softbank SoftBank Grabs Control of WeWork in Drastic $8 Billion Rescue Deal SoftBank takes over the struggling co-working giant WeWork with a multi-billion dollar investment that slashes its valuation from $47 billion to just $7.5 billion.
wework WeWork Co-Founder Neumann Considers Selling Properties to Settle Massive Loan Former WeWork CEO Adam Neumann faces a financial crunch as he works with major banks to restructure a $500 million personal loan. With the company's IPO canceled, he may have to use his extensive real estate portfolio as collateral.
salesforce Salesforce Founder Benioff Warns Startups Stay Private Too Long Marc Benioff argues that delayed IPOs allow bad governance to fester at private companies like WeWork and Uber. He also calls for a national privacy law and declares that traditional capitalism is dead.
peloton Peloton Stock Drops 11% in Disappointing Market Debut Peloton shares fall below their initial pricing on the first day of trading, marking the second worst unicorn debut of the year. The digital fitness company faces investor skepticism amid broader struggles for unprofitable tech IPOs.
peloton Peloton Prices IPO at Top of Range, Reaches $8 Billion Valuation Fitness company Peloton prices its initial public offering at $29 per share, aiming to raise $1.16 billion. The company reports massive revenue growth as it prepares to trade on the Nasdaq.
wework WeWork Faces Massive Layoffs as CEO Neumann Steps Down WeWork braces for significant layoffs after co-founder Adam Neumann steps down as CEO and relinquishes his supervoting power. The dramatic leadership change leaves the struggling startup and its major investor, SoftBank, facing massive financial losses.
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.