As the fast-growing purveyor of shared work space prepares for an I.P.O., its filings lack some important insights. Source: NYT > Business – Peter Eavis
G.E. Is Accused of Major Fraud, and Stocks Take a Beating
Plus, WeWork takes steps to go public, and investigations into the Jeffrey Epstein case continue. Source: NYT > Business – Charlotte Cowles
WeWork Takes Key Step Toward I.P.O., Citing Heady Growth and Huge Losses
A public offering by the firm, which leases shared office space, will be a major test of investors’ appetite for fast-growing but unprofitable start-ups. Source: NYT > Business – David Gelles
WeWork Continues to Lose Money Ahead of Potential I.P.O.
The losses, $264 million in the first three months of the year, reflect the willingness of the company to continue its global expansion efforts. Source: NYT > Business – MICHAEL J. de la MERCED
WeWork’s I.P.O. Plan Is Filed With Regulators
The company initially filed paperwork with the Securities and Exchange Commission in December, according to a memo to employees. Source: NYT > Business – ANDREW ROSS SORKIN and MICHAEL J. de la MERCED
A Charity Accepts Uber Stock as Donations. Then Uses It to Pay Staff Bonuses.
Entrepreneurs who own stakes in private companies can donate some of their equity to Charity: water. The proceeds will eventually be paid out to the nonprofit’s employees. Source: NYT > Business – DAVID GELLES