WeWork, DraftKings, Lucid Motors. These are a few companies that have taken an untraditional route to go public through something called SPACs or special purpose acquisition companies. The obscure investment vehicle took off during the pandemic, but has since fallen back to earth. Today, we consider the rise and fall of SPACs and how recent rule changes will affect these deals.
A reported $350 million investment into a new, yet-to-be-launched real estate venture founded by WeWork co-founder Adam Neumann reveals just how biased the venture capital industry is, experts say.
Companies ranging from General Motors to UPS are exiting or reducing their operations in Russia as wide-ranging sanctions make it all but impossible to operate in the country.
There's a lot that unites these projects: high-profile stars playing people who fell from grace. Specifically, people who shared the trait of having been being ambitious when it came to money.
After the ouster of its eccentric founder, the co-working startup made a seasoned real estate executive its CEO. Now it's hoping to go public and lure workers back to communal office space.
