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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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Google and telecommunications leaders appeal to the European Commission for Apple to respect existing regulations. Together, they emphasize the need for fair competition and compliance with the law, which affects the stability of the sector.

Employees are aware that their position in the labor market is unshaken - almost every second person rates their current situation well. However, the mood among entrepreneurs is much worse, according to the latest "Polish Labor Market Barometer" by Personnel Service.

The decision of the jury shook the world of finance. The young creator of one of the largest cryptocurrency exchanges, Sam Bankman-Freid, faced seven charges in court, including fraud and money laundering. He faces a penalty of up to 115 years of imprisonment.

Many indications suggest that WeWork may file for bankruptcy as early as next week. The company, supported by SoftBank Group, is struggling with massive debt and large losses - reports Reuters.

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.

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.

According to the latest forecast by Gartner, global spending on the IT industry in 2024 will amount to 5.1 trillion dollars - 8% more compared to 2023. The overall increase in spending is supported, among others, by the development of generative AI, cloud services and cybersecurity costs.

Disappointing financial results of Nokia and market problems have led the Finnish giant to plan extensive layoffs. 16 percent of employees are set to lose their jobs - Bloomberg agency reported. Savings will be counted in hundreds of millions of euros.

Americans plan to tighten the embargo imposed on Chinese manufacturers. The new sanctions are intended to prevent suppliers from circumventing US technology sales bans.

Microsoft is getting closer to acquiring Activision Blizzard. The British Competition and Markets Authority has given the green light for the transaction.

The EU candidate for climate commissioner wants global taxes on fossil fuels - reports "Financial Times". The money collected in this way would be used to further fight to improve the climate situation.