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WEWORK CLOSURE
Flexible workspace sector sees steady growth on multi-city deals, rising demandIndian flexible workspace companies are seeing robust revenue growth and better profits. This is due to strong demand from large businesses...- AI Impact Summit: Beyond the optics, where is the 'foundational' capital?Welcome to a new edition of Full Stack. This is the place where you’ll find unfiltered commentary on all things technology. Please keep the...
- Weakening markets signal final call for startup listingsNew-age companies eyeing a trip to Dalal Street this year are wary of the recent stock market slump. In a shift from the optimism at the be...
- Tata-Wistron deal complete; InCred to join unicorn club with new fundingIndia’s salt-to-software conglomerate Tata Group will now make iPhones after it completed its acquisition of Wistron on Wednesday. This and...
- 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's future: What to know after the company sounds the alarm on its ability to stay in businessOn Friday, the company announced that it would be moving forward with a 1-for-40 reverse stock split in a bid to maintain its listing on th...
- WeWork to exit 40 US locations to cut costs, revenue outlook disappointsWeWork has been working to curb its real estate footprint and reduce headcount as it grapples with long-term lease obligations that stood a...
- Facebook-backed Meesho nears $250 million funding from SoftBank Vision Fund, othersThe funding round may double Meesho's valuation to $2 billion — propelling the Facebook-backed startup into the coveted unicorn club.
- The job cuts keep coming at WeWorkAfter this week’s cuts, WeWork will terminate more jobs over the next month. The company also plans to permanently shutter its on-demand ef...
- Tokyo shares end near 8-week high, track Wall Street gains on virus drug hopesThe benchmark Nikkei average advanced 2.6 per cent to 20,193.69, its highest closing level since March 9.
- Nikkei ends higher for third session as Tokyo emergency triggers short-coveringThe Nikkei share average closed 2.13 per cent firmer at 19,353.24, edging near its March 25 high of 19,564, while the broader Topix gained ...
- Nikkei hits 3-1/2-year low as panic outweighs stimulus; REITs collapseThe Nikkei average rose as much as 2.6 per cent at one point but closed down 1.04 per cent at 16,552.83.
- SoftBank-backed Brandless shutters less than 2 years after investmentThe closure marks an embarrassing failure for SoftBank, which is struggling with other investments made by its $100 billion tech fund, incl...
- SoftBank's Paytm top-up to come with ridersIf an IPO doesn't take place in 5 years, then SoftBank will have the right to sell its stake to a rival.
- Twitter, TrustBridge help ShareChat close $100 million roundFirm plans to use funds to hire tech talent; may set up centre in Silicon Valley.
- Nexus Venture Partners joins others to book a spot at Zolo for Rs 26 croreZoloStays chief executive Nikhil Sikri said that the less-than-two-year-old venture will use the proceeds towards expansion and to further ...
- Startup India: Silicon Valley investors pitch for easier normsAs the government readies an action plan for startups, an investors' body today sought tax incentives on investments and easier norms.
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