Money

WeWork, once valuable U.S. startup, declares bankruptcy

Published

2 years ago

November 7, 2023

WeWork, the co-working giant backed by SoftBank, has officially declared bankruptcy, marking a stunning downfall for what was once the most valuable startup in the United States.

The company’s financial troubles have been mounting for years, and this move represents a significant chapter in its tumultuous history.

Once hailed as a disruptive force in the real estate and office space industry, WeWork’s rapid expansion and lavish spending ultimately led to its downfall. The COVID-19 pandemic further exacerbated its problems as remote work became the norm, causing a sharp drop in demand for office spaces. WeWork struggled to meet its lease obligations, resulting in a cascade of financial challenges.

SoftBank, which had invested billions in WeWork, attempted to rescue the company with a bailout package in 2019, but the efforts proved insufficient.

Now, WeWork has no choice but to seek protection under bankruptcy laws to restructure its debts and attempt to salvage its remaining assets.

The bankruptcy of WeWork raises questions about the future of co-working spaces, the role of venture capital in the tech industry, and the impact of the pandemic on traditional office spaces. Can WeWork’s downfall serve as a cautionary tale for other high-flying startups, and what lessons can be learned from its rise and fall?

Money

U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

Published

9 hours ago

February 6, 2026

Harvey Vargas

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights

Money

Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Published

9 hours ago

February 6, 2026

Harvey Vargas

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker

Money

S&P 500 dips as tech stocks struggle with AMD leading losses

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

Published

1 day ago

February 5, 2026

Harvey Vargas

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.

Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.

Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.

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