Trends - WeWork - Business Recorder

WeWork

SoftBank’s WeWork, once most valuable US startup, succumbs to bankruptcy

WeWork, the SoftBank Group -backed startup whose meteoric rise and fall reshaped the office sector globally, sought...

Published 07 Nov, 2023 10:13am

Business & Finance

WeWork to exit 40 US locations to cut costs, revenue outlook disappoints

WeWork Inc said on Thursday it will exit about 40 locations across the United States and forecast current-quarter...

Published 10 Nov, 2022 06:01pm

Life & Style

US small-screen series explore the drama of startups

NEW YORK: As the founders of massive startups like Theranos, WeWork and Uber fall from grace, their failures have...

Published 14 Mar, 2022 06:00am

Business & Finance

WeWork rival IWG reviews separating its digital and technology assets

NEW YORK: Office rental company IWG is considering whether to separate its digital and technology businesses from ...

Published 03 Nov, 2021 03:54am

Business & Finance

WeWork to begin accepting payments in cryptocurrencies

WeWork is the latest in a string of popular companies to announce plans to incorporate cryptocurrencies in their businesses.
Visa Inc said last month it would allow payment settlements using cryptocurrency while PayPal Holdings Inc launched a crypto checkout service on March 30.

Published 20 Apr, 2021 05:59pm

Business & Finance

WeWork to go public with $9bn valuation

NEW YORK: WeWork announced on Friday it plans to enter public markets through a merger transaction that raises $1.3...

Published 30 Mar, 2021 05:45am

Business & Finance

Adam Neumann's final WeWork act: helping SoftBank's SPAC deal

Neumann was locked in a fierce legal battle at the time with SoftBank over a $3 billion deal for a portion of his and other investors' stake in the office space-sharing company.
Ranadivé's SPAC had been looking for an acquisition target after raising $420 million in an IPO in August.

Published 29 Mar, 2021 07:04pm

Business & Finance

WeWork takes SPAC route to go public in $9bn deal

It marks a steep drop from the $47 billion that WeWork was valued for a listing in 2019, ahead of a botched listing plan that imploded due to investor concerns over its business model and its founder Adam Neumann's management style.
The startup told prospective investors it lost about $3.2 billion last year as part of a pitch for a stock market listing by merging with a special purpose acquisition company.

Published 26 Mar, 2021 06:15pm

Markets

Tokyo stocks open higher after rout

Mizuho Financial Group was up 0.80 percent at 1,571.5 yen after the banking group said it had restored its ATM and online services.

Published 01 Mar, 2021 11:00am

Business & Finance

SoftBank reaches deal with WeWork

TOKYO: Internet investor SoftBank Group said Saturday it reached a settlement with WeWork co-founder Adam Neumann ...

Published 28 Feb, 2021 04:55am

Business & Finance

SoftBank reaches settlement with former WeWork CEO Neumann

SoftBank, the new owner of the office-sharing firm, did not disclose terms of the settlement. Media reports earlier this week indicated the deal includes a nearly $500 million cut in Neumann’s payout from SoftBank.

Published 27 Feb, 2021 10:43am

Business & Finance

SoftBank's Son hails 'golden eggs' as Vision Fund rallies

Reported unrealised gain of $10.7 bln in Doordash.
Almost half of VF1 portfolio listed or exited.
SB Northstar reported $2.7 bln derivative loss.
Unit's stakes include TSMC ADRs.

Updated 08 Feb, 2021 10:01pm

Technology

WeWork in talks to go public through SPAC deal

"We will continue to explore opportunities that help us move closer towards our goals," it added.

Published 29 Jan, 2021 11:47am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.16
USD PKR Interbank Buying / Nov 21	277.96
USD to Japanese Yen / Nov 21	154.53
USD to Swiss Franc / Nov 21	0.89
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
India Sensex / Nov 21	77,155.79
Tokyo Nikkei / Nov 21	38,026.17
Nasdaq / Nov 21	18,972.42
Hang Seng / Nov 21	19,601.11
FTSE 100 / Nov 21	8,149.27
Dow Jones / Nov 21	43,870.35
Germany DAX 30 / Nov 21	19,146.17

Item	Value
Crude Oil USD/Barrel / Nov 21	70.18
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,669.46
Cotton US¢/pound / Nov 21	70.43
Petrol/Litre / Nov 22	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▼ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▼ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▲ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▲ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	95,563,962 ▲ 0.00
Pace (Pak) Ltd. / Nov 22 Pace (Pakistan) Limited(PACE)	51,499,190 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	48,260,119 ▲ 0.00
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	44,585,332 ▲ 0.00
Treet Battery / Nov 22 Treet Battery Limited(TBL)	42,849,466 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	41,650,133 ▲ 0.00
PIA Holding Co.Ltd / Nov 22 PIA Holding Company Limited(PIAHCLA)	33,841,692 ▲ 0.00
Fauji Foods Ltd / Nov 22 Fauji Foods Limited(FFL)	25,303,681 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	25,120,112 ▲ 0.00

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