SoftBank’s Masayoshi Son Is ‘Embarrassed’ By Record
SoftBank Group Corp.’s Masayoshi Son says he is unhappy with how far short his accomplishments to date have fallen of his goals. “The results still have a long way to go and that makes me embarrassed and impatient,” Son said in an interview with Nikkei Business. “I used to envy the scale of the markets in the U.S. and China, but now you see red-hot growth companies coming out of small markets like in Southeast Asia. There is just no excuse for entrepreneurs in Japan, myself included.”Son built a $13.
WeWork has published a "90-day game plan," which includes divesting itself of its non - core businesses and internal layoffs. Here are the businesses that WeWork says it is going to get rid of. One is a company that makes wave pools . Conductor, a digital marketing platform.
The company had failed to excite investors who raised concerns about its burgeoning losses and a business model that involves taking WeWork will now focus on its enterprise customers, instead of small and mid-sized businesses which include start-ups. WeWork to divest all non - core businesses .
Earlier this week, SoftBank’sthat it was a mistake to have invested in WeWork, and shared a “simple” three step plan to turn around the company, which included dumping side businesses that aren’t profitable. Well, it seems like that might be happening soon, as WeWork has published a “90-day game plan” that divests itself of those non-core businesses and includes internal layoffs, as first .
Here are the businesses that WeWork says it is going to get rid of. One is a company that makes wave pools.
- , a digital marketing platform
- , which makes software to help office teams hire service providers
- , which helps people meet up for various activites
- , which makes software that helps companies manage physical workspaces
- , which makes conference room booking technology
- , which builds wave pools with “game-changing artificial wave technology”
- , which makes co-working and community spaces for women
Here’s the full, if you want to read it yourself. It seems the company’s new focus will be its core business of selling shared office space — though apparently targeted more toward enterprises, which make up 43 percent of the company’s “total memberships” right now.
New Facebook logo arrives as its 'family' grows
Facebook on Monday unveiled a new logo to represent the Silicon Valley company, distinct from its core social network. The move aims to highlight the Facebook "brand" which operates a range of apps and services including messaging, photo-sharing, virtual reality and is developing wallets for digital currency. The move aims to highlight the Facebook "brand" which operates a range of apps and services including messaging, photo-sharing, virtual reality and is developing wallets for digital currency.
In an investor presentation dated Oct. 11, but made public on Friday, the company said the non - core businesses being divested include Meetup, The Wing, and Space IQ. WeWork in September withdrew its initial public offering after the SoftBank-backed startup ousted founder Adam Neumann
Nov 8- The We Company , owner of office-space sharing company WeWork , disclosed on Friday it will divest all non - core businesses and reduce headcount across its ventures as part WeWork will now focus on its enterprise customers, instead of small and mid-sized businesses which include start-ups.
Don’t miss this slide, which throws some serious shade atAdam Neumann’s attempts to expand WeWork from 2017 until now:
Some WeWork employees seem to be anticipating the layoffs, as this week, a group calling themselves the WeWorkers Coalitionto company management demanding to be part of decision-making at the company and more transparency and accountability from the company. Marcelo Claure, the new exec chairman at WeWork, apparently responded, but “did not acknowledge the workers’ request for a meeting,” .
The first page of WeWork’s investor deck is dated October 11th, so assuming the clock starting ticking then, the deadline for the completion of the “game plan” is Saturday, January 9th.
These 11 startups will be part of the WeWork-Washington state maritime accelerator program .
A healthcare provider for mariners, a maker of electric outboard motors and a shipping logistics startup. These are just a few members of the cohort of startups chosen for WeWork’s Washington state maritime accelerator program.© Provided by Geekwire WeWork’s newest location in Seattle’s Ballard neighborhood has a maritime theme. (WeWork Photo) First announced in October, the program aims to establish the region as a hub of innovation for maritime technology while also making the industry more environmentally friendly.