Business Today

Western Clouds

CO-WORKING SPACE giant WeWork’s decision to file for bankruptcy in the US marked a massive fall for a firm that had jumped to dizzying heights not so long ago. The Soft-Bank Group-backed start-up was valued at $47 billion in early 2019 and yet announced in October that it was unable to pay back debt.

The contrast between the boom-and-bust story of the global entity

You’re reading a preview, subscribe to read more.

More from Business Today

Business Today11 min read
The Dark Side Of Gold Loans
THE RBI ASKED the company to immediately stop its gold loan operations, which accounts for a third of its business. The reason: the regulator found some major lapses in how the company handled the loans. When the regulator looked into the company’s f
Business Today1 min read
All Guns Blazing
INDIA’S DEFENCE EXPORTS HAVE JUMPED ALMOST 31-FOLD TO A RECORD OF ₹21,083 CRORE IN FY24 FROM ₹686 CRORE IN FY14, REFLECTING THE COUNTRY’S GROWING CLOUT IN THE GLOBAL DEFENCE MANUFACTURING MARKET. WITH A ROBUST LOCAL MANUFACTURING ECOSYSTEM AND MORE T
Business Today1 min read
Read Credible, Exclusive, And Insightful Business Stories
Subscribe and get upto 81% discount*

Related