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WeWork
WeWork Inc. is a provider of coworking spaces, including physical and virtual shared spaces, headquartered in New York City. As of December 31, 2021, the company operated of space, including in the United States and Canada, in 756 locations in 38 countries, and had 590,000 members, with a weighted average commitment term of 20 months. The company gained mainstream media attention in 2019 with its failed initial public offering (IPO) of company stock. ''The Wall Street Journal'' noted that upon the release of its public company, public prospectus in August 2019, the company was "besieged with criticism over its governance, business model, and ability to turn a profit". In September 2019, following mounting pressure from investors based on disclosures WeWork had made in its Form S-1, S-1 filing for the IPO, company co-founder Adam Neumann resigned from his position as CEO and gave up majority voting control in WeWork. Amid growing investor concerns over its corporate govern ...
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WeWork Kitchen Area In New York (18342962964)
WeWork Inc. is a provider of coworking spaces, including physical and virtual shared spaces, headquartered in New York City. As of December 31, 2021, the company operated of space, including in the United States and Canada, in 756 locations in 38 countries, and had 590,000 members, with a weighted average commitment term of 20 months. The company gained mainstream media attention in 2019 with its failed initial public offering (IPO) of company stock. ''The Wall Street Journal'' noted that upon the release of its public prospectus in August 2019, the company was "besieged with criticism over its governance, business model, and ability to turn a profit". In September 2019, following mounting pressure from investors based on disclosures WeWork had made in its S-1 filing for the IPO, company co-founder Adam Neumann resigned from his position as CEO and gave up majority voting control in WeWork. Amid growing investor concerns over its corporate governance, valuation, and outl ...
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WeWork SF Interior (23119290411)
WeWork Inc. is a provider of coworking spaces, including physical and virtual shared spaces, headquartered in New York City. As of December 31, 2021, the company operated of space, including in the United States and Canada, in 756 locations in 38 countries, and had 590,000 members, with a weighted average commitment term of 20 months. The company gained mainstream media attention in 2019 with its failed initial public offering (IPO) of company stock. ''The Wall Street Journal'' noted that upon the release of its public prospectus in August 2019, the company was "besieged with criticism over its governance, business model, and ability to turn a profit". In September 2019, following mounting pressure from investors based on disclosures WeWork had made in its S-1 filing for the IPO, company co-founder Adam Neumann resigned from his position as CEO and gave up majority voting control in WeWork. Amid growing investor concerns over its corporate governance, valuation, and outl ...
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Adam Neumann
Adam Neumann ( he, אדם נוימן; born April 25, 1979) is an Israeli-American billionaire businessman and investor. In 2010, he co-founded WeWork with Miguel McKelvey, where he served as CEO from 2010 to 2019. In 2019, he co-founded a family office dubbed 166 2nd Financial Services with his wife, Rebekah Neumann, to manage their personal wealth, investing over a billion dollars in real estate and venture startups. Following mounting pressure from investors based on disclosures made in a public offering filing, Neumann resigned as CEO of WeWork and gave up majority voting control . ''Forbes'' estimated his net worth to be around US$1.4 billion . Biography Adam Neumann was born in Israel. His parents divorced when he was seven and he lived in 13 different homes by the time he was 22. He suffers from dyslexia and could not read or write until he was in third grade. In his teens, he lived on a kibbutz in southern Israel. He served as an officer in the Israeli Navy. He later att ...
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Miguel McKelvey
Miguel McKelvey (born 1974) is an American businessman, and the co-founder and former chief culture officer of WeWork. Early life McKelvey grew up in a "five-mother collective" in Eugene, Oregon. His family started and ran a weekly newspaper called the ''Eugene Weekly.'' In a January 2020 interview with Fortune, McKelvey called himself "a wild kid" on the high school basketball court. He said that he found a sense of accountability from his coach, who was a strict disciplinarian. He said of Coach Stepp, "I didn’t grow up with my father, so I never had someone telling me to keep in line." He graduated from South Eugene High School in 1992. He first attended Colorado College and, after seeing a sculpture he created, his professor, Carl Reed, recommended he consider architecture for graduate school.  He transferred to the University of Oregon where he earned a Bachelor of Architecture degree in 1999. McKelvey played on the Oregon Ducks basketball team for two years. However, the ...
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Marcelo Claure
Raul Marcelo Claure Bedoya is a Bolivian technology entrepreneur, businessman, and investor. Until early 2022 he was the chief executive officer (CEO) of SoftBank Group International and chief operating officer (COO) of SoftBank Group Corporation, He oversaw SoftBank's operations and strategy along with CEO Masayoshi Son. As COO of SoftBank Group, a technology investment company, Claure oversaw portfolio companies such as Boston Dynamics, Arm Holdings, Fortress, SB Energy, and WeWork. Claure was a SoftBank Group Investment Committee member. He also headed the $5 billion SoftBank Latin America Fund and SB Opportunity Fund, a $100 million fund dedicated to investing in entrepreneurs of color. He is executive chairman of WeWork. Claure previously served as Sprint's President and CEO from 2014 until 2018, and as executive chairman from 2018 until 2020. Credited with having "led a turnaround" at Sprint, he oversaw the company's planned merger with T-Mobile USA. He currently sits on ...
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SoftBank
is a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo which focuses on investment management. The Group primarily invests in companies operating in technology, energy, and financial sectors. It also runs the Vision Fund, the world's largest technology-focused venture capital fund, with over $100 billion in capital. Fund investors include sovereign wealth funds from countries in the Middle East. The company is known for the leadership of its controversial founder and largest shareholder Masayoshi Son. It operates in broadband, fixed-line telecommunications, e-commerce, information technology, finance, media and marketing, and other areas. SoftBank Corporation, its spun-out affiliate and former flagship business, is the third-largest wireless carrier in Japan, with 45.621 million subscribers as of March 2021. SoftBank was ranked in the 2017 Forbes Global 2000 list as the 36th largest public company in the world and the second-largest publi ...
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Sandeep Mathrani
Sandeep Mathrani (born 1962) is an Indian-American real estate executive and the chief executive of WeWork, following the departure of its former CEO, Adam Neumann. Prior to WeWork, he was the CEO of GGP Inc and the retail group of its parent company Brookfield Property Partners. Early life and education Mathrani was born and raised in Gujarat, India. He went to high school at Cathedral and John Connon School in Mumbai, India. He emigrated to Philadelphia in the United States alone at the age of 16. In 1983, he graduated from college at the Stevens Institute of Technology in Hoboken, New Jersey, obtaining his bachelor's degree in engineering and management science. In 1986, he obtained his master's degree in engineering from Stevens. According to Mathrani, he first got into real estate in 1986 by selling a used Nissan Sentra and using the proceeds to buy and flip an apartment building in Washington, D.C. for a $20,000 profit. In fact, he generated the funds in part by selling t ...
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Masayoshi Son
Masayoshi Son ( ja, 孫 正義, translit=Son Masayoshi, ko, 손정의, translit=Son Jeong-ui) (born 11 August 1957) is a Korean-Japanese billionaire technology entrepreneur, investor, financier and philanthropist. A 3rd generation "Zainichi Korean", he naturalized as a Japanese citizen in 1990. He is the founder, chairman and chief executive officer (CEO) of the Japanese holding company SoftBank, CEO of SoftBank Mobile and chairman of UK-based Arm Holdings. Since Son founded SoftBank in 1981, he has made many investments, but the vast majority of those deals failed, and his reputation as an investor rests almost solely on his $20 million investment in Alibaba Group in 2000, a stake that was worth $130 billion in 2018. The morphing of his own telecom company SoftBank Corp. into an investment management firm called SoftBank Group Corp. made him noted worldwide as a stock investor. However, after a number of high-profile setbacks, Son's investing strategy in the first and second S ...
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Joel Schreiber
Joel Schreiber is a British-born American real estate developer, investor, and founder of Waterbridge Capital. Biography Schreiber was born to a Hasidic Jewish family in London. He moved to New York City and in 2000 - with the help of his family and private investors - purchased residential real estate in Brooklyn, upstate New York, and New Jersey. In 2004, he sold most of the residential portfolio to concentrate on commercial properties in Manhattan. In 2006, he founded Waterbridge Capital as a vehicle for his investments. Waterbridge generally leaves the development of properties to its partners and focuses on raising capital and finding partners. His first major investment was the $190 million purchase of 536 Broadway in 2007. In 2010, he purchased a 33-percent interest in WeWork (founded by Adam Neumann and Miguel McKelvey) for $15 million after meeting the founders who were inquiring about a potential lease. McKelvey stated that the deal was a pivotal moment for the company. ...
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Coworking
Coworking is an arrangement in which workers for different companies share an office space. It allows cost savings and convenience through the use of common infrastructures, such as equipment, utilities and receptionist and custodial services, and in some cases refreshments and parcel acceptance services. It is attractive to independent contractors, independent scientists, remote workers, digital nomads, and people who travel frequently. Additionally, coworking helps workers avoid the feeling of social isolation they may experience while remote working or traveling and eliminate distractions in home office. Most coworking spaces charge membership dues. Major companies that provide coworking space and serviced offices include WeWork and IWG plc. Types Coworking is not only about providing a physical place, but also about establishing a community. Its rapid growth has been seen as a possible way for city planners to address the decline of high street retail in urban centres. Its b ...
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Coworking
Coworking is an arrangement in which workers for different companies share an office space. It allows cost savings and convenience through the use of common infrastructures, such as equipment, utilities and receptionist and custodial services, and in some cases refreshments and parcel acceptance services. It is attractive to independent contractors, independent scientists, remote workers, digital nomads, and people who travel frequently. Additionally, coworking helps workers avoid the feeling of social isolation they may experience while remote working or traveling and eliminate distractions in home office. Most coworking spaces charge membership dues. Major companies that provide coworking space and serviced offices include WeWork and IWG plc. Types Coworking is not only about providing a physical place, but also about establishing a community. Its rapid growth has been seen as a possible way for city planners to address the decline of high street retail in urban centres. Its b ...
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Russell 1000
The Russell 1000 Index is a stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. , the stocks of the Russell 1000 Index had a weighted average market capitalization of $608.1 billion and a median market capitalization of $15.1 billion. , components ranged in market capitalization from $1.8 billion to $1.4 trillion. The index, which was launched on January 1, 1984, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. The ticker symbol is ^RUI. There are several exchange-traded funds and mutual funds that track the index. Record values Annual returns Top sectors by weight *Technology *Consumer Discretionary * Health Care *Industrials *Financial services Top 10 holdings *Apple () *Microsoft () *Amazon () *Alphabet (Class A) () * Tesla () *Alphabet (Class C) () * Meta () *Nvidia () *Berkshire Hathaway () *UnitedHealth Group () (as of Dece ...
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