Last year, WeWork's botched IPO left it teetering on the edge of insolvency until SoftBank stepped in with a roughly $10 billion rescue package. The deal gave SoftBank 80% ownership of the startup. Neuman had already stepped down as CEO amid anger from employees and investors over his leadership of the company. … [Read more...] about WeWork rescue plan hits a snag as SoftBank backs out of $3 billion share buyout
Tech
Coronavirus live updates: U.S. death toll exceeds 5,000
4:23 p.m. ‘Severity’ changed view on coronavirus, Trump says: During a White House briefing, President Trump was asked about shifts in his public messages about the coronavirus. In early March, Trump issued a tweet comparing death totals from the flu with then-data for COVID-19. He was asked Wednesday about ceasing comparisons between the flu and the coronavirus, which he termed “vicious” this week. “I think the severity,” Trump said. “I think also in looking at the way, the contagion, it is so contagious. Nobody’s ever seen anything like this where large groups of people all of a sudden, just by being in the presence of somebody, have it. Flu has never been like that. Flu is contagious, but nothing like we’ve ever seen here. Also the violence of it. If it hits the right person - and you know what those stats are - if it hits the right person, that person’s in deep trouble.” … [Read more...] about Coronavirus live updates: U.S. death toll exceeds 5,000
Bridge failure severs Big Sur’s ties to outside world
“There are people who panic and want to leave right away,” said resident Adam House, eating donated chili with his young daughter, Abigail, at the Fernwood Resort north of town, where people who can’t get home are hanging out. “There are other people who say ‘Let’s get the soup going.’ Survival isn’t about a bunch of high-tech gear. It’s about perspective. Now there is no agenda. It’s not so bad.” … [Read more...] about Bridge failure severs Big Sur’s ties to outside world
Chinese smartphone health code rules post-virus life
A vast, computerized system popularly known as social credit is intended to enforce obedience to official rules. People with too many demerits for violations ranging from committing felonies to littering can be blocked from buying plane tickets, getting loans, obtaining government jobs or leaving the country. … [Read more...] about Chinese smartphone health code rules post-virus life
