SoftBank settles WeWork lawsuit; Adam Neumann exits with windfall
The pact announced Friday ends a legal fight over a stock transaction that collapsed and eliminates the need for a March 4 trial in the U.S.
Firms in Japan's sharing economy turn virus crisis into opportunity
Observers say their small workforces and limited equipment and facilities have allowed such companies to exercise flexibility in their efforts to survive.
Airbnb files confidentially for IPO as travel begins to rebound
The company began seeing signs of recovery in June, with bookings down only 30 percent.
SoftBank to dispatch executives to help stricken Oyo
Cuts in Japan by the online hotel operator come as it adapts to a much smaller tourism industry in the wake of the coronavirus pandemic.
Fearing germs on steering wheels, Japanese shun car-sharing
With people being asked to stay at home, car rental services took a hit across the country.
Businesses providing cowork spaces or private lodgings have seen a sharp decline in demand, but other businesses such as delivery services are thriving.
Uber’s job cuts and office closures reflect narrowing ambitions
As recently as this year, the company was promising to usher in a self-driving revolution and popularize flying cars.
Some WeWork staff planned their lives around a stock deal that just collapsed
Teddy Kramer worked at WeWork from 2013 to 2015. When he left the company, he had been a director of new market development, helping the coworking startup open new offices in different regions. He’d put in the time and been granted shares in the ...
SoftBank Group Corp. is scrapping an agreement to spend $3 billion (¥322 billion) to buy WeWork stock from former CEO Adam Neumann and other shareholders, despite threats of legal action from some members of the company’s board. SoftBank had agreed to buy the shares from ...
SoftBank’s big bet on sharing economy backfires with coronavirus
Masayoshi Son has been among the most fervent believers in the sharing economy, investing billions in startups that help people split the use of cars, rooms and offices. But as the coronavirus curtails unnecessary human interaction, it’s hammering such businesses and rattling the foundations of ...
