Things have gone south all too quickly for WeWork, the SoftBank-backed co-working company that’s become the poster child of the so-called gig economy. Shortly after pushing back its much-hyped initial public offering (IPO) on account of a scare on valuations, founder and CEO Adam Neumann bowed to shareholder pressure and stepped down this week.
In other top news this week, social networking giant Facebook won the digital content rights for cricket matches in India organised by ICC, and government-owned online ticketing platform Indian Railway Catering and Tourism Corporation (IRCTC) set the price band for its proposed IPO at Rs 315-320 per share. The IPO opens Monday, September 30.
TechCircle also caught up with Prakash Mallya, vice president and managing director of Intel India, on how India is a huge market and their plans for the country.
Join our reporters as they bring you up to speed with all these developments in the latest episode of our podcast TechThisWeek #TTW.
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