We’re still picking through the wreckage left behind from WeWork’s IPO debacle here at Business Insider.
First off, Julie Bort and Meghan Morris talked to 20 current and former WeWork employees, executives, and business partners, and unveiled fresh details on life at the company under former CEO Adam Neumann. They reported on an atmosphere in which boundaries between work and play did not exist. You can read their story here:
(If you’re interested in how Meghan and Julie went about reporting this story, you can read this Q&A with Meghan.)
WeWork’s methods in delivering outsized growth under Neumann are now facing fresh scrutiny. Troy Wolverton, Meghan, and Alex Nicoll reported that in some cases, WeWork offered deep discounts to convince existing customers to move in to its new locations as it went on a growth binge:
Following the excesses of the Neumann era, WeWork’s two new co-CEOs, Artie Minson and Sebastian Gunningham, are trying to clamp down on costs. Meghan teamed up with Becky Peterson to report that WeWork’s planning on shedding up to a quarter of its staff:
Meanwhile, there’s a broader question of whether WeWork’s failed IPO somehow marks the top. Venture capitalists like Bill Gurley and Fred Wilson have weighed in from Silicon Valley. As Marley Jay reports, the view from Wall Street is less favorable:
And then there’s the question of what’s next for Neumann himself. Dakin Campbell reported Friday that Neumann is in talks with banks about getting new terms on a credit line:
What have we missed? Let me know.
Ashley Rodriguez reported Friday on exclusive data which suggests Netflix’s international growth has bounced back, a story that triggered a spike in Netflix’s stock price. The data has a solid track record: Ashley previously reported that in the second quarter the data suggested that Netflix was faltering overseas, just before the streaming giant announced it underperformed on subscriber growth in all regions internationally.
Earlier in the week, Bradley Saacks and Casey Sullivan had the scoop on Silicon Valley cybersecurity company FireEye hiring Goldman Sachs for a potential sale. That too sent FireEye’s stock surging.
Prime members had exclusive access to these market moving stories.
We’re hosting an event focused on the future of transportation in San Francisco on Tuesday, October 22. IGNITION: Transportation will feature speakers like Zoox cofounder Jesse Levinson, Waymo chief external officer Tekedra N. Mawakana, and JetBlue Technology Ventures president Bonny Simi.
The event is complimentary. You can get more information on the event and apply to attend right here.
Cannabis companies have been going public, merging, and acquiring competitors in a race for a competitive edge as cannabis legalization continues to sweep the globe.
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Technically speaking, Pat Gelsinger retired in 2009.
Once a quarter, Justin Stefano and Philippe von Borries would gather Refinery29’s staff to celebrate victories and share the goals of their women’s lifestyle media company.
For investors like private-equity firms, medicine is an increasingly lucrative target. The trend has aroused concerns among doctors, who worry that it is affecting patient care.
When it comes to data, Genentech has its eyes out for all types.
Elon Musk founded neural tech company Neuralink in 2016. This year the company showcased the technology it’s developing — a chip connected to wires which fan out into the human brain, capable of both recording brain activity and stimulating it. Musk has extolled the technology saying it could be used for people with neural conditions...
Most cyber-attacks target people who haven’t taken basic precautions to secure their accounts, making them “low-hanging fruit” to potential hackers. Changing passwords frequently, limiting the information you share online, and being clever with your personalized security questions can help secure your accounts. Visit Business Insider’s homepage for more stories. It’s impossible to predict whether you’ll...