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☆ WeWork's market cap is now smaller than its much more straight-laced rival as the market adjusts to reality
▼ + stars: | 2022-12-14 | by ( Emilia David | ) www.businessinsider.com time to read: +3 min

WeWork cash flow is dwindling, and it plans to shutter more sites as it struggles to bounce back. Its market capitalization now stands lower than Regus, another flexible office space provider. This is a sign the market is rewarding careful management over rapid growth. WeWork's problems stand in sharp contrast to another company that offered flexible workspaces for decades before WeWork entered the market: Regus. But right now, its focus on fundamentals and not chasing growth at all costs means the market values it more than WeWork.

☆ Former US ambassadors push for help for Afghan allies in spending bill
▼ + stars: | 2022-12-14 | by ( Jake Tapper | ) edition.cnn.com time to read: +1 min

CNN —A group of retired ambassadors, all of whom served as chief of mission at the US Embassy in Afghanistan, have written a letter to congressional leaders pushing them to include the Afghan Adjustment Act in the omnibus spending bill. The legislation “keeps our deep and binding commitments we made to our wartime allies. This is a moral imperative but also ensures we will find future allies in conflicts to come,” former ambassadors Ryan Crocker, Ronald E. Neumann, William Wood, Earl Anthony Wayne, James Cunningham, P. Michael McKinley, Hugo Llorens and Ross Wilson write in the letter being sent Wednesday evening. The letter, organized by AfghanEvac’s Shawn vanDiver and former ambassador Phil Kosnett, stands as a push from respected leaders and experts on Afghanistan that passing the bill is essential to meeting the United States’ obligations. This story is breaking and will be updated.

☆ Harvard-educated deception expert: 4 red flags can show when people like Sam Bankman-Fried are lying
▼ + stars: | 2022-12-13 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +6 min

The answer is the latter, says Pamela Meyer , a Harvard-educated deception expert who is a certified fraud examiner and the author of the 2010 book "Liespotting: Proven Techniques to Detect Deception." Now, with Sam Bankman-Fried arrested on Monday by Bahamian authorities, the world is wondering if the FTX founder will follow in Holmes' footsteps as the next disgraced startup founder to end up behind bars . Such tactics should have been "a red flag, for sure, that he was deflecting a deep dive into the details" of FTX, Meyer says. You let them talk and talk and talk." This appears to be Bankman-Fried's current mode, Meyer says.

☆ Arielle Charnas' company, Something Navy, is floundering amid dwindling sales, an employee exodus, and furious suppliers
▼ + stars: | 2022-12-08 | by ( Katie Warren | ) www.businessinsider.com time to read: +36 min

From the outside, it doesn't look as if Charnas' company is in trouble. Mark Sagliocco/Getty Images for Beach MagazineSeveral former employees told Insider they cut ties with Something Navy because they saw signs the company was struggling. Several current and former Something Navy employees told Insider they'd been inundated with emails since the spring from suppliers, freelancers, and models asking where their money was. In one email viewed by Insider, Scanlan told a supplier that cash was tight but promised payment was on the way. The current Something Navy employee said that based on data she'd seen, the retail locations most likely don't turn a profit.

☆ The 5 best leadership books I read this year — and what they taught me about running a company
▼ + stars: | 2022-12-06 | by ( David Siegel | ) www.businessinsider.com time to read: +5 min

For a roadmap for effective, kind leadership and smart decision-making, he shares 5 book recommendations. Publishing a leadership book gave me a newfound perspective on the genre. Here are the top five leadership books I read in 2022 and why I found each one particularly enriching. After reading The Promise of a Pencil, I learned how seemingly small acts can make a world of difference in communities. For anyone considering executive coaching or looking to find a coach, this book is a must-read.

Netflix founder and co-CEO Reed Hastings said Wednesday he was slow to come around to advertising on the streaming platform because he was too focused on digital competition from Facebook and Google . "So Google and Facebook were going to mop up the world — and they have in non-TV advertising." Advertisers were "desperate" for avenues in connected TV and internet, Hastings said, but Netflix was still on the sidelines. "We didn't have to steal away the advertising revenue. There are also free streaming services, such as Paramount's Pluto and Fox Corp.'s Tubi, which make revenue solely through advertising.

☆ HSBC: Short-term uncertainty but China's supply chain ripple effect to be limited
▼ + stars: | 2022-11-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHSBC: Short-term uncertainty but China's supply chain ripple effect to be limitedFrederic Neumann, managing director and co-head of Asian economic research at HSBC, discusses the eruption of protests against Covid restrictions in China and the potential impact on global markets.

☆ Here's the six-word outlook for stocks in 2023: going to hell in a handbasket
▼ + stars: | 2022-11-20 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

We knew that the stock market had formed a bubble and that it was going to pop as interest rates went up. That, in turn, pushed the stock market off a cliff so steep that we still cannot see the bottom. This all goes back to the Fed's move to keep interest rates at 0% after the 2008 financial crisis. Since interest rates were so low, companies that didn't make money could just borrow to keep the lights on. In 2018, Wall Street got a preview of how ugly this bubble would look once it popped in earnest.

☆ A New Sister Act: College Students Move Into a Convent
▼ + stars: | 2022-11-09 | by ( Melissa Korn | Photographs Michelle Gustafson For The Wall Street Journal | ) www.wsj.com time to read: 1 min

ASTON, Pa.—A group of students at Neumann University here spent an evening last month painting pumpkins, making s’mores and dancing to a DJ’s playlist. Their neighbors—a bunch of sisters, and not the sorority kind—joined in the fun. Call it a match made in heaven: Neumann wanted to increase campus housing for students. The Catholic Sisters of St. Francis of Philadelphia had extra space in their convent.

☆ Peloton’s founders get a deserved do-over
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Nov 9 (Reuters Breakingviews) - Peloton Interactive’s (PTON.O) founders are climbing back up on their bikes. With WeWork founder Adam Neumann also recently scoring funding for a new idea, second chances are in vogue. In that sense, it’s like Peloton’s take on home exercise gear: a fancier version of an existing product, with added convenience. Peloton’s shares cratered after the virtual fitness company was overambitious during the pandemic, but it grew admirably. It pegs the addressable market for rugs at $120 billion by 2030 versus the $4 trillion wellness market Peloton touted in its initial public offering documents.

☆ For $15k and a signed NDA, students at Kanye West's unaccredited Donda Academy start the day with 'full school worship' before parkour enrichment classes
▼ + stars: | 2022-10-22 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

The unaccredited pre-K through 12th-grade school, Donda Academy, costs $15,000 per year to attend, Rolling Stone reported. In comparison, Donda Academy charges $15,000 per student, Rolling Stone reported, with about half of students receiving some sort of financial aid. Donda Academy, its principal, Brianne Campbell; assistant principal, Allison Tidwell; and sports director Shayla Scott did not respond to Insider's requests for comment. Tamar Andrews, an educational consultant for Donda Academy, confirmed to Rolling Stone that parents are asked to sign an "informal agreement" to enroll. "The process of Donda school is for the parishioners, for the attendees," Yusef told Rolling Stone.

☆ Russians schemed to send U.S. military technology to Russian defense sector, Justice Department says
▼ + stars: | 2022-10-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Tom_Winter_Nbc_News.Jpg | Tom Winter | ) www.nbcnews.com time to read: +3 min

Two Russian nationals were arrested in a scheme to obtain sensitive U.S. military electronics and technology to provide it to the Russian defense sector, prosecutors said Wednesday, noting that some of the items were found on the battlefield in Ukraine. The men sent the items to sanctioned Russian companies that serve the defense sector, according to federal prosecutors. "This network schemed to procure sophisticated technology in direct support of a floundering Russian Federation military industrial complex," Assistant FBI Director Michael Driscoll said in a statement. When Orekhov and Kuzurgasheva sought to buy the sensitive U.S. military and "dual-use technology," they falsely claimed it was going to the Russian space agency Roscosmos. In an exchange with Soto, Orekhov used colorful language to allay his concerns about dealing with Russian companies.

Now, Netflix is gunning for the last reel of the pay TV business: its estimated $153 billion pool of global advertising revenue. The company and some analysts see its new, cheaper ad-supported service, detailed in a rosy quarterly report on Tuesday, as a way to lift revenue as customers trim spending amid economic gloom. As TV's audience shrinks, it becomes less attractive for advertisers - and a plum target for Netflix to disrupt. Netflix plans to launch an ad-supported version of its service in the United States and 11 other countries in November. Some Wall Street analysts said the ad-supported version of the Netflix service might entice some price-sensitive existing subscribers to switch to the less-expensive option.

☆ Netflix will start charging for password sharing in early 2023, potentially adding up to $3 for each additional user
▼ + stars: | 2022-10-19 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Netflix will begin charging for password sharing beginning in early 2023. The "extra member" feature will allow additional users to have their own sub-account for a fee. The streaming giant announced on Tuesday it officially will begin charging for account sharing early next year, after hinting at a crackdown in recent months. The move comes as other streaming companies begin identifying ways to prevent and limit password sharing. According to a March survey from the Leichtman Research Group, an estimated one-third of US Netflix subscribers currently share their log-ins.

☆ China has been 'very consistent' in its message on the Taiwan issue, HSBC says
▼ + stars: | 2022-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina has been 'very consistent' in its message on the Taiwan issue, HSBC saysFred Neumann of HSBC discusses the topics covered at the 20th Party Congress of the Chinese Communist Party.

Hong Kong/Tokyo CNN Business —A quarter of a century ago, a major financial crisis ripped through Asia, shaking its economies to the core. “I do not expect a repeat of the [1997] Asian Financial Crisis this time,” said Khoon Goh, head of Asia research at ANZ Research. “Importantly, there is not the same build up of foreign denominated debt in recent years, which was one of the triggers of the Asian Financial Crisis,” Goh added. China and Japan have the world’s two biggest foreign exchange reserves, holding $3 trillion and $1.3 trillion respectively. “Asia’s resilience in the face of the current global storm is partly the result of reform that the Asian Financial Crisis prompted,” Neumann from HSBC said.

☆ Vishal Garg wants you to understand why he's still Better's CEO, even after getting ridiculed for brutally laying off 900 people via Zoom
▼ + stars: | 2022-10-03 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Vishal Garg, the CEO of Better, spoke out nine months after laying off hundreds of people over Zoom. "I would regularly tell my team that I think I'm the right founder for this company," Garg said. For his younger employees, Queens might be known as a hip borough with diverse populations and menus. But to Garg, Queens was something to be embarrassed by, leading him to pour even more energy into his work. Now at the helm of a slimmed-down Better, Garg is firmly looking forward to the future, SPAC or no SPAC.

☆ Putin could go ‘scorched earth’ in response to Ukraine’s incredible military success — and the consequences would be grave
▼ + stars: | 2022-09-15 | by ( Viktoria Bräuner | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com time to read: +6 min

Ukrainian troops have been making big advances in their counteroffensive against Russian forces. Insider spoke with two professors about how Russian President Vladimir Putin may react. Ukrainian troops told The Telegraph over the weekend that Russian forces had been fleeing the area and that Ukrainian forces were overwhelmed by the amount of weaponry and ammunition they'd abandoned. Possible use of chemical or nuclear weaponsMasala said the use of chemical or nuclear weapons by Russia was "always a theoretical option" but "very unlikely." "I think the use of nuclear weapons is out of the question at the moment," he said.

☆ Adam Neumann Handing Over Part of Property Holdings to Fund Startup
▼ + stars: | 2022-09-13 | by ( Konrad Putzier | ) www.wsj.com time to read: 1 min

Adam Neumann, former CEO of WeWork, has bought stakes in thousands of apartments since leaving the company he co-founded. Adam Neumann ’s new rental-apartment startup recently received a $350 million investment from venture-capital firm Andreessen Horowitz. That big check came with an unusual catch. Mr. Neumann, the co-founder and former chief executive of WeWork Inc., agreed to effectively hand over part of his vast real-estate holdings in return for the money, according to people familiar with the matter.

☆ Science has figured out why Silicon Valley keeps forking over millions to charismatic screw-ups like WeWork founder Adam Neumann
▼ + stars: | 2022-09-07 | by ( Adam Rogers | ) www.businessinsider.com time to read: +14 min

And in and around Silicon Valley, they're the informational coin of the realm. Silicon Valley, after all, prides itself on being an ultrarational place for data-driven decisions, made by people with the brains and intestinal fortitude to identify disruptive winners. But the more solid research puts the lie to the idea of Silicon Valley as a utopia of empiricism. Its unfettered belief in freewheeling, big-ticket plays, in fact, is what sets Silicon Valley apart from other tech ecosystems. To the movers and shakers of Silicon Valley, a startup isn't merely a business.

☆ Tencent raids its pantry ahead of lean tech times
▼ + stars: | 2022-08-17 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Aug 16 (Reuters Breakingviews) - Tencent (0700.HK) is preparing for tough times ahead. The Chinese giant plans to offload all or a chunk of its $24 billion stake in food delivery group Meituan (3690.HK), Reuters reported read more , citing sources. The eight-year old investment has proven lucrative: annualised total returns were nearly 20% since Meituan's 2018 Hong Kong debut, versus negative 6% for the Hang Seng Index. Nevertheless, a stock overhang — Tencent owns some 17% — sent its shares down 10% on the news. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ WeWork cofounder Adam Neumann is back on the billionaires list. Here's how the ousted CEO has spent his fortune, from real estate to start ups.
▼ + stars: | 2022-08-17 | by ( Katie Warren | Britney Nguyen | ) www.businessinsider.com time to read: 1 min

Adam Neumann (left) with spouse Rebekah Neumann (right). Theo Wargo/Getty ImagesOne of the first businesses Neumann started was Krawlers, which sold baby clothes with knee pads. "At the time, I was misguided and putting my energy into all the wrong places," Neumann told Business Insider in 2016. After Neumann met his wife Rebekah, they lived in an East Village studio, an "apartment smaller than this office," Neumann told Business Insider. Neumann would go on to set his sights on bigger and better real estate once WeWork became successful.

☆ The career rise, fall, and return of Adam Neumann, the controversial WeWork cofounder who is back with another real-estate startup
▼ + stars: | 2022-08-16 | by ( Britney Nguyen | ) www.businessinsider.com time to read: 1 min

The IPO filing gave the public its best view yet at the company's money-losing financials: notably, $1.6 billion in losses on $1.8 billion in revenue in 2018. The following year that loss increased to $890 million on $886 million in revenue. And for the full year 2018, WeWork lost $1.6 billion on $1.8 billion in revenue. For the first six months of 2019, the firm posted a loss of $690 million on $1.5 billion in revenue. We Co. will be the most highly valued startup to go public since Uber in May."

Netflix has overhauled key leadership, naming a co-CEO, talent chief, and heads of TV and marketing. Insider identified 71 of the most powerful execs at the streamer, in an interactive org chart. Insider identified the 71 of the most powerful executives now at Netflix, following the recent executive changes. Netflix has many leaders — not all of whom are included here — but the chart below gives an inside look at who to watch in 2021. The executive shuffle came as Netflix's global audience reached 209 million paid subscribers in March, driven mainly by international viewers.

☆ Un criminal, eliberat după 58 de ani de închisoare. Este cea mai lungă perioadă de detenție din sistemul penitenciar german
▼ + stars: | 2021-03-25 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Un criminal a fost eliberat după 58 de ani de închisoare. Este cea mai lungă perioadă de detenție din sistemul penitenciar german. În 1962, Hans Georg Neumann a măcelărit și a jefuit un cuplu de tineri. Nimeni din istoria sistemului penitenciar german nu a fost închis pe o perioadă mai lungă decât Neumann, scrie Der Spiegel, citat de libertatea.ro. Pentru protejarea vieții private, nu a fost anunțată data eliberării bătrânului încarcerat de aproape șase decenii în închisoarea Bruchsal.

Persons: Hans Georg Neumann, Neumann, Spiegel, ., Pshiatrii, Angela Maess Organizations: Curtea Federală Locations: german, Berlin, Karlsruhe, Germania, Superioară Karlsruhe, Bruchsal

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