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Mar 26, 2024
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adam neumann trying to buy we work for 500 million u.s. dollars.xplain. >> adam neumann former ceo of we work, left the company after taking it to dizzying heights. evaluation thought to be close to 50 billion at one point now the company is bankrupt. adam neumann very good salesperson has a lot of respect from some investors in silicon valley. willing to look past some of the missteps. very invested in this spiritual idea of we work. it's saying we are back. ed: my goodness. it did so with $19 billion of liability. i think there are many questions many more than answers right now. do we have a sense of how adam neumann is going to finance this, his plan for we work version 2.0, whatever version it is now. >> i think there are basically two options. the core of their business was pretty straightforward. finding offices, signing leases and dividing them up and reselling them. part of what happened here is they expanded to quickly. adam neumann was like a master of hype and got ahead of his skis. there's a version of this where the bankruptcy proceed
adam neumann trying to buy we work for 500 million u.s. dollars.xplain. >> adam neumann former ceo of we work, left the company after taking it to dizzying heights. evaluation thought to be close to 50 billion at one point now the company is bankrupt. adam neumann very good salesperson has a lot of respect from some investors in silicon valley. willing to look past some of the missteps. very invested in this spiritual idea of we work. it's saying we are back. ed: my goodness. it did so...
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Mar 26, 2024
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silvana. >> frank, good morning wework founder and former ceo adam neumann submitted a bid in excess00 million to acquire wework out of bankruptcy sources tell cnbc, however, the offer could go as high as $900 million pending due diligence. this comes weeks after it emerged neumann had interest in taking back the company he was ousted from five years ago. >>> citigroup is in the last phase of the sweeping overhaul to simplify the structure and reduce head count and improve performance. according to the memo reviewed by reuters, the final and largest round of job cuts and staffing moves will be communicated to staff this week. citi has reduced its work force by 5,000 since september. >>> and florida governor ron desantis signed a bill to prohibit people from under the age of 18 to have a social media account. social media companies will be required to close all accounts believed to be used by those under the new age restriction, frank. >> interesting story there silvana, thank you >>> turning attention now to the big money movers we start with the meme stock that we were familiar with
silvana. >> frank, good morning wework founder and former ceo adam neumann submitted a bid in excess00 million to acquire wework out of bankruptcy sources tell cnbc, however, the offer could go as high as $900 million pending due diligence. this comes weeks after it emerged neumann had interest in taking back the company he was ousted from five years ago. >>> citigroup is in the last phase of the sweeping overhaul to simplify the structure and reduce head count and improve...
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Mar 26, 2024
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adam neumann has reportedly moved to buy the trouble for sharing company, we work.se to $50 billion. it filed for bankruptcy in the us last november. in the last hour, sri lanka's central bank has decided to lower interest rates by 50 basis points. now it is trying to steer the country out of its with debt. the inflation rate has eased to around 6% but the economy still faces issues in the months ahead, the economy still faces many challenges. says ganeshan wignaraja from global think tank odi. the economy's indeed recovering. inflation is down to about 6% and the exchange rate is around 300 rupees to the us dollar. and there is also foreign reserves — extra 2.5 billion and tourism numbers are up. this is really due to decisive measures by the wickremesinghe government, with indian and the imf programme, but there is growth that is needed for the economy to come out of this crisis and to be able to pay off its debts — and exports are also needed and that's the big challenge going forward. the president says he expects the country to make a full recovery byjune this
adam neumann has reportedly moved to buy the trouble for sharing company, we work.se to $50 billion. it filed for bankruptcy in the us last november. in the last hour, sri lanka's central bank has decided to lower interest rates by 50 basis points. now it is trying to steer the country out of its with debt. the inflation rate has eased to around 6% but the economy still faces issues in the months ahead, the economy still faces many challenges. says ganeshan wignaraja from global think tank odi....
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Mar 26, 2024
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wework co—founder adam neumann has reportedly moved to buy the troubled office—sharing company.for the firm. that is it for now. goodbye. hello from the bbc sport centre. it'll be a nerve shredding night in cardiff as wales take on poland with the winners going to this summer's european championship. both endured difficult regular qualifying campaigns up to the playoffs, but last week wales comfortably dispatched finland 4—1, while poland thrashed estonia. the wales manager, rob page, had been under intense pressure, but his side has responded well and they now stand on the brink of their third successive euros. it would be a great achievement for us to qualify, and in the manner in which we have done, you are always going to get bumps on the roads during any campaign and we had one in the summer, but what pleases me is the reaction since then, unbeaten in seven matches, and to play
wework co—founder adam neumann has reportedly moved to buy the troubled office—sharing company.for the firm. that is it for now. goodbye. hello from the bbc sport centre. it'll be a nerve shredding night in cardiff as wales take on poland with the winners going to this summer's european championship. both endured difficult regular qualifying campaigns up to the playoffs, but last week wales comfortably dispatched finland 4—1, while poland thrashed estonia. the wales manager, rob page, had...
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Mar 26, 2024
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neumann, wework's founder, who managed to revolutionize the second largest asset class in the world, estate, regardless of all of those faults so one activist battle, wiffle, behind the scenes operator versus founder. and according to wework's bankruptcy filing last november the largest unsecured claims come from the banks in the form of debt and real estate companies in the form of unpaid rent there is of course a softbank in all of this, wiffle, which still has wework on its books. and that is a very interesting question who would masa-san want running this company would it be adam neumann who he's already given a ton of money to and lost a ton of money or an operator who i don't know, won't have as good of a chance to bring this anywhere close to its glory even before the billions of dollars of investment from softbank >> it probably comes down to whether neumann can still spin a story like he used to and masa-san if he's learned from his mistake or not where would this funding for neumann potentially come from? i assume not a check from masa-san >> highly unlikely >> didn't he ma
neumann, wework's founder, who managed to revolutionize the second largest asset class in the world, estate, regardless of all of those faults so one activist battle, wiffle, behind the scenes operator versus founder. and according to wework's bankruptcy filing last november the largest unsecured claims come from the banks in the form of debt and real estate companies in the form of unpaid rent there is of course a softbank in all of this, wiffle, which still has wework on its books. and that...
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Mar 25, 2024
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neumann has reportedly offered to buy the company for more than $500 million, according to the walleet journal who sources also say it is unclear how newman would finance a deal five years after he was ousted by the board. wework is undergoing restructuring in the second quarter. apple, google, and meta risk heavy fines as the e.u. marches against strict new laws. the digital markets act as well as new gravity. we will have more to come on we will have more to come on "daybreati. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. haidi: raking data crossing the bloomberg when it comes to consumer confidence, confidence falling by 1.8%, falling to the gauge of 84. if you break that down, consumer sentiment at 84.4 is a contraction of 1.8% month on month. a decline of almost 1.5% versus a year ahead. also a decline of 1.5%, expectations on the economy seeing a fall for the year ahead, at a significant contraction of 4.5%. looking little bit better when it comes to looking
neumann has reportedly offered to buy the company for more than $500 million, according to the walleet journal who sources also say it is unclear how newman would finance a deal five years after he was ousted by the board. wework is undergoing restructuring in the second quarter. apple, google, and meta risk heavy fines as the e.u. marches against strict new laws. the digital markets act as well as new gravity. we will have more to come on we will have more to come on "daybreati. constant...
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Mar 26, 2024
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there are still efforts to try to figure out what happened here >>> in business news, adam neumann submitted a bid of $500 million to acquire wework out of bankruptcy a source familiar with the matter said the bid could go up $900 million neumann was ousted five years ago. he has been trying to find a way back ever since. >>> citigroup says it is in the last stage of the overhaul after shrinking the work force by 5,000 employees since september. in a memo, the ceo told employees that the largest round of staffing moves including reassignments and departures would be communicated to employees from monday to thursday of this week. shares of citi are up more than 40% in the last year >>> florida has passed a new law that bans people under the age of 14 years of having social media accounts regardless of parental content that requires social media companies to close accounts believed to be used by minors under 14 minors who are 14 or 15 could have an account with parental consent. >> i don't know how you enforce that >> if there are -- it will never been 100%. if there are i implications i don't
there are still efforts to try to figure out what happened here >>> in business news, adam neumann submitted a bid of $500 million to acquire wework out of bankruptcy a source familiar with the matter said the bid could go up $900 million neumann was ousted five years ago. he has been trying to find a way back ever since. >>> citigroup says it is in the last stage of the overhaul after shrinking the work force by 5,000 employees since september. in a memo, the ceo told...
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Mar 26, 2024
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wework co-founder adam neumann has reportedly offered to buy the company for more than $500 million,ng to the wall street journal, who sources say it is unclear how he would finance the deal. we wework is undergoing restructuring efforts to emerge from bankruptcy in the second quarter. apple, alphabet, google and meta risk potentially heavy fines as the e.u. launches investigations into their compliance with strict new digital laws. the bloc is looking into instagramming facebook fees. the firms face potential fines of up to 20% of their global revenues for repeated breaches. annabelle: senior executives in finance, technology, health care are gathering in hong kong for the milken institute's global investor symposium. coanchor of bloomberg's the china show," david ingles is there for us. you have a big lineup today. david: we do. we have actually curated the specific people who will be speaking with here today in fact on that very point the timing of u.k.'s coming to me here could not have been more perfect. if you squint your eyes and pay attention a bit further, the pied piper of
wework co-founder adam neumann has reportedly offered to buy the company for more than $500 million,ng to the wall street journal, who sources say it is unclear how he would finance the deal. we wework is undergoing restructuring efforts to emerge from bankruptcy in the second quarter. apple, alphabet, google and meta risk potentially heavy fines as the e.u. launches investigations into their compliance with strict new digital laws. the bloc is looking into instagramming facebook fees. the...
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Mar 27, 2024
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. >>> and adam neumann facing an uphill battle in his bid to buy back wework.who was ousted from the company three years ago has offered to buy the company for 5million it receives interest from third parties on a regular basis and is working in the best interests of the company, frank. >> all right silvana, thank you very much. >>> all right, coming up, apple looking to pull a u-turn on its very rough start of the year take a look at the chart shares down 11% year to date the key event that could determine the stock's next steps. we're back in just a moment. >>> welcome back to "worldwide exchange." time now for your morning call sheet. we start with western digital giving an $80 price target the company's uniquely positioned to outperform given the number of tailwinds that could drive sizeable upsides to estimates. >>> citi cutting its price target for tesla to reflect recent data points a i head of tesla's q1 delivery release. and kdw saying while it's enthusiastic about the stock, they believe it's set for a consolidation phase. >>> turning to papple, getti
. >>> and adam neumann facing an uphill battle in his bid to buy back wework.who was ousted from the company three years ago has offered to buy the company for 5million it receives interest from third parties on a regular basis and is working in the best interests of the company, frank. >> all right silvana, thank you very much. >>> all right, coming up, apple looking to pull a u-turn on its very rough start of the year take a look at the chart shares down 11% year to...
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Mar 26, 2024
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adam neumann offering to buy the company for more than $500 million. it is unclear how he would finance the deal, which comes five years after he was ousted by the board of wework. wework is currently undergoing restructuring. jonathan: a round of applause for adam neumann. lisa: he won the pandemic. jonathan: he won the bubble era. he wants to buy back again. lisa: at a discount. be a rock star. he exudes that feeling. jonathan: walking around in no shoes and socks, floppy hair. lisa: you understand. jonathan: up next, a trial date set for donald trump. pres. trump: i don't know how you can have a trial like this in the middle of a presidential election. this is election interference. jonathan: that conversation is next. ♪ [alarm beeping] amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. why not? did you forget something? my protein shake. the future isn't scary, not investing in it is. you're so dramatic amelia. bye jen. 100 innovative companies, one etf. before investing, c
adam neumann offering to buy the company for more than $500 million. it is unclear how he would finance the deal, which comes five years after he was ousted by the board of wework. wework is currently undergoing restructuring. jonathan: a round of applause for adam neumann. lisa: he won the pandemic. jonathan: he won the bubble era. he wants to buy back again. lisa: at a discount. be a rock star. he exudes that feeling. jonathan: walking around in no shoes and socks, floppy hair. lisa: you...
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Mar 26, 2024
03/24
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adam neumann co-founded the company, growing it to a $47 billion valuation. board forced him out about five years ago after a failed ipo attempt and mounting debt, according to the wall street journal. neumann is bidding to buy back the company. it is not clear how he plans to handle the financing of the proposed offer. >> still to come celebrating women's history month, we introduce you to a group of female winemakers supporting each other in livermore valley. also, how bard is paying tribute to an artist whose contributions have largely gone unsung and the last week of march is now underway. >> as we go live, take you for this live look outside on this monday evening. it's still a little chilly and a little breezy outside, and more rain is on the way. our chief meteorologist, bill martin, will update the bay area forecast coming business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choos
adam neumann co-founded the company, growing it to a $47 billion valuation. board forced him out about five years ago after a failed ipo attempt and mounting debt, according to the wall street journal. neumann is bidding to buy back the company. it is not clear how he plans to handle the financing of the proposed offer. >> still to come celebrating women's history month, we introduce you to a group of female winemakers supporting each other in livermore valley. also, how bard is paying...
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Mar 26, 2024
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adam neumann co-founded the company, which grew to $47 billion in valuation, but the board forced himafter a failed ipo attempt and mounting debt, according to the wall street journal. neumann is now bidding to buy back the company, but it's not clear how he plans to handle the financing of the deal. >> our time is 449 tech analysts say the growth of artificial intelligence is having unintended consequences. one is it's draining the power grid. tech companies behind these ai programs need large amounts of data centers to help train their software, and it requires a lot of electricity. >> you can have chatgpt, for example, be able to talk to you like a human, a human being. we had to first train it to be able to do that. so that requires a lot of electricity, making it possible for you to just go on your phone and ask chatgpt anything that also needs electricity, because it has to be on standby 24 over seven now to help manage that growing demand, some tech giants are trying to find ways to generate their own energy, and may include a push for nuclear energy plus renewable power like s
adam neumann co-founded the company, which grew to $47 billion in valuation, but the board forced himafter a failed ipo attempt and mounting debt, according to the wall street journal. neumann is now bidding to buy back the company, but it's not clear how he plans to handle the financing of the deal. >> our time is 449 tech analysts say the growth of artificial intelligence is having unintended consequences. one is it's draining the power grid. tech companies behind these ai programs need...