T-Mobile USA boss John Legere to step down as he denies Wework rumours November 18, 2019 John Legere will step down from his role as chief executive of T-Mobile in the US next year, and will be replaced by current chief operating officer Mike Sievert. The departure of the outspoken telecoms boss comes amid frantic speculation that he could be linked with the top job at Wework. However, Legere has since [...]
Wework bond tumbles on delay to stock market float September 17, 2019 Wework’s bond price has fallen sharply following the company’s decision to push back its troubled initial public offering (IPO). The coworking company last night said it had postponed its float until the end of the year after a cold response from investors forced the firm to slash its valuation target in half. Read more: Wework: [...]
Workspace hub Knotel thinks it’s solved Wework’s business model problems September 26, 2019 Wework’s ill-fated initial public offering (IPO) will have only a “limited” impact on the fortunes of flexible workspace rival Knotel, the firm’s boss has said. Tom Dugarin, Knotel’s UK general manager, played down concerns about Wework’s troubled listing, saying his company had a more sustainable business model. Read more: Wework rival Knotel expands London presence [...]
Wework IPO: Is the coworking giant still working for investors? September 17, 2019 Wework today revealed it will push back plans for its closely-watched initial public offering (IPO) after more and more investors gave the coworking giant the cold shoulder. Parent group We Company has been hampered by cooling investor appetite and has even reportedly slashed its planned valuation in half to $20bn (£16bn) in a bid to [...]
Private Equity vs venture capital: Opposite investment mindsets November 16, 2020 Private equity (PE) and venture capital (VC) firms have the same goal: maximising returns. Yet PE buyout and VC early-stage funds go about it in very different ways. Many prospective investors fail to appreciate that the two most popular alternative asset classes adopt often directly opposing methods to drive performance. VC’s deliberate diversification In asset [...]
Hiring remains subdued amid uncertainty November 8, 2019 Hiring activity remained subdued last month as employers held tight amid the current Brexit uncertainty, according to a new report. Permanent staff appointments fell solidly at the start of the fourth quarter, with many employers choosing to cancel or postpone hiring until there was greater clarity over the outlook. Read more: Can business models like [...]
Society doesn’t need any more unicorns December 5, 2019 In 2016, an American healthtech startup named Theranos completed what would be its final funding round, raising a jaw dropping $700m in investment. Just two years later, the company collapsed after a sensational scandal. The story of Theranos is bizarre. At one point, its paper valuation exceeded $9bn, and when the scandal broke, its founder [...]
Here’s everything you’ll need to avoid Tube troubles during today’s Central line strike February 22, 2017 You may have heard there's going to be a Tube strike tonight. It's going ahead from 9pm tonight until 9pm tomorrow, Wednesday 22 February and is set to cause significant disruption to the Central and Waterloo & City Lines (with likely knock-on effects elsewhere too). So to prepare for the trouble, here's everything you'll need [...]