WeWork has signed a deal to provide space to 250 employees of gym membership app...
NEW YORK - WeWork has signed a deal to provide space to 250 employees of gym membership app company Compass in New York, the latest example of the U.S. office-sharing start-up’s majority owner, SoftBank Group Corp, using its connections to buoy its business, people familiar with the matter said on Sunday.
Around 25,000 employees at SoftBank-backed companies, including U.S. ride-hailing start-up Uber Technologies, Brazilian online housing broker QuintoAndar, and online real estate marketplace Compass, are in WeWork offices. WeWork has around 650,000 subscribers worldwide, and hopes to hit 1 million by early 2021, one of the sources said.
Gympass, which was not previously a WeWork client, is a marketplace for corporate clients to offer gym access to employees through a network of over 50,000 gyms and studios around the world.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SoftBank says former employee arrested on suspicion of leaking company infoA former employee of SoftBank Group Corp's wireless business has b...
Read more »
George Takei Picks Fun at Donald Trump After Space Force Logo RevealGeorge Takei doesn't hold back in tweets about Donald Trump's Space Force logo, which was revealed today
Read more »
Antiquated system hampers FDA in tracking deadly E. coli outbreaksA Boston Globe/NBC News collaboration found the FDA often struggles to trace the source of food contamination back to a single farm with certainty.
Read more »
The current IPO market is 'broken,' says IPO ETF creator— here's howCompanies like WeWork that are overvalued before they go public are putting undue pressure on the existing IPO market, says Kathleen Smith, co-founder and chairman of Renaissance Capital.
Read more »