has temporarily closed 100 buildings in China due to the coronavirus outbreak, Chairman Marcelo Claure said in a CNBC interview on Monday......»»

Softbank-backed WeWork named real estate industry veteran Sandeep Mathrani as its new chief executive, tasking him with turning around the embattled office-sharing startup after its botched attempt to go public last year......»»

WeWork has sold its minority stake in the female-focused coworking startup The Wing, part of parent company We Co.’s efforts to refocus on its main office-sharing business. The company had been... To view the full story, click the title link......»»

Reuters Embattled office-sharing startup WeWork confirmed on Thursday that it had cut 2,400 jobs in a round of layoffs following its failed IPO attempt. Multiple sources told Business.....»»

WeWork is in talks with T-Mobile US Inc. Chief Executive John Legere to take over leadership of the troubled office-sharing startup. According to The Wall Street Journal, citing unnamed sources, WeWork is looking for a new leader who could join a.....»»

WeWork's Japan unit can become profitable "in the near future", the Japanese partner of the U.S. office-space sharing startup said on Tuesday, amid investor scepticism over its path to profitability......»»

Fidelity Investments cut the value of Contrafund's stake in WeWork Companies Inc by 35% in September amid turmoil surrounding the office-sharing startup's failed initial public offering (IPO)......»»

Office-sharing startup WeWork is planning to cut as many as 4,000 jobs as a part of a turnaround plan put in place by top shareholder Japan's SoftBank Group after it took control of the company this week, Financial Times reported on Wednesday......»»

As WeWork, the beleaguered office-sharing startup, prepares to fire thousands of rank-and-file staff to cut costs, its board has agreed on severance packages for its co-CEOs if they leave, according to people with knowledge of the matter......»»

As WeWork, the beleaguered office-sharing startup, prepares to fire thousands of rank-and-file staff to cut costs, its board has agreed on severance packages for its co-CEOs if they leave, according to people with knowledge of the matter......»»

SoftBank Group Corp's financial strains escalated on Wednesday as it agreed to spend more than $10 billion to take over office-space sharing startup WeWork, knocking the Japanese tech conglomerate's already weakened shares......»»