Daily Crunch: WeWork delays its IPO
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The move was widely expected, but The We Company (which owns WeWork) made it official yesterday, with new co-CEOs Artie Minson and Sebastian Gunningham declaring that they’ve “decided to postpone our IPO to focus on our core business.”
Since the company’s S-1 became public, it has faced intense scrutiny over the general state of its finances, and more specifically over the power and behavior of Adam Neumann, who stepped down as CEO last week.
It’s a decision that plunges many websites into legal hot water in Europe. The Court says consent must be obtained prior to storing or accessing non-essential cookies, such as tracking cookies for targeted advertising.
Twitter is rolling out its spam and abuse filter for Direct Messages, a month and a half after the company announced it had started testing the feature. This should be useful for people who want to keep their DMs open without having to see abusive content.
Earlier this summer, Microsoft introduced an extra layer of security for its OneDrive product, allowing users to protect their files with two-step verification. Now it’s rolling this feature out worldwide.
The company’s new mobile experience includes a dedicated “For You” tab where a continually updated feed of content is presented to users, including music and podcast recommendations.
Currently, Rapyd lets customers use its API to enable checkout, funds collection, fund disbursements, compliance as a service, foreign exchange, card issuing and integration.
SmartNews’ Jeannie Yang talks about the app’s place in the media ecosystem, creating recommendation algorithms that don’t reinforce biases, the difference between its Japanese and American users and the challenges of presenting political news in a highly polarized environment. (Extra Crunch membership required.)