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Autopsy section: WeWork. From zero to hero and back.

Autopsy section: WeWork. From zero to hero and back.

How to lose 99% of the peak valuation of a company in 4 years and find yourself on the brink of bankruptcy? It's simple. Just create a false vision of business conquest of the world, and then sell it to investors with a few daring moves. Exactly as WeWork founder Adam Neumann did.

Map of the European startup ecosystem: Ukraine

Map of the European startup ecosystem: Ukraine

"Life still exists here. And the market, and money," said one of the investors, not hiding his surprise, after a recent visit to Ukraine. However, this is no surprise: despite nearly 2 years of war, people try to function normally, and entrepreneurs - to develop businesses. And the prospects are only better.

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The company Creandum published a report on the salaries of startup founders. The study was conducted among 650 entrepreneurs from 47 European countries, and the aim was to provide data on the average earnings of founders at various stages of their companies' development.

According to the latest report from the research company Canalys, Microsoft's decision to end support for Windows 10 could have disastrous consequences for the environment. It is estimated that even 240 million computers will become e-waste.

After fifteen months of document verification by British and EU competition authorities, Figma and Adobe finally abandon merger plans. The companies no longer see a chance of reaching an agreement with regulators.

Google has agreed to pay a fine of 700 million dollars as part of a settlement with Epic Games studio, the creator of the Fortnite game. The fine is to be paid mainly to Android system users. According to the arrangements, Google also has to facilitate downloading applications from outside the Google Play store.

ByteDance, the owner of TikTok, achieved over 110 billion dollars in sales revenue in 2023, thereby surpassing its competitor - Tencent - by almost 30 billion dollars. This confirms ByteDance's dominant position in the technology market.

PFR Ventures is launching recruitment for new programs financed from European Funds for the Modern Economy (FENG). The goal is to support 40 venture capital funds with the amount of 2 billion PLN with an additional contribution from private investors amounting to 1.1 billion PLN.

The new Accenture Life Trends 2024 report identifies five key global macro trends. Half of society is reevaluating priorities, placing greater emphasis on job stability and retirement, but 48% of respondents do not plan for the long term.

A class action lawsuit has been filed in the federal court in East St. Louis against Apple, Visa and Mastercard companies. The companies are accused in it of a conspiracy aimed at illegally eliminating competition and as a result artificially inflating fees for credit and debit transactions.

Although it's worth more than Netflix, Instagram and Disney combined, you probably don't even know that you're using its services. And no wonder, because the Chinese tech giant Tencent wants it to stay that way.

Google lost a court battle with the Fortnite game producer, Epic Games studio. The technology giant was found guilty of abusing its dominant position in the application market and accused of actions eliminating competitors and imposing high transaction fees, reaching up to 30%.