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Tesla is desi and pricey; WeWork gets D-Street permitTesla (finally) entering India does not do much for the masses, and that’s all according to plan. This and more in today's ETtech Top 5.- ETtech Explained: WeWork's downfall from $47 billion valuation to bankruptcyThe startup opened its first location in New York City, in April 2011. It focused on leasing office space, rather than buying.
- WeWork China will not participate in WeWork's strategic reorganisation"Any operating conditions of WeWork in other regions around the world will not have any impact on WeWork China," it added.
- WeWork’s plan to go public unlikely to hit India opsJust like in China and Japan, the office space company’s operations in India are franchised to third parties.
- Adam Neumann's final WeWork act: helping SoftBank's SPAC dealNeumann also stands to benefit from the SPAC deal as he still has a roughly 10% stake in WeWork, worth around $790 million.
- India is an important market for WeWork, CEO Sandeep MathraniNew York-based co-working startup WeWork, under its new CEO, expects to turn profitable globally by 2021.
- WeWork sells control of China unit, says it got $200 million fundingWeWork shelved its initial public offering in 2019 after investors grew wary of its losses, business model and corporate governance, leadin...
- Netflix signs deal with WeWork for Mumbai spaceThe transaction for 8,860 square feet, for about 320 seats, was signed on June 30, people aware of the deal said. It will be used to execut...
- Oyo’s Ritesh Agarwal says failures of WeWork changed everythingIt is not as if the signs of trouble for the hotel chain have only started now. Trouble had been brewing at Oyo even before the Coronavirus...
- WeWork directors sue SoftBank over decision to abandon dealIn a message to shareholders last month, SoftBank cited nearly a half-dozen conditions that WeWork officials hadn’t met as the basis for pu...
- Another 5 billion reasons to walk away from WeWorkCo-working spaces are anathema to the wave of social distancing that’s sweeping the world. Many of WeWork’s clients are freelancers or star...
- SoftBank lays ground to abandon $3 bln WeWork tender offerIn a notice to WeWork shareholders, SoftBank cited ongoing investigations into WeWork's business by the U.S. Securities and Exchange Commis...
- Coronavirus impact: Co-working space companies take coverIndian arm of WeWork, which has shut around 100 of its coworking buildings in China over virus worries, has issued advisory to its members ...
- SoftBank’s Son defiant as WeWork triggers $6.5 billion lossSoftBank recorded an operating loss of 704.4 billion yen ($6.5 billion) after writedowns in WeWork and other investments, the Japanese comp...
- One neat trick turns WeWork into a winnerAs part of the package, SoftBank’s Chief Operating Officer Marcelo Claure will become executive chairman of WeWork’s board. The board will ...
- Adam Neumann’s era of excess and eccentricity is over at WeWorkNeumann will walk away with as much as $1.2 billion as well as a $500 million credit line from SoftBank.
- SoftBank’s damage From Uber, WeWork could exceed $5 billionUber’s share price drop was the main culprit for Vision Fund’s poor performance in the second quarter.
- A brief history of WeWork, the flying startup facing turbulenceSept. 5: WeWork is said to consider a valuation between $20 and $30 billion in its IPO, according to people familiar with the matter.
- WeWork plans to double co-working space in 2019The company currently operates 3 million sq ft office space across Bengaluru, Mumbai and Gurgaon.
- WeWork expands WeWork Labs in India to drive growth for early-stage startupsWeWork, which launched the initiative earlier this year globally, has expanded the offering to its co-working spaces in countries like the ...
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