-68%: WeWork’s IPO may be put on hold as SoftBank, which has invested $10B+ in the company, reportedly considers pushing for a delay. The co-working company was last valued at $47B at its Series H in January, but recent rumors have pointed towards an IPO valuation as low as $15B — a 68% decrease. We dig into how the startup approaches its business in our report on how WeWork makes money.
8x: Astronomers have detected water vapor in the atmosphere of a planet around 111 light years away, according to a paper published in Nature. The planet is about 8x the mass of ours and falls within the “habitable zone” of its star, meaning its temperature may be able to support liquid water — viewed as a key precursor for life to evolve. This is the first time water has been detected in a habitable zone planet outside of our solar system.
30,000: Amazon is seeking to fill around 30,000 jobs at an “Amazon Career Day” that it’s hosting across 6 cities. In 2017, the company attempted to fill 50,000 jobs using a similar approach, but only 20,000 people reportedly even turned up. Amazon may be hoping to use some of its prospective new hires to disrupt these 7 industries.
$460B: Jack Ma, the founder of China-based e-commerce giant Alibaba stepped down as chairman of the company, around 6 years after giving up the CEO position. The move marks another step in Ma’s gradual disentanglement from Alibaba’s senior leadership positions as the tech company, which has a market cap of about $460B, looks to weather global trade uncertainty and faces increasing competition in its home market.
$1.7B: Attorney generals from 48 US states, Puerto Rico, and Washington, DC are launching a host of antitrust investigations into Google. The focuses include looking at the tech giant’s advertising, search, and acquisition practices. The move follows a $1.7B fine that Google received from the EU in March for using anti-competitive tactics. Do Google’s previous company purchases point to unsporting behavior? Decide for yourself by taking a look at Google’s biggest acquisitions.
450+: The CDC says that 6 people in the US have died from a lung disease linked to vaping. The health protection agency believes that the ailment is associated with over 450 cases across 33 states, prompting the White House to consider banning flavored e-cigarettes. All this could be bad news for vaping giant Juul, which has raised $14B+ and was last valued at up to $50B.
94,504 bitcoins: Approximately $1B worth of bitcoin was moved in a single transaction totaling 94,504 units of the cryptocurrency. The transfer is thought to be the largest ever bitcoin transaction by dollar value, based on the exchange rate at the time of the anonymous trade. Bitcoin is based on blockchain technology, which has far broader applications beyond powering cryptocurrencies. Here are 55 industries the tech could disrupt.
27 hours: Researchers have found that cooling harvested human livers down to around 25 degrees Fahrenheit — 7 degrees below freezing — extends their shelf-life by 3x compared to keeping them on ice. The study found that the livers remained viable for 27 hours, pointing towards a potential way to improve organ transplants. Interested in where healthcare is going next? Come to our Future of Health conference in NYC, Oct 2-3.
One More Thing
Source: 2D Cafe via deMilked
A new cafe in Tokyo’s Shin Okubo district is designed to look like a black and white comic book. The illusion is created with white and cream paint and bold, dark borders on all of the furniture — though some features of the cafe are actually painted on the walls.
2D Cafe serves coffees, juices, bubble teas, and various deserts.