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Crowdfunding firm Prodigy Network has sold one of its commercial properties at a $10 million loss, creating further uncertainty for investors in the troubled firm. The company sold 114 East 25th Street — where it operates the co-working space “The Assemblage” — for $41.3 million, property records show. Prodigy purchased the 12-story building for $51 million in 2016, borrowing $35 million. ...
The boom in coworking and flexible offices in the past five years has to a large extent been a city-centre phenomenon. The big brands like WeWork, IWG and The Office Group have focused on central London and big regional cities like Manchester and Birmingham, targeting growth at those areas with a high density of companies and workers.
The cost to acquire a new shopper who completes a purchase is now at $19.47–half of what it was a year ago, according to the 2020 Mobile Shopping Apps Report. And engagement from the install-to-purchase rate is up by 40 percent year over year.
On Wednesday, the Austin-based company announced its $3 million seed round led by Chicago Ventures, with Schematic Ventures, CEAS Investments and
Decisions by Microsoft and Amazon to refrain from sales of facial recognition software to law enforcement agencies could have negative consequences long-term if U.S. lawmakers fail to enact regulations governing the use of the technology, Microsoft CEO Satya Nadella told computer vision researchers this week. “We need to use this moment to advocate for strong national law, otherwise we’ll see ...
Sound decision-making requires access to timely and accurate market information, yet this information is often limited for informal market participants like farmers and traders in the developing world. Studying how to improve the economics and digitisation of large informal markets, MIT Sloan School of Management Prof Joann de Zegher suggests that crowdsourcing price information from market part...
Cushman & Wakefield CEO Brett White, speaking Wednesday on Walker & Dunlop's Walker Webcast, expressed concerns that CoStar is positioning itself as a competitor to its largest clients, and he said he expects brokerages will consider an alternative to the data giant. CoStar founder and CEO Andy Florance responded Thursday in an interview with Bisnow, saying his company doesn't intend t...
Flexible-office provider Knotel lost $223 million last year — even before coronavirus flipped the office market on its head. Company financials, obtained by Business Insider, reveal the startup lost $49 million during the first quarter, ending the period with $36 million in cash on hand. At the time, it reported total assets of $110 million, less than half its total liabilities of $238 million, ...