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WeWork is reportedly considering big governance changes in order to rescue its flailing IPO

5 monthes ago   |   By Business Insider

WeWork is considering making major changes to its governance to boost its appeal to investors ahead of its planned initial public offering, Bloomberg reported.
The company has already made a few changes such as adding a woman to the board. It's unclear what else the company might change, according to Bloomberg.
WeWork's has seen its projected valuation cut from $47 billion to less than $20 billion due to a lack of interest from investors.
Softbank, WeWork's largest outside shareholder, asked the company to delay its IPO process and could face a multi-billion-dollar write-down if the...
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Peloton plans to raise up to $1.3B in IPO

Peloton plans to raise up to $1.3B in IPO

5 monthes ago   |   By Chron

NEW YORK - The connected exercise machine company Peloton plans to raise as much as $1.3 billion in an initial public offering of stock.
The New York company, known for its stationary bikes that allow users to stream workouts live or on-demand, says it plans to offer 40 million shares. Underwriters will have a 30-day option to buy up to an additional 6 million shares. The stock is expected to be priced in a range of $26 to $29 per share.
Users pay thousands of dollars for Peloton machines and about $40 per month for a subscription. The company also makes high end treadmills that cost more...
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Russia's largest solar power plant launched in the Urals

Russia's largest solar power plant launched in the Urals

A new solar power plant with a capacity of 10MW has been commissioned in the Burzyansky district of Russia's southern Ural region of Bashkortostan. According to Russian... Read more ...

UK insurtech Carrot is facing criticism over its tech and data collection...

UK insurtech Carrot is facing criticism over its tech and data collection practices

This story was delivered to Business Insider Intelligence Fintech Pro subscribers earlier this morning. To get this story plus others to your inbox each day, hours before... Read more ...

Trump is said to be furious at grim official warnings about coronavirus, and...

Trump is said to be furious at grim official warnings about coronavirus, and is trying to combat a stock market slide with relentless optimism

President Donald Trump is angry about the stock market downturn, blaming it on warnings from US officials about the spread of the coronavirus, according to The Washington... Read more ...

The 2 worst mistakes you could make in a job interview, according to an...

The 2 worst mistakes you could make in a job interview, according to an ex-Apple recruiter

Rachel Bitte, the former chief people officer at recruiting software company Jobvite and a former recruiter for Apple and Intuit, shared her biggest tips to for... Read more ...

A former Amazon Web Services manager has a plan to help customers manage...

A former Amazon Web Services manager has a plan to help customers manage out-of-control costs when using Amazon's cloud

Seattle-area technology business management software company Apptio just inked a big distribution deal with Amazon Web Services. Apptio exists to solve a common headache for... Read more ...

5 things to know about Disney CEO Bob Chapek, Bob Iger's surprise successor

5 things to know about Disney CEO Bob Chapek, Bob Iger's surprise successor

Disney CEO Bob Iger announced on Wednesday that Bob Chapek will succeed him, effective immediately. Chapek, who has worked at Disney for 27 years, went on family vacations to... Read more ...

Apple's budget iPhone XR was the most popular phone in the world in 2019...

Apple's budget iPhone XR was the most popular phone in the world in 2019, figures suggest

Apple's iPhone XR was the most-shipped smartphone of 2019, a new report suggests. According to tech-focused market research firm Omdia's Smartphone Model Market Tracker report... Read more ...

The top 6 moments from South Carolina's chaotic Democratic debate

The top 6 moments from South Carolina's chaotic Democratic debate

Everyone went after Sen. Bernie Sanders, as expected, but the Senator from Vermont delivered forceful defenses of his positions. Sen. Elizabeth Warren again attacked former... Read more ...

Schools and hospitals targeted in the latest attack on Idlib in Syria...

Schools and hospitals targeted in the latest attack on Idlib in Syria, killing at least 20 including 9 children

Nine children were among the 20 people killed after the Syrian Army attacked the Idlib region on Tuesday, the BBC reported. Idlib is the only major territory still controlled... Read more ...

Hulu marketing chief Kelly Campbell was promoted to lead the Disney-owned...

Hulu marketing chief Kelly Campbell was promoted to lead the Disney-owned streaming service

Hulu marketing chief Kelly Campbell was named president of the Disney-owned streaming service. Her promotion comes after Hulu CEO Randy Freer stepped down in February and... Read more ...