Business · Fortune Technology
WeWork’s latest comeback bet fits inside a phone booth
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The reporter has long been fascinated with companies that fail, often spectacularly, only to be reborn in a smaller but profitable form.
Key facts
- Topping the laggards: Cape Coral, Fla. at a 9.6% drop; the biggest winner was Kansas City at +8.6%
- But that changed when the reporter saw ‘WeWork Go’ emblazoned on the side of what looks like a transparent phone booth, the company’s first new product since July 2022, when WeWork was still trading
- The U.K.’s FTSE 100 was down 0.33% in early trading
- Almost unmanageable’: Raising a child in the U.S. now costs more than $300,000 by Jacqueline Munis
Summary
In today’s CEO Daily: Diane Brady reports on a new product from a slimmed-down WeWork. The big leadership story: An AI push didn’t spare Intuit from the SaaSpocalypse. The markets: Mostly down as optimism for a Iran peace deal fades. It’s launching a private office pod today that’s emblematic of a more focused and asset-light direction for the brand.