WeWork, Its Valuation Plummeting, Will Postpone Its IPOValued at $47 billion in January, the startup recently received a valuation of just $15 billion—or maybe even less.
WeWork Cuts Power of Founder Adam Neumann to Get Its IPO Back on TrackThe company will change its high-vote stock from 20 votes to 10 votes a share, and no member of Neumann’s family will sit on the board.
WeWork's Latest Idea to Save Its Troubled IPO: Major Governance ChangesBoth of its lead financial advisers — JPMorgan and Goldman Sachs — reportedly have concerns about proceeding with an IPO that could value the company as low as $15 billion.
WeWork Considers Slashing Its IPO Valuation Below $20 BillionIt’s a remarkable comedown for WeWork, the signature grandiose-dreaming, money-chewing startup of these financial times.
Hudson's Bay Is Selling Lord & Taylor to Fashion Rental Service Le ToteLe Tote will operate 38 Lord & Taylor stores, and Hudson's gets a 25% stake in the business.
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