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Investing Playbook

WeWork gets new $1.1B commitment from SoftBank

The owner of money-losing shared office provider WeWork told employees on Thursday it has slashed its cash burn rate almost in half from the end of last year and obtained a $1.1 billion commitment in new financing from majority owner SoftBank. 

Blackstone discussed joining Microsoft in potential bid for TikTok

The move by Blackstone comes as ByteDance is facing pressure from the White House to sell TikTok to a U.S. company or face the likelihood that the app will be banned in the U.S. over concerns that the Chinese government uses customer data for surveillance purposes.

Robinhood app luring and robbing amateurs — like in the dot-com era

In the 1990s, newbie investors took the brunt of the dot-com crash, with some losing their lifesavings, well after professional traders had sold their positions. Now history may be repeating itself in the form of Robinhood, a stock-trading app that has become something of a cultural phenomenon during the pandemic.

Angel investor wants to hire teacher for backyard 'microschool'

The investor's decision to host a private school at his home comes as several large school districts in California, including San Francisco, announced that their schools will not immediately return to classrooms and instead will begin the new term online.