A giant company once valued at more than $70bn has had a spectacular fall from grace and is on the brink of bankruptcy.Co-founded by Adam Neumann, Rebekah Paltrow and Miguel McKelvey, WeWork was launched in New York in 2010, originally catering to freelancers, start-ups and small businesses wanting to work in a millennial-styled collaborative space – think beanbag chairs and free beer on tap – before expanding its offering to larger businesses.
But in a statement on October 2, WeWork CEO David Tolley said that the company had missed interest payments owed to its bondholders and entered a 30-day grace period to make the payments.
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Adelaide Software Company Energy Exemplar Signs $1.6 Billion Sale to Private Equity HeavyweightsUnder-the-radar Adelaide software company Energy Exemplar has surprised the market by signing a $1.6 billion sale to a pair of private equity heavyweights. The company, known for its energy system modelling software tool Plexos, has gained international attention and is used by players in the energy market to simulate and predict supply and demand scenarios.
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Google CEO says his company has improved the internet for everyoneAs Sundar Pichai tells it, the tech giant has always been on the side of consumers as it paid billions of dollars to Apple and Samsung to make Google’s internet search engine the default option on their devices.
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Google CEO says his company has improved the internet for everyoneAs Sundar Pichai tells it, the tech giant has always been on the side of consumers as it paid billions of dollars to Apple and Samsung to make Google’s internet search engine the default option on their devices.
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Google CEO says his company has improved the internet for everyoneAs Sundar Pichai tells it, the tech giant has always been on the side of consumers as it paid billions of dollars to Apple and Samsung to make Google’s internet search engine the default option on their devices.
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