How WeWork Founder Adam Neumann Lost The Company $39 Billion In One Year
If something seems too good to be true, it probably is. WeWork Cofounder Adam Neumann proved this to be true in 2019. Over the year, the company went from a whopping $47 billion dollar valuation to below $8 billion after failing to complete a public offering. Forbes Staff Writer Samantha Sharf explains the missteps Neumann took before his board pushed him out and cut thousands of jobs.
*The SoftBank bailout was announced on October 23, 2019.
Some of the most disadvantaged parts of the UK are suffering the worst effects of the coronavirus pandemic. The borough of Newham in east London has recorded the worst mortality rate in England and Wales, according to official figures.
Meanwhile the continent of Africa has yet to suffer the numbers of infections and deaths that have been seen in other parts of the world. The latest figures show just under 3,000 deaths across the whole of Africa from coronavirus.
And while many deaths may have gone unreported and numbers could rise, it's been suggested that much can be learnt from the way African countries prepared for the virus.
Huw Edwards presents BBC News at Ten reports from Michael Buchanan in east London, and Anne Soy in Kenya. The company was initially launched to make glasses for kids. As soon as the COVID-19 pandemic hit, Fitz Frames changed course. The company began 3D printing custom glasses for hospital staff like doctors and janitors. "When I was little I remember Mr. Rogers say that when you're in scary times, look for the helpers," CEO Gabe Schlumberger said. InsideEdition.com's Stephanie Officer explains how Fitz Frames is living up to that phrase. Canada's economy lost more than one million jobs in March, Statistics Canada says, pushing the jobless rate up to 7.8 per cent. Economists had been expecting the figure to come in at around 500,000 jobs lost.
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