Morning and happy Thursday. There’s plenty of big news from the tech world, so let’s go. 1. Ousted WeWork founder sues investor WeWork co-founder Adam Neumann is suing the company biggest backer, SoftBank, for failing to buy US$3 billion worth of WeWork stock from the former CEO and other shareholders, claiming the Japanese investor… Read more »
It’s Friday and major stuff’s happening. Like. 1. Airbnb will audit houses after Vice exposed a massive scam After 11 years in business, a US$35 valuation and hopes for an IPO, the normally aloof house sharing platform Airbnb is actually going to take more than a casual glance at what’s going on with the… Read more »
The transformation of CBD offices into co-working spaces by the likes of WeWork and JustCo has lured solo entrepreneurs out of cafes, creating new demand, with room for plenty more in Australia, according to a senior real estate executive. Kevin George, executive general manager of office, at ASX-listed real estate investment trust Dexus, said the… Read more »
Adam Neumann ‘got on the last helicopter out of Saigon’: a business school professor’s brutal WeWork analysis
US co-sharing office startup WeWork had a valuation of $47 billion as it moved towards an IPO in August Founder Adam Neumann stepped down as CEO amid growing concern about his behaviour and the company’s viability and the IPO was withdrawn A long time critic says the company looks set to lose thousands of… Read more »
There’s a small detail in an Australian coworking space report that should chill potential WeWork investors
Plans for a multi-billion-dollar IPO of US coworking space company WeWork appear to be teetering on the edge amid questions about founder Adam Neumann and a plunge in the value of the company and reports that Softbank, the biggest investor, is pushing for a delay in the float. In trying to ascertain the value of the… Read more »
US-based office space startup WeWork released its prospectus publicly overnight. The IPO documents reveal the company is a long way from profitability and does not predict when it will be in the black. It lost AU$2.4 billion in 2018. The 10-year-old venture has 20 sites in Australia, half of them in Sydney. It is… Read more »
REA Group has partnered with global shared workspace company, WeWork, to bring collaborative workspaces to Australians. The relationship will see WeWork’s Australian listings advertised across leading REA Group owned and operated commercial property sites, Spacely and realcommercial.com.au.
WeWork has continued its Australian expansion, today officially opening its first Brisbane location, with the likes of Deliveroo and Zomato already moved in.
Samsung is inspiring Australians to take the leap with Days of Note, a month-long series of tailored workshops and events championing productivity, innovation, and creativity.
The proportion of female founders has grown from 23.5 percent in 2016 to 25.4 percent this year, while 37 percent of future founders identified as female.
Fintech investment firm H2 Ventures has announced that it will be running its second Sydney Startup Weekend next week at WeWork’s space in Pyrmont.
US coworking giant WeWork has today opened its first Australian premises in Martin Place in Sydney, offering desks from $850 a month.