WeWork - updates

Rappler's latest stories on WeWork


SoftBank Group reports $8.9 billion annual net loss

May 18, 2020 - 2:54 PM

In a press release, Softbank says its investment businesses – particularly its huge SoftBank Vision Fund – had been 'adversely affected' by the global health crisis caused by the coronavirus

SOFTBANK FALTERS. This picture taken on November 23, 2018 shows people walking in front of a shop of Japan's telecoms giant SoftBank in Tokyo. File photo by Kazuhiro Nogi/AFP

SoftBank Group confirms multibillion-dollar bailout deal for WeWork

Oct 23, 2019 - 12:10 PM

(UPDATED) SoftBank, which already held 29% of WeWork, will increase its stake to "approximately 80%", but says this did not constitute taking control of the firm

WEWORK. In this file photo taken on September 13, 2019 a WeWork office facility stands in Photo by Drew Angerer/Getty Images North America/AFP

WeWork to withdraw IPO as it enters austerity mode

Oct 01, 2019 - 6:15 PM

WeWork co-CEOs Artie Minson and Sebastian Gunningham say the company will focus on its core business for now

COWORKING. People walk out of the coworking space WeWork in the Williamsburg neighborhood in Brooklyn, New York City, on March 26, 2019. Photo by Spencer Platt/Getty Images/AFP

Embattled WeWork CEO Neumann stepping down

Sep 25, 2019 - 4:55 PM

'In recent weeks, the scrutiny directed toward me has become a significant distraction,' says WeWork co-founder Adam Neumann

NEW YORK, NY - MAY 15: Co-Founder and CEO of WeWork Adam Neumann onstage during TechCrunch Disrupt NY 2017 at Pier 36 on May 15, 2017 in New York City. Noam Galai/Getty Images for TechCrunch/AFP

WeWork shakes up commercial real estate – like it or not

Jul 21, 2019 - 9:05 PM

Brushing aside questions about its business model, WeWork shows no signs of slowing down and is now preparing for its Wall Street debut

NEW YORK, NEW YORK - MARCH 26: People walk out of the co-working space WeWork in the Williamsburg neighborhood in Brooklyn on March 26, 2019 in New York City. WeWork, which lets freelancers and other non-traditional workers to become members in a shared or flexible office space, has expanded globally over the last year but continues to suffer large losses. While in 2018 WeWork saw a more than doubling of its sales to $1.82 billion from a year earlier, the companys losses over that same period also more than doubled to $1.93 billion. Spencer Platt/Getty Images/AFP

Megaworld-WeWork deal seen to draw more foreign firms to Philippines

Mar 06, 2019 - 10:01 PM

Coworking firm WeWork can attract foreign companies looking to set up shop in the Philippines, says Megaworld

Photo from Megaworld

Can an 'Airbnb for offices' fly in Southeast Asia?

Mar 28, 2016 - 9:00 AM

FlySpaces connects small businesses with short term work spaces riding on the global coworking trend and giving entrepreneurs flexibility and savings in the process

'Coworking' grows amid search for new office lifestyle

Feb 14, 2016 - 6:40 PM

More and more people are sharing office space with others who work in different fields

TO GO WITH AFP STORY BY ISABELLE TOURNE People work on July 31, 2014 at "La Ruche", a unusual coworking space in the heart of Paris, where young social entrepreneurs come to break their solitude and seek advice from peers, taking advantage of a collaborative work to complete their individual projects. AFP PHOTO / PIERRE ANDRIEU / AFP / PIERRE ANDRIEU