More on his life and story at oracle. And making the rounds a day after telling georgetown students and faculty he wont Police Political speech, Mark Zuckerberg talks to political outlets. What he had to say. First, our top story. Weworks valuation sinking lower. We have learned that softbank is putting together a financial play for wework. It may value the company below 8 billion. That is a fraction of the valuation it commanded as recently as january. Since its initial public offering, they have been considering plans from softbank and j. P. Morgan chase. A partner from manhattan vendors, and sarah mcbride, who has been tireless on all things softbank. What did we learn about this new valuation . Lower thans even expected, around 8 billion, and as you said, that compares to around 47 billion at the start of the year. A huge drop in under 12 months. You take a look at 8 billion, are we close to fair value . Andrea i think we are. Overall, something i like to consider, being in a late
Departmentstice launches its own facebook probe as the social network is the focus of a federal trade commission investigation. Story,st to our top peloton falling 9. 5 percent after raising more than 1 billion in its u. S. Ipo. It is the latest unprofitable startup to struggle in its trading debut, but the ceo john foley remains upbeat about pelotons future. He spoke with jason kelly at the nasdaq. We are playing the long game. Millionsis as building and millions of subscribers around the globe in the coming years. Now we have the money to do that. After fully funded todays primary, so we are feeling confident. When you think about the last couple of days and weeks, you mentioned the market. It is a tricky ipo market, to say the least. Do you have a sense of where the miscalculation was . Fundraiser a eigth fundraiser. There are people who believe, and those who dont. Those who have invested in peloton, they have been very, they will invest in us. You mention fully funded. What will y
An antitrust probe overload. The u. S. Justice department launches its own facebook probe. This, as the social network is already the focus of a federal trade commission investigation. But first to our top story, pellet gun falling as much as 9. 5 after raising more than 1 billion in its u. S. Initial public offering. It is the latest unprofitable startup to struggle in its trading debut, but the ceo john foley remains upbeat about pelotons future. s jason with Bloomberg Kelly at the nasdaq. John we are playing the long game. We see this as building millions and millions of subscribers around the globe in the coming years. Now we have the money to do that. We are fully funded after todays primary, so we are feeling confident. Jason when you think about the last couple of days and weeks, you mentioned the market. It is a tricky ipo market, to say the least. Do you have a sense of where the miscalculation was . Or if there was one . My eights is fundraiser for appellate on. It is a funny
Traditional cigarettes. One attorney general has filed multiple lawsuits to keep them out of the hands of teenagers. But first, to our top story. Two years ago, ubers infamous ceo was forced to resign. A new ceo came in and was forced to rebuild the reputation. He has brought in new management but has not been a smooth ride. A big ipo sparked excitement but investors have not been impressed and has traded at a low price since. I sat down with ubers ceo and began by asking if you made the right decision to join the company. Dara we have resolved the conflicts the company has and there are many issues the company was involved with. You have softbank is a partner and you want them behind you. We have a great investor base. We have taken the company public. Revenue has grown 75 since i joined. We now have a path to profitability. So while we have had bumps on the road, i like the position we are in now for the next years. Emily there have been bumps on the road. And despite all the negativ
One attorney general has filed multiple lawsuits to keep them out of the hands of teenagers. But first, to our top story. Two years ago, ubers infamous ceo was forced to resign. A new ceo came in and was forced to rebuild the reputation. He has brought in new management but has not been a smooth ride. A big ipo sparked excitement but investors have not been impressed and has traded at a low price since. I sat down with ubers ceo and began by asking if you made the right decision to join the company. Dara we have resolved the conflicts the company has and there are many issues the company was involved with. You have softbank is a partner and you want them behind you. We have a great investor base. We have taken the company public. Revenue has grown 75 since i joined. We now have a path to profitability. So while we have had bumps on the road, i like the position we are in now for the next years. Emily there have been bumps on the road. And despite all the negative stories, uber, lyft, R