BusinessNTech

Constantly keeping you up to date with the biggest Business and Technology News (project for a college assignment)

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Thank you to @IrishTimes for covering the story

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Following #SoftBank pulling out of the deal, #WeWork have now #sued @SoftBank

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@WeWork have called on @SoftBank to him other complete the tender offer, or to pay alternative #compensatory #damages for “breaches or contract and fiduciary duty”

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Thank you to @IrishTimes for covering the story

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@SoftBank have pulled out of their planned $3 #billion #purchase of @WeWork #stock. The $3 billion tender was agreed last year as part of a rescue package.

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#SoftBank have already committed more than $14.3 billion to #WeWork to date. In a statement @SoftBank said they pulled out after @WeWork failed to meet a set of conditions behind the deal

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Thank you to @RobinhoodSnacks for sharing this story

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#LuckinCoffee the #chinese #tech company have recently seen their #stock plummet 76%. The company have moved quickly, from #startup to #IPO in less than 2 years. They also boat more stores than #Starbucks in China. Luckin have 4500 compared to @Starbucks 4200

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This is due to their #COO cooking the books in order to make sales look far more impressive than they were. Following the plummeting stock price #luckin lost over 5 billion dollars of stock value in 5 minutes

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Thank you to our friends at @RobinhoodSnacks for bringing the story to our attention

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@YouTube and @Google parent company #Alphabet are creating a new feature to #rival @tiktok_us called #Shorts

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It’s quite similar to @Facebook copying @Snapchat with their stories feature and incorporating it to @instagram. Shorts will become a feature of the #YouTube app. As it’s far easier to get users to use a #new feature than a new #app

#YouTube #TikTok #snapchat #Instagram

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Thank you @RobinhoodSnacks for covering the story

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@CarnivalCruise are in trouble. 2020 has seen 3 #COVID19 outbreaks on their #cruise ships. They’re currently haemorrhaging money and are in dire need of funding

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They’re currently looking for a 3 #billion #dollar #loan from #investors. Who are seeking a 12.5% #interest rate. Carnival plan on using their ships as collateral