Posts filtered by tags: Neumann[x]


 

cargo.one gets $18.6M to take its air freight booking platform over the pond

Berlin -based cargo.one, which runs a marketplace for booking air freight, has closed an $18.6 million Series A round of funding led by Index Ventures. Next47 and prior backers Creandum, Lufthansa Cargo and Point Nine Capital also participated in the round, along with a number of angel investors — including Tom Stafford of DST Global and Carlos Gonzalez-Cadenas (COO of GoCardless and former Chief Product Officer of Skyscanner). The August 2017-founded startup says it’s seen bookings rise ...
Tags: Asia, Europe, Berlin, Americas, Tech, Portugal, Airlines, North America, DST Global, Index Ventures, Neumann, Tom Stafford, Martin Mignot, Lufthansa Cargo, Mignot, Creandum Lufthansa Cargo and Point Nine Capital


WeWork is looking to pull off a huge turnaround. Here's the latest on key enterprise deals at the coworking giant.

WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as CEO and chairman. Real-estate veteran Sandeep Mathrani started as CEO in February. WeWork Chairman Marcelo Claure told the Financial Times earlier this month that the company was on track to be cash-flow positive in 2021, thanks to aggressive cost cutting and a boost in demand from companies seeking flexible office arrangements because of the pandemic.  Mean...
Tags: Google, UK, New York, Stanford, Softbank, New York City, US, Trends, Kanye West, Italy, Manhattan, Brookfield, Ibm, Silicon Valley, Goldman Sachs, WeWork


Rakuten will not renew its contract with WeWork, says report

Japanese e-commerce giant Rakuten has decided not to renew its contract with WeWork when it expires next month, according to a report in the Japan Times. Rakuten had leased about 700 desks in Tokyo, but is now planning to move employees from its fintech division into its own new offices. Both WeWork and Rakuten declined to comment to TechCrunch. Tokyo is also the headquarters of WeWork’s biggest investor SoftBank, which took ownership of the coworking startup last October as part of a bail...
Tags: Travel, Startups, TC, Asia, Japan, Softbank, Tokyo, WeWork, Techcrunch Tokyo, Rakuten, Financial Times, Neumann, Adam Neumann, Japan Times, Marcelo Claure, SoftBank Group


WeWork cofounder Adam Neumann is selling off more real estate after losing his billionaire status. Here's how the ousted CEO has spent his fortune, which once amounted to as much as $14 billion.

WeWork cofounder Adam Neumann lost his billionaire status in April, according to Bloomberg. The ousted CEO is now worth between $450 million and $750 million, based on estimates from Forbes and Bloomberg. Neumann has spent over $80 million on at least five homes since he founded WeWork in 2010, but now he's selling off several of his properties. Before WeWork's failed IPO, Neumann was worth as much as $14 billion, according to Bloomberg, but his fortune dwindled after WeWork's botched IPO and ...
Tags: Softbank, New York City, Israel, Trends, Bloomberg, Manhattan, WeWork, Wall Street Journal, Hamptons, Forbes, San Francisco Bay Area, Neumann, East Village, Greenwich Village, Adam Neumann, Rebekah


The Station: Summer of the SPAC, Adam Neumann returns and the Nissan Ariya debuts

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. The dog days of summer are almost upon us. Technically, we won’t enter this period until July 22. In normal times, vacation season would be well underway and the hit song of the summer would be ...
Tags: Apple, Energy, Transportation, Uber, Hong Kong, Europe, Japan, Elon Musk, UK, California, China, Israel, Global, San Francisco, Tech, Atlanta


Netflix will restart production in India ‘later this year’

“Parts of the world like India and some of Latin America are also more challenging and we are hoping to restart later in the year in these regions,” Reed Hastings, co-CEO said in his letter to shareholders. Bigger cities in India like Mumbai, where the majority of Bollywood productions are shot, continue to have thousands of new COVID-19 cases a day. “Outside of North America, parts of India and Brazil, we’re running pretty much in a normal fashion in terms of our volume around the world, and it...
Tags: Travel, Apple, Amazon, News, India, US, Netflix, Asia Pacific, Brazil, Earnings, North America, Mumbai, Ted Sarandos, Latin America, Reed Hastings, Hastings


Two former South Korea WeWorkers just launched a real-estate tech startup. Here's a look at the growing network of WeWork alumni founding and funding new companies.

WeWork alumni are founding and investing in new companies after stints at the office giant.  One VC who's backed them said these entrepreneurs dream big but stay focused, drawing on lessons learned the hard way at WeWork.  The former head of WeWork South Korea just started a local real-estate company to make buying and renting homes easier, and he raised a pre-seed round largely from WeWork alumni.   Visit Business Insider's homepage for more stories. Matt Shampine and Jesse Middleton's chanc...
Tags: Asia, South Korea, New York, Boston, Softbank, New York City, US, Trends, Bloomberg, Paypal, Ibm, WeWork, Max Levchin, Seoul, Zillow, Middleton


Adam Neumann is back in the shared economy business with an investment in GoTo Global

Adam Neumann, the controversial co-founder and former CEO of WeWork, has taken a 33% equity stake in GoTo Global, a shared mobility company that operates in Israel and Malta and aims to expand into Europe later this year. Neumann’s family office, 166 2nd Financial Services, invested $10 million into GoTo Global, as part of a $19 million Series B round. As part of his investment, Neumann will be able to appoint one board member on his behalf. Existing shareholder Shagrir Group Vehicle Servi...
Tags: TC, Transportation, Europe, Israel, Tech, Automotive, United States, WeWork, Madrid, Malta, Neumann, Adam Neumann, SoftBank Group, Shagrir, 2nd Financial Services, GoTo Global


WeWork is looking to pull off a huge turnaround. Here's the latest on exec moves and key enterprise deals at the coworking giant.

WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as CEO and chairman. Real-estate veteran Sandeep Mathrani started as CEO in February. In April, investor SoftBank backed out of its plan to buy $3 billion worth of WeWork shares, including nearly $1 billion from Neumann. You can read our stories by subscribing to Business Insider. Here's everything we know about what's going on inside WeWork: Latest news W...
Tags: Google, UK, New York, Stanford, Softbank, New York City, US, Trends, Kanye West, Italy, Manhattan, Brookfield, Ibm, Silicon Valley, Goldman Sachs, Ufc


WeWork’s chairman says it expects to have positive cash flow in 2021

After aggressive cost-cutting measures, including mass layoffs and selling several of its businesses, WeWork’s chairman expects the company to have positive cash flow in 2021. Marcelo Claure, who became WeWork’s chairman after co-founder Adam Neumann resigned as chief executive officer last fall, told the Financial Times that the co-working space startup is on target to meet its goal, set in February, of reaching operating profitability by the end of next year. Claure is also chief operating ...
Tags: TC, Real Estate, Softbank, Tech, Sprint, Financial, WeWork, Financial Times, Cnbc, Neumann, Adam Neumann, Claure, Marcelo Claure, SoftBank Group, SoftBank Vision Fund, Flatiron School Teem


WeWork Founder Warned Staff in 2016: 'You Do Not Get a Chance Like This Again'

To many of its employees, WeWork was much more than a job. Adam Neumann, the co-founder and former chief executive officer, kept workers motivated by invoking a higher calling to community-building and promising a once-in-a-lifetime opportunity. From a report: "None of us want to look back and say, 'I could have done more,'" Neumann said in a 2016 staff meeting, captured in hours of tape obtained by Bloomberg. "That's not acceptable. You do not get a chance like this again." In this episode of F...
Tags: New York, Tech, Bloomberg, Quinn, Neumann, Adam Neumann, WeWork Founder Warned Staff, Cody Quinn


WeWork's infamous private jet is still for sale 9 months later — with a new discounted price of $49.9 million

WeWork puts its $60 million jet up for sale in 2019 following the company's failed IPO bid.  The luxurious Gulfstream G650 is now for sale for $49.9 million online — a 16% discount. The plane was a particularly salient example of the company's exorbitant spending, employees told Business Insider at the time.  Visit Business Insider's homepage for more stories. WeWork isn't finding any buyers for its luxurious private jet 9 months after deciding to put it up for sale. The 2018 Gulfstream G650 ...
Tags: Israel, Trends, WeWork, Wall Street Journal, Business Insider, Neumann, Adam Neumann, International Aircraft Dealers Association


WeWork is grappling with a fresh setback after the pandemic emptied offices. Here's the latest on job cuts and executive departures.

WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as CEO and chairman. Real-estate veteran Sandeep Mathrani started as CEO in February. In April, investor SoftBank backed out of its plan to buy $3 billion worth of WeWork shares, including nearly $1 billion from Neumann. WeWork's US head of real estate has departed. And IBM is leaving a big WeWork office it rents in New York City. You can read our stories by s...
Tags: Google, UK, New York, Stanford, Softbank, New York City, US, America, Trends, Kanye West, Italy, Brookfield, Ibm, Silicon Valley, Goldman Sachs, WeWork


Jasmin Joyce: Wales & GB Sevens player joins Bristol as Neumann moves to Sale

Wales wing Jasmine Joyce has rejoined Bristol Bears Women and international team-mate Lisa Neumann has switched clubs by moving to Sale Sharks.
Tags: News, Wales, Bristol, Neumann, Jasmine Joyce, Jasmin Joyce, Bristol Bears Women, Lisa Neumann


Jasmine Joyce: Wales & GB Sevens player joins Bristol as Neumann moves to Sale

Wales wing Jasmine Joyce rejoins Bristol Bears Women and international team-mate Lisa Neumann has switched clubs by moving to Sale Sharks.
Tags: News, Wales, Bristol, Neumann, Jasmine Joyce, Bristol Bears Women, Lisa Neumann


WeWork contempla terminar negocio de vivienda compartida

(Bloomberg) -- WeWork está explorando terminar con su impulso hacia la vida comunitaria, según personas con conocimiento del asunto.La compañía de oficinas compartidas con sede en Nueva York está trabajando con un asesor y está manteniendo conversaciones sobre la entrega de operaciones de su ubicación WeLive en Crystal City, cerca de Washington DC, dijo una de las personas, quien pidió el anonimato porque las conversaciones son privadas. También está deliberando opciones para su segunda ubicació...
Tags: News, US, San Francisco, Bloomberg, WeWork, Seattle, Neumann, Adam Neumann, Nueva York, Crystal City cerca de Washington DC, Nueva York dijo una de ellas Las


Meet Masayoshi Son, the Japanese billionaire with a $16 billion personal fortune whose SoftBank mega-fund just pledged to invest $100 million in entrepreneurs of color

SoftBank is launching a $100 million "Opportunity Growth Fund" to invest in entrepreneurs of color as protests over racial injustice sweep the globe, the company announced Wednesday. The Japanese conglomerate has invested millions in some of Silicon Valley's biggest tech companies, including Uber, WeWork, Slack, and DoorDash. SoftBank's founder and CEO is Masayoshi Son. Son is the third-richest person in Japan after Uniqlo founder Tadashi Yanai and Keyence founder Takemitsu Takizaki. He owns $...
Tags: Japan, Microsoft, Minneapolis, Saudi Arabia, Softbank, US, San Francisco, Trends, Bloomberg, United States, New York Times, Alibaba, Sharp, Tokyo, Silicon Valley, WeWork


WeWork's other founder, Miguel McKelvey, is leaving the embattled office company — and his job as chief culture officer won't be replaced

WeWork cofounder Miguel McKelvey is leaving the embattled office company at the end of the month, he told staff in an email on Friday. The architect has held a variety of roles at WeWork, most recently chief culture officer.  McKelvey, who's been living in London, did not announce his next move.  He departs at a tumultuous time for the office company, which is dealing with lawsuits and the pandemic. For more WeWork stories, click here. WeWork cofounder Miguel McKelvey, who rallied the office ...
Tags: London, Softbank, New York City, Israel, US, Trends, Ibm, WeWork, Miguel, Signal, Business Insider, Jpmorgan, Neumann, Adam Neumann, US Canada, Claure


WeWork is grappling with a fresh setback after the pandemic emptied offices. Here's the latest on job cuts, financials, and executive departures.

WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as CEO and chairman. Real-estate veteran Sandeep Mathrani started as CEO in February, replacing Artie Minson and Sebastian Gunningham, who served as co-CEOs since Neumann was ousted. In April, investor SoftBank backed out of its plan to buy $3 billion worth of WeWork shares, including nearly $1 billion from Neumann. Two of WeWork's board members then sued the ...
Tags: Google, UK, Stanford, Wall Street, Softbank, New York City, US, America, Trends, Kanye West, Italy, Brookfield, Ibm, Silicon Valley, Goldman Sachs, WeWork


IBM is ditching a big WeWork office in NYC, revealing the risks of the popular flex-space model as the pandemic prompts Blue Chip companies to rethink real estate

Computing giant IBM is leaving a large location it leases in Manhattan from WeWork.  The exit is a blow for the flexible-workspace giant, which has been struggling with growing vacancies amid the coronavirus crisis.  It is also a setback for WeWork, which had held up its close relationship with IBM as an example of how its spaces could appeal to Fortune 500 companies as well as startups and entrepreneurs.  The departure highlights the risks in the flexible-workspace industry that have been lai...
Tags: Facebook, Mark Zuckerberg, UK, London, NYC, Ipo, New York City, Trends, Chicago, Manhattan, Ibm, WeWork, Signal, Neumann, Shelton, Adam Neumann


WeWork is grappling with a fresh setback after the pandemic emptied offices. Here's the latest on job cuts, financials, and legal battles.

WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as CEO and chairman. Real-estate veteran Sandeep Mathrani started as CEO in February, replacing Artie Minson and Sebastian Gunningham, who served as co-CEOs since Neumann was ousted. In April, investor SoftBank backed out of its plan to buy $3 billion worth of WeWork shares, including nearly $1 billion from Neumann. Two of WeWork's board members then sued the ...
Tags: Google, UK, Stanford, Wall Street, Softbank, New York City, US, America, Trends, Kanye West, Italy, Brookfield, Ibm, Silicon Valley, Goldman Sachs, WeWork


IBM is ditching a big WeWork office it has been renting in NYC — showing risks for the flex-space model as the pandemic prompts big companies to rethink real-estate needs

Computing giant IBM is leaving a large location it leases in Manhattan from WeWork.  The exit is a blow for the flexible-workspace giant, which has been struggling with growing vacancies amid the coronavirus crisis.  It is also a setback for WeWork, which had held up its close relationship with IBM as an example of how its spaces could appeal to Fortune 500 companies as well as startups and entrepreneurs.  The departure highlights the risks in the flexible-workspace industry that have been lai...
Tags: Facebook, Mark Zuckerberg, UK, London, NYC, Ipo, New York City, Trends, Chicago, Manhattan, Ibm, WeWork, Signal, Neumann, Shelton, Adam Neumann


WeWork is set to vote on adding 2 new independent board members after big investors suing SoftBank unsuccessfully tried to stop it

WeWork's board is set to vote on Friday to add two temporary independent directors to the SoftBank-controlled board.  The duo, who bring deep business and legal expertise, would decide whether the current lawsuit against SoftBank can continue.  A pair of current board members – the only non-SoftBank-affiliated directors – contested the additions in court on Wednesday, arguing that the process would hurt WeWork's minority shareholders.  The dispute stems from SoftBank's April decision to pull t...
Tags: Ge, Softbank, New York City, Trends, Ibm, WeWork, Signal, Lehman Brothers, Jpmorgan, Company, Neumann, Frankfort, Adam Neumann, Delaware Court of Chancery, Marcelo Claure, Benchmark Capital


IBM is leaving a big WeWork office it rents in New York City — adding another vacancy into the flex-space market as blue-chip companies rethink real-estate needs

Computing giant IBM is leaving a large location it leases in Manhattan from WeWork.  The exit is a blow for the flexible-workspace giant, which has been struggling with growing vacancies amid the coronavirus crisis.  It is also a setback for WeWork, which had held up its close relationship with IBM as an example of how its spaces could appeal to Fortune 500 companies as well as startups and entrepreneurs.  The departure highlights the risks in the flexible-workspace industry that have been lai...
Tags: Facebook, Mark Zuckerberg, UK, London, NYC, Ipo, New York City, Trends, Chicago, Manhattan, Ibm, WeWork, Signal, Neumann, Shelton, Adam Neumann


Comment on valerie’s french chocolate cake by Ariela

In reply to Abbey Neumann. I had to read it twice, too, but now i’m sure that in the text she’s describing a two-step adaption process that ends in 1/3c flour. Original: 1c flour, no cocoa — total 1c Intermediate: 2/3c flour, no cocoa — total 2/3c. Final: 1/3c flour, 1/3c cocoa — total 2/3c So the amount in the ingredients is correctly 1/3c. Go for it!
Tags: Food, Neumann, Ariela


WeWork Wants a Rent Break. Its Customers Do, Too.

Some who rent space from the troubled company say it has not been generous with them even as it seeks concessions from building owners.
Tags: News, WeWork, Landlords, Co-working, Neumann, Adam, Company Reports, Stocks and Bonds, Computers and the Internet, SOFTBANK Corporation, Renting and Leasing (Real Estate, Shutdowns (Institutional, Real Estate (Commercial, WeWork Companies Inc, Coronavirus (2019-nCoV


Leaked data shows the WeWork stakes that 10 big investors are stuck with — and how JPMorgan wanted to cash out $356 million from the struggling coworking giant

Investors wanted to cut their stake in WeWork by $5 billion via a sale to SoftBank in a tender offer announced in October and canceled last month, according to figures seen by Business Insider and people with knowledge of the orders.  The top 10 sellers accounted for almost $3 billion of that total, the figures show. Adam Neumann, Benchmark Capital, JPMorgan, DAG Ventures, and T. Rowe Price were the biggest sellers.  The amount they wanted to sell got cut down since the size of the tender was ...
Tags: Softbank, US, Trends, Palo Alto, Fidelity, Silicon Valley, Goldman Sachs, WeWork, Wall Street Journal, Signal, Jpmorgan, Neumann, Adam Neumann, Rowe, T Rowe Price, DAG Ventures


The coronavirus is the latest setback for WeWork. Here's what it means for the coworking giant's staff, landlords, and investors.

WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as CEO and chairman. New CEO real-estate veteran Sandeep Mathrani started in February, replacing Artie Minson and Sebastian Gunningham, who served as co-CEOs since Neumann was ousted. In April, investor SoftBank backed out of its plan to buy $3 billion worth of WeWork shares, including nearly $1 billion from Neumann. Two of WeWork's board members then sued the...
Tags: Google, UK, Stanford, Wall Street, Softbank, US, America, Trends, Kanye West, Italy, Brookfield, Silicon Valley, Goldman Sachs, WeWork, Taylor, Publicis


10 investors were lined up to sell $2 billion in WeWork stock before SoftBank pulled the plug. Leaked data shows who's most at risk if the coworking giant can't stop its skid.

Investors wanted to cut their stake in WeWork by $5 billion via a sale to SoftBank in a tender offer announced in October and canceled last month, according to figures seen by Business Insider and people with knowledge of the orders.  The top 10 sellers accounted for almost $3 billion of that total, the figures show. Adam Neumann, Benchmark Capital, JPMorgan, DAG Ventures, and T. Rowe Price were the biggest sellers.  The amount they wanted to sell got cut down since the size of the tender was ...
Tags: Softbank, US, Trends, Palo Alto, Fidelity, Silicon Valley, Goldman Sachs, WeWork, Wall Street Journal, Signal, Jpmorgan, Neumann, Adam Neumann, Rowe, T Rowe Price, DAG Ventures


AI Drives Innovators To Build Entirely New Semiconductors

"AI has ushered in a new golden age of semiconductor innovation," reports Forbes: For most of the history of computing, the prevailing chip architecture has been the CPU, or central processing unit... But while CPUs' key advantage is versatility, today's leading AI techniques demand a very specific — and intensive — set of computations. Deep learning entails the iterative execution of millions or billions of relatively simple multiplication and addition steps... CPUs process computations sequent...
Tags: Tech, Alibaba, Gartner, Nvidia, Silicon Valley, Gpu, Neumann, Alan Kay, Lightmatter, Groq, Mark Hung, Google Amazon Tesla Facebook