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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Sales of Bud Light’s parent company tumble further seven months after Mulvaney partnershipAnheuser-Busch InBev on Tuesday reported a staggering 13.5% decline in U.S. revenue in the third quarter as the company's Bud Light brand continues to suffer in the country after a controversial partnership with transgender activist Dylan Mulvaney in the spring.
مصدر: SkyNewsAust - 🏆 7. / 78 اقرأ أكثر »
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.
مصدر: FinancialReview - 🏆 2. / 90 اقرأ أكثر »
Founder of Collapsed Cryptocurrency Company FTX Takes Stand in Fraud TrialSam Bankman-Fried, the founder of FTX, faces intense questioning from the prosecution team during his fraud trial. Bankman-Fried was arrested in 2022, following FTX's bankruptcy filing.
مصدر: SkyNewsAust - 🏆 7. / 78 اقرأ أكثر »
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.
مصدر: smh - 🏆 6. / 80 اقرأ أكثر »
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.
مصدر: theage - 🏆 8. / 77 اقرأ أكثر »
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.
مصدر: brisbanetimes - 🏆 13. / 67 اقرأ أكثر »