wework WeWork Founder Resigns Amid Collapsing IPO Plans WeWork CEO Adam Neumann steps down from his leadership role as the company's highly anticipated public offering faces severe delays. The dramatic shift follows intense investor criticism over the shared-office giant's governance and massive financial losses.
wework WeWork Ousts Adam Neumann as CEO Ahead of Troubled IPO WeWork co-founder Adam Neumann steps down as CEO amid intense scrutiny over his behavior and corporate governance, transitioning to a non-executive chairman role. SoftBank reportedly enforces this leadership change to salvage the company's struggling initial public offering.
wework WeWork Board Pressures Neumann to Step Down as SoftBank Pushes for New Leadership WeWork board members, led by SoftBank, reportedly pressure CEO Adam Neumann to step down and become non-executive chairman to salvage the company's planned IPO.
peloton How Clever Product Design Makes Peloton An Exercise Trap Peloton eliminates the typical friction of working out through clever design choices that physically lock users into their exercise routine. The company plans to raise $1.16 billion in its public debut as it dominates the connected fitness market.
oil prices Global Oil Prices Surge as Drone Attacks Disable Saudi Facilities Drone strikes on major Saudi oil plants cut global crude production by five percent, triggering the largest single-day price spike in years. Saudi officials draw on reserves while considering delays to the historic Aramco IPO.
wework WeWork Delays IPO Amid Investor Pushback Over Valuation The We Company officially delays its highly anticipated initial public offering as Wall Street investors reject its steep valuation and questionable corporate governance.
credit sesame Profitable Fintech Credit Sesame Raises $43M Ahead of Planned IPO Credit Sesame secures $43 million in funding to enhance its AI algorithms as it prepares for a public listing. The profitable credit management platform aims to reach a $1 billion valuation before its IPO.
smiledirectclub Teeth-Straightening Startup SmileDirectClub Seeks Public Listing Amid Regulatory Scrutiny SmileDirectClub files for an IPO to raise up to $100 million as it rapidly grows its at-home aligner business. The company faces significant pushback from dental associations over its telehealth treatment model.
cloudflare Cloudflare Seeks Public Listing With Strong Revenue Growth Cloudflare officially files for an IPO on the New York Stock Exchange under the ticker symbol "NET," showcasing impressive revenue growth despite ongoing net losses. The web infrastructure company also acknowledges political controversies involving extremist clients as a significant business risk.
postmates Postmates Prepares to Go Public Amid Fierce Food Delivery Competition Postmates plans to release its IPO paperwork in September, aiming for a stock market debut by the end of the third quarter. The delivery company moves forward with its public offering despite ongoing industry consolidation and fierce competition from Uber and DoorDash.
proterra Electric Bus Maker Proterra Nears Unicorn Status With New Funding Round Proterra authorizes a $75 million funding round that pushes its valuation past $1 billion. The electric bus manufacturer also expands its business by selling battery systems to commercial truck makers.
uber Uber Posts Record $5.2 Billion Loss as Growth Slows Uber reports a massive $5.2 billion second-quarter loss, its largest ever, while revenue growth slows to just 14 percent. The disappointing earnings cause the company's stock to plummet more than 11 percent.
uber Uber Posts Record Quarterly Loss as Expenses Outpace Revenue Growth Uber reports its largest quarterly loss in company history, driven by significant stock-based compensation costs following its recent IPO. The ride-hailing giant continues to prioritize growth over immediate profitability.
slack Slack Bypasses Traditional IPO With $15.6 Billion Direct Listing Slack lists its shares on the New York Stock Exchange through a direct offering rather than a traditional IPO, achieving a $15.6 billion valuation.
slack Workplace Chat Giant Slack Surges 48% in Historic Direct Listing Debut Slack bypasses traditional IPO methods to launch directly on the NYSE, seeing its stock jump nearly 50 percent and pushing its market cap past $20 billion.