Well-known South African technology entrepreneur Stafford Masie, who was appointed as GM of WeWork South Africa last year, joins the podcast to talk about Covid-19, WeWork, the CSIR and more.
The tech bubble is popping, but not in the way anyone expected. After years of fretting that free-spending start-ups with unrealistic valuations would bring down the start-up economy on its own, a global pandemic is doing it in instead.
WeWork says it doesn’t expect to hit its 2020 financial targets as it grapples with the coronavirus outbreak.
SoftBank Group told shareholders of WeWork that it could withdraw from an agreement to buy $3-billion of stock in the co-working business, casting doubt on a deal that had been set to close in about two weeks.
SoftBank’s bad year goes well beyond WeWork. Investors are starting to get the feeling that whatever Masayoshi Son brings to the public is troubled.
Masayoshi Son struck a defiant tone after his SoftBank Group reported an enormous loss from investments in money-losing startups WeWork and Uber Technologies.
In a remarkable fall from grace, the office-sharing company that Adam Neumann co-founded in 2010, the one he promised would elevate the world’s consciousness, is no longer his.
After a 17-month hiatus, the sixth season of HBO’s Silicon Valley premieres on Sunday night in the US. The show is at the very top of its game after an uneven run.
WeWork is considering a bailout that will hand control of the co-working giant to SoftBank Group, according to a person familiar with the matter.
WeWork’s plan to go public, in one of the largest stock offerings of the year, has hit a wall. Now the company will see whether sacrificing its divisive leader can save a crucial fundraising effort.