Japanese giant SoftBank, which injected billions in WeWork, is also an investor in Lemonade, founded by Israeli entrepreneurs Shai Wininger and Daniel Schreiber
Workspace provider to cut unspecified number of jobs and divest from 5 non-core businesses, as company co-founded by Israeli-American Adam Neumann tries to turn itself around
Firm reports staggering operating loss of $6.4 billion in 2nd quarter amid sharp drop in value of its stake in workspace provider co-founded by Israeli-American
Reuters: WeWork may seek a valuation as low as $15 billion to $18 billion in a planned IPO, down from the $47 billion valuation it got in last private funding round
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