Vimeo to become a publicly traded company. We will hear about the content strategy and a new hiring feature. First, our top story. More worries for wework. Pressure is mounting to oust ceo adam newman ceo adam neumann after the delayed ipo. The board was supposed to meet today but they are likely going to meet later this week. Huet covers startups and she joins me. Why the shakeup . Ellen insane week in the last week or two. Pressure first to delay the ipo and now it seems like there are reports to consider replacing the ceo, adam neumann. A lot of back and forth within the board. Maybe delay the ipo october and later. We seem to be watching as it unfolds. Possible Board Meeting this week , not expected today but likely very soon. Taylor who wants adam neumann out . Ellen that is most likely softbank. They hold two board seats. It seems like they also have support from benchmark. One board seat has been an early investor. Some viewers they remember was also instrumental in the ousting
Strategy and a new hiring feature. First, our top story. More worries for wework. Pressure is mounting to oust ceo adam neumann after the delayed ipo. The board was supposed to meet today but they are likely going to meet later this week. Ellen huet covers startups and she joins me. Why the shakeup . Ellen insane week in the last week or two. Pressure first to delay the ipo and now it seems like there are reports to consider replacing the ceo, adam neumann. A lot of back and forth within the board. Maybe delay the ipo october and later. We seem to be watching as it unfolds. Possible Board Meeting this week, not expected today but likely very soon. Taylor who wants adam neumann out . Ellen that is most likely softbank. They hold two board seats. It seems like they also have support from benchmark. One board seat has been an early investor. Some viewers they remember was also instrumental in the ousting of Travis Kalanick from uber. It nevertheless remains, at least softbank and benchmar
Passes a short term funding bill bitcoin is cratering this morning and its the final session before a threeday weekend. Look for news dumps, europe is mixed and durable and consumer income a slight miss more data come in an an hour bitcoin down for first week since 2013 as Goldman Sachs throws its hat into the crypto ring. Shutdown avoided in washington for now waiting for President Trump and go live to d. C. For the latest. Eric schmit stepping down for his role as executive chairman at alphabet. What that means for the company. Bitcoin is the lead today extending this weeks bearish run hitting a record high on sunday the crypto currency tumbled sharply in asia and wiping out a fourth of the market value in a 24hour span 12. 5 is the price people are looking at for the week youre looking at 30 drawdown as our friend josh brown stepped in. Doesnt get you back to thanksgiving it was about 8,000 when it really started to lift off in late november, early december. Should have had so many
Miner and one of its top Power Generators talking about a 267r the could be worth billion. Rishaad noble facing another difficult day after its new york listed shares tumbled, it singapore listed stock at a 17 year low. Indeed, noble sure starting trading again, but lets start off with the big stories of the day. Sterling, the at election in the u. K. Taking place on thursday. What we have been seeing is that these terrorist attacks have not had that much impact when it comes to the polls, and indeed by influence, what is going on with sterling. Sterling has been beholding to the polls in a different sense. Show how as the labour party has been doing better in recent weeks, recent days even, we have seen of oars weakness for sterling. True when we had of course the pound weekend for the tories, so an inverse relationship if you will. It seems these terrorist attacks do not have a huge political implication running into that thursday poll. Side i suppose the other you could look at in t
Stuff out of him as usual. Is interesting to hear from the other side of this debate, even if i dont tend to agree with it. Its good to have a voice and put a face to it. You become that voice for the 1 . The most controversial thing he said was that rich people should get more votes. One would argue that they do. We will look at an interesting story. Ways to find new media. Nteresting new publication jeremy talked about his amazing story he has written about, how technology is driving the decisions of the nsa in ways they never have before, perhaps exclusively providing content for decisions about drone strikes. Nsa gathered cyber material, drones making the strikes, humans hardly involved at all. We talked about that story and the publication as well. The founder of ebay, this part of his News Organization he has founded. Our top story is twitter. Insiders will be able to sell their shares for the first time tomorrow, saturday. Its the timing here it after trading today is when they