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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…]

Google-parent Alphabet announces Q3’23 results, cloud business continues to slow, stock drops over 6%

Alphabet, the parent behind Google and all associated businesses, released numbers for Q3-2023. And while CEO Sundar Pichai may have officially stated to be “pleased” with the financial results, the street thinks otherwise. As Google Cloud continued to show a slowing growth for fourth consecutive quarter, Alphabet’s stock price nose dived by over 6% in … [Read more…]