WeWork

A SPAC set to take Donald Trump’s media company public has been linked to troubles with finances and difficulties finalizing its merger. A filing reveals the company changed its mailing address and it could provide a hint of financial troubles. What Happened: Digital World Acquisition...

Before the coronavirus pandemic, community-based products, wherein the community is the product or the community enhances the product, were not as hot of a topic. That’s according to Canada native Greg Isenberg, who, for nearly 10 years before the onset of the pandemic, was building...

This weekend's Barron's cover story examines why investors should be wary of Bitcoin exchange-traded funds. Other featured articles discuss how to find opportunities in preferred stocks and which utilities now look undervalued. Also, see the prospects for a natural gas play, an...

Flexible shared workspace provider WeWork has announced it would accept payment in select cryptocurrencies, according to a press release. What Happened:  The company, which is located in over 120 cities worldwide, has plans to “expand its flexibility” by utilizing...

It was another busy week for the SPAC market with numerous deal announcements and rumored deals. Benzinga's "SPACs Attack" covered the deals and news of the week. Here is our weekly look back. SPAC Deals Iconic trading card company Topps is going public again with a SPAC deal...

It was another busy week for the SPAC market with numerous deal announcements and rumored deals. Benzinga's "SPACs Attack" covered the deals and news of the week. Here is a look back at the announced deals, rumors and some top headlines. SPAC Deals Redwire Space, a space...

WeWork will make its public debut on the stock market via a SPAC deal with Bowx Acquisition Corp (NASDAQ: BOWX) at a time when the office space sharing company is starting to see improving trends. 'Pretty Optimistic': It might seem unusual for WeWork to make its public debut at a time when...

SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF)-backed shared office provider, WeWork has decided to go public via special-purpose acquisition company (SPAC) merger with BowX Acquisition Corp (NASDAQ: BOWX), almost two years after its failed traditional initial...

WeWork’s co-founder Adam Neumann is set to benefit from a $50 million bonanza along with other benefits as a part of a settlement agreement with SoftBank Group Corp (OTC: SFTBY), the Wall Street Journal reported Wednesday. What Happened: SoftBank will give the former WeWork CEO a $50 million...

Former WeWork co-founder and CEO Adam Neumann is working towards the legal tussle settlement with SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY). Neumann is reportedly close to agreeing at a roughly $500 million cut in his payout from less than 18 months of its IPO...

SoftBank Group Corp (OTC: SFTBY) is planning to launch two more SPACs. What Happened: The two SPACs aim to raise a total of $550 million in their IPOs, Reuters reported, citing regulatory filings. SVF Investment Corp 2 would offer 20 million shares and warrants, and SVF Investment Corp 3 would...

SoftBank Group Corp (OTC: SFTBY)-owned WeWork is selling a majority of the stake in its Chinese unit to existing investors, Reuters reported early Thursday. What Happened: The investors led by venture capital firm Trustbridge Partners are making a 200 million follow-on investment in the...

SoftBank Group Corp (OTC: SFTBY) posted $12 billion in first-quarter profit Monday, compared with a loss of nearly $13 billion in the same period a year ago. Results Beat Expectations:  This was 71.4% above the $7 billion S&P Global Market Intelligence had forecasted, Financial Times...

The chairman of WeWork, Marcelo Claure, said that the co-working space company was on the verge of being profitable in 2021 after carrying out extensive cost-cutting measures. What Happened In an interview with the Financial Times on Sunday, Claure disclosed that after the company...

IWG Plc. (OTC: IWGFF), formerly known as Regus, a flexible workspace firm has taken over rival WeWork’s Hong Kong office space in an expansion drive.  What Happened IWG took over an office located at Hysan Place in Hong Kong that was vacated by WeWork as a part of its retrenchment...