SoftBank posts $8.9 billion loss due to Uber and WeWork, ‘My investment judgment was poor,’ SoftBank’s Son says
SoftBank reported its first quarterly loss in 14 years on Wednesday. The company announced it […]
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Unicorn startup WeWork secures $5 billion in new financing package with SoftBank taking 80% ownership of the company
We’ve been reporting about WeWork for about a month now. Today, WeWork announced it […]
SoftBank takes over WeWork as founder and former CEO Adam Neumann walks away with $1.7 billion
We’ve been following WeWork saga for about three weeks now. Just as we reported […]
SoftBank to take control of struggling real estate startup WeWork at less than $8 billion valuation
As CB Insights wrote in one of its newsletters, startup valuation means very little. […]
We Don’t Work: WeWork to lay off a ‘QUARTER’ of its 12,500 employees after company fires CEO Adam Neumann and cancels IPO
Maybe it’s time for WeWork to change its name to WeDontWork. WeWork is planning to […]
Embattled office-sharing unicorn startup WeWork withdraws its IPO filing
Last week, we reported how WeWork failed to file its IPO after several attempts at […]
WeWork in talks to acquire software startup SpaceIQ as it pushes into software ahead of IPO; report says
WeWork, a platform that transforms buildings into dynamic environments for creativity, focus, and collaboration, […]
WeWork closes new $6 billion investment from Japan’s SoftBank; rebrands as The We Company
As we reported this morning, Japan’s SoftBank has invested another $2 billion in WeWork, […]
WeWork competitor Swivel raises $4.75 million seed round to grow its platform, expand into new cities, and hire new staff
WeWork made the news this week when the unicorn startup, currently valued at ~$20 […]
WeWork is buying China’s co-working startup Naked Hub for $400 million
The New York-based unicorn startup, WeWork, is acquiring a fellow Chinese co-working startup, Naked […]
WeWork acquires digital marketing startup Conductor to expand its core business
In a move that WeWork is looking to diversify its core business of renting […]
SoftBank delivers blowout quarter as Vision Fund gains $3.96 billion amid bold AI pivot and high-stakes tech bets
Earlier this year, SoftBank made a $1 billion bet on artificial intelligence (AI), teaming […]
Sovereign wealth fuels AI boom as Middle Eastern funds pour billions into the hottest AI startups
The mainstream adoption of artificial intelligence (AI) has skyrocketed since ChatGPT’s launch two years […]
Andreessen Horowitz raises $7.2 billion for new venture funds to invest in late-stage tech startups
In a sign of resurgence in the tech startup scene, renowned venture capital firm […]
OpenAI releases email from Elon Musk about turning the company into a “for-profit” entity amid ongoing lawsuit
Elon Musk made headlines last week after filing a lawsuit against OpenAI and Sam […]
VCs are sitting on top of a $300 billion pile of cash even as startups struggle to raise funding
In the world of venture capital, there’s a famous saying that goes, “Nothing ventured, […]
Meetup acquired by Milan-based startup Bending Spoons
Meetup, the popular NYC-based social event platform that connects people through local groups and […]
SmileDirectClub, a telehealth startup once valued at $8.9 billion, shuts down after bankruptcy
SmileDirectClub has become the latest casualty in what some are calling a startup Mass […]
SoftBank acquires a majority stake in connected-vehicle startup Cubic Telecom with $514 million investment
SoftBank Corp is investing a massive $514 million (approx. 473 million euros) in Dublin-based […]
Zeus Living, a real estate startup backed by Airbnb, is shutting down after raising $150M in total funding
With the well of venture funding running dry due to the global economic downturn, […]