reportedly

WeWork reportedly close to filing bankruptcy, stock hits rock bottom

WeWork, yet another story of a startup riding high on valuation bubble only to come crashing down , is now on the precipice of filing for Chapter 11 bankruptcy in New Jersey. This stark turn of events marks a profound shift for a company that, at its zenith, commanded a valuation of $47 billion. According … [Read more…]

Amazon reportedly exploring anchor investor role in Arm’s upcoming IPO

Amazon is reportedly in advanced discussions to become a cornerstone investor in the IPO of SoftBank-owned British chip designer Arm Ltd. The development has been reported by Reuters. Incidentally, Amazon is one of Arm’s largest clients. Neither Amazon nor Arm commented on the matter, but if this development is correct, then Amazon will join several … [Read more…]