That to come. But heres editor joel weber. Joel we put together a holiday cover for you. Jason what a year. Joel this is one of the biggest stories of the year. And it started with we work, even preipo chatter. As that coverage developed and went on and on, there was another story we started to think about, which was softbank, one of the biggest investors and we were. We work. Carol softbank, we did talk about it so much. What i love is that you guys go into the layers of softbank division fund. Obviously the leader of it all, but also other players. Visionary at softbank, especially at division fund, this outside force in Silicon Valley, 100 billion vc fund that can do a lot of work because it has so much money. One of the ways it can do that is go into we work and bankroll we work, a Business Model that may not have been for the long haul. Carol funny you talk about the Business Model. Jason joel lets flood the zone with money. Go big or go home. Sometimes that works. We they have ha
Process. Carol and we hit the red carpet to celebrate the bloomberg 50. Our annual list of those that have measurable accomplishments. But first, the biggest ipo, saudi aramco. Shares surge to a market value of 2 trillion. At the peak. Carol a culmination of a fouryear effort from the kingdom. We are in wanted to talk about this. A lot of questions. Now it is publicly traded and it is an ipo but it is only a small there ine, 1. 5 is out the public in terms of the company. Reporter the ipo has not turned out the way they expected it to happen. Back to 2016er when the initially announced plans for the ipo, the plan was to sell shares of the company. What we really have to look at is what is the purpose of the ipo . It is seen as a means of diversifying saudi arabia away from its Oil Dependent economy, to raise money from International Investors and to deploy that on projects outside of the core energy industry. Theevaluation did valuation did not get close to what they wanted but it is a
Millions marching into the streets of chile. Jason all that to come. But heres editor joel weber. Joel we put together a holiday cover for you. Jason what a year. Joel this is one of the biggest stories of the year. And it started with we work, even preipo chatter. As that coverage developed and went on and on, there was another story we started to think about, which was softbank, one of the biggest investors and in wework. Carol softbank, we did talk about it so much. What i love is that you guys go into the layers of softbank division fund. Obviously the leader of it all, but also other players. Joel the visionary at softbank, especially at division fund, this outside force in Silicon Valley, 100 billion vc fund that can do a lot of work because it has so much money. One of the ways it can do that is go into we work and bankroll we work, a Business Model that may not have been for the long haul. Carol funny you talk about the Business Model. Joel lets flood the zone with money. Go bi
Carol more from the bloomberg 50. Our exclusive interview with beyond meat founder, ethan brown. Jason first up, the top political story, impeachment. Carol congress will ring in the new year with partisanship and division. This time, in the form of the Senate Impeachment trial of President Trump. Foot skit to reporter lets get to reporter josh green with more on that. You have a fascinating story that talks about how, with everything going on, this could benefit joe biden. Josh as we look ahead to january and the beginning of the 2020 election voting, one of the Big Questions everybody and questions everybody in washington has is what affect his impeachment going to have on the democratic field . What i wrote in businessweek takes a look at joe biden and his situation. One of the ironies of the impeachment trial is that it came about because President Trump thought that joe biden looked like he was going to be a serious rival and embarked on this mission with ukraine to turn up negati
Started a Popular Uprising that led to millions marching in the streets of chile. We put together a holiday cover for you. What a year. We think this is one of the biggest stories of the year. It started with we work. Earlygazine covered very on even during ipo chatter. As that developed and went on and on, there was another story that we started to think about. One of the biggest investors in work. Did talkoftbank, we about it and what i love about this story is that you guys go into the layers. The visionary at softbank, especially the vision fund. A 100 billion dollar vc fund that can do a lot of things because it has so much money. Ways it can do that is to going to some thing like we work which is a Business Model that may not have been right for the long haul. They were very aggressive. Go big or go home. Some wins, other times it doesnt. And what this revealed was the fundre within the vision where there is a lot of tension. Its a big story. Another big story is businessweek tur