Connect with us

Tech

WeWork founder Adam Neumann trying to buy back company

WeWork founder Adam Neumann trying to buy back company

Published

on

WeWork founder Adam Neumann trying to buy back company

opens new tab founder Adam Neumann is trying to buy back the flexible workspace provider after it filed for bankruptcy in November, CNBC reported on Tuesday, citing DealBook.

Neumann’s new real estate company, Flow Global, has sought to buy WeWork or its assets, as well as provide bankruptcy financing to keep it afloat, DealBook reported.

WeWork declined to comment on the report. Flow Global did not immediately respond to a Reuters request for comment.

The news comes a day after an attorney for WeWork said the company may be forced to take a new bankruptcy loan to make up for the slower-than-expected progress on rent negotiations.

Advertisement

Under Neumann, WeWork grew to be the most valuable U.S. startup worth $47 billion. But his pursuit for growth at the expense of profit and revelations about his eccentric behavior led to his ouster and the derailment of an initial public offering in 2019.

The SoftBank-backed company racked up losses on its long-term lease obligations as more people began working from home during the pandemic and demand for office space plunged.

Shortly before WeWork filed for bankruptcy, Neumann said in a statement, “I believe that, with the right strategy and team, a reorganization will enable WeWork to emerge successfully.”

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

WhatsApp unveils new text formatting feature for enhanced communication

WhatsApp unveils new text formatting feature for enhanced communication

Published

on

By

WhatsApp unveils new text formatting feature for enhanced communication

WhatsApp has unveiled a groundbreaking feature that revolutionizes text messaging by allowing users to customize their messages like never before.

Prior to this update, users were limited to basic text modifications such as bold and italic; however, the new feature introduces a plethora of formatting options, including numbers, bullets, block quotes, and text highlighting.

The process is simple and intuitive, requiring users to incorporate specific symbols to achieve their desired text format. For monospacing text, users can enclose their message with three backticks on both sides. Adding a quote is as easy as placing an angle bracket and a space before the text.

To strike through a message, users need to flank their text with tilde symbols, while bolding requires asterisks on both sides. One of the standout additions is the ability to create bulleted lists effortlessly. Users can precede each word or sentence with an asterisk or hyphen and a space to generate a neatly organized list.

Advertisement

Moreover, numbering and spacing at the beginning of text with “1.” facilitates the creation of itemized lists, enhancing the overall clarity and structure of messages.

Inline code can now be seamlessly integrated into messages by enclosing the text with backtick symbols at the start and end. This provides users with a practical way to share code snippets or emphasize specific phrases within their conversations.

The accompanying image showcases the versatility of this new feature, illustrating the various formatting options available to users. WhatsApp users across iOS, Android, and web devices can now leverage this advanced text formatting feature to elevate their communication experience.

The update reflects WhatsApp’s commitment to continually enhance user experience and foster more expressive and organized conversations. Whether you’re conveying information, emphasizing key points, or sharing code snippets, the new formatting options provide a dynamic and engaging communication platform for users worldwide. 

Advertisement
Continue Reading

Tech

Meta to set up team to counter disinformation, AI abuse in EU elections

Meta to set up team to counter disinformation, AI abuse in EU elections

Published

on

By

Meta to set up team to counter disinformation, AI abuse in EU elections

 Facebook owner Meta will set up a team to tackle disinformation and the abuse of generative artificial intelligence in the run-up to European Parliament elections in June amid concerns about election interference and misleading AI-generated content.

The rapid growth of generative AI, which can create text, images and video in seconds in response to prompts, has triggered fears that the new technology could be used to disrupt major elections, across the world this year. 

European Parliament elections will take place June 6-9. Its 720 lawmakers, together with EU governments, pass new EU policies and laws.

“As the election approaches, we’ll activate an Elections Operations Center to identify potential threats and put mitigations in place in real time,” Marco Pancini, Meta’s head of EU affairs, said in a blogpost.

Advertisement

He said experts from the company’s intelligence, data science, engineering, research, operations, content policy and legal teams will focus on combating misinformation, tackling influence operations and counter the risks related to the abuse of generative AI.

Meta, which currently works with 26 independent fact-checking organisations across the European Union covering 22 languages, will add three new partners in Bulgaria, France, and Slovakia, Pancini said.

Meta, Microsoft, OpenAI and 17 other tech companies earlier this month agreed to work together to prevent deceptive artificial-intelligence content from interfering with elections across the globe this year.

Advertisement
Continue Reading

Tech

‘X’ faces prolonged suspension across Pakistan

‘X’ faces prolonged suspension across Pakistan

Published

on

By

'X' faces prolonged suspension across Pakistan

The popular microblogging site ‘X,’ formerly known as Twitter, has been inaccessible across Pakistan for over a week. 

Despite a brief interval when the site was accessible, users are now reporting a persistent outage, even when using Virtual Private Network (VPN) services.

The Pakistan Telecommunication Authority (PTA), the government agency responsible for overseeing telecommunications, hasn’t released any official statement regarding the suspension of the service.

This lack of transparency has only intensified the frustration among users who heavily rely on ‘X’ for information and news updates. Users who initially turned to VPNs as a workaround have also hit a roadblock, as the microblogging site remains inaccessible. 

Advertisement

The situation has raised concerns about the government’s stance on digital freedom and freedom of speech. The outage has not gone unnoticed by the public, with many expressing their discontent on various platforms. 

Criticism has been directed towards the government and the IT minister for what is perceived as an attack on freedom of speech and a hindrance to the revenue generated by the country’s thriving IT professionals.

Earlier, the Sindh High Court issued a directive to restore access to ‘X’ across Pakistan, recognising the site’s significance for information dissemination. However, despite court’s order, there has been no implementation, leaving users and advocates of digital freedom in a state of dismay.

The suspension of ‘X’ has broader implications, impacting not only the general public but also businesses and professionals who rely on the platform for communication, networking, and staying informed about the latest developments. The longer the outage persists, the more severe the consequences may be for the nation’s digital landscape.

As the public awaits an official statement from the PTA and the government, concerns about the potential ramifications of such a prolonged suspension continue to grow.

Advertisement

Continue Reading

Trending

Copyright © GLOBAL TIMES PAKISTAN