WeWork 2.0?
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 17 August 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
Amazon has accused the FTC of harassing top executives as part of an antitrust investigation, hedge fund Elliott Management has dumped almost all of its shares in SoftBank, and Harvard will offer tuition-free MBA programs to low-income students. Plus, the man who blew up WeWork, Adam Neumann, has a new real estate venture that’s attracted a major investment from Silicon Valley royalty.
Mentioned in this podcast:
Amazon accuses FTC of harassing executives including Jeff Bezos and Andy Jassy
Hedge fund Elliott dumps SoftBank stake after souring on Masayoshi Son
Andreessen Horowitz backs WeWork co-founder’s property venture
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk. |
| 0:09.8 | Good morning from the Financial Times. |
| 0:11.4 | Today is Wednesday, August 17th. |
| 0:13.5 | This is your FT News Briefing. |
| 0:18.5 | Amazon says US regulators are harassing Jeff Bezos and other top executives. |
| 0:23.9 | Soft banks rotten year keeps getting worse, |
| 0:26.6 | and we work's infamous founder. |
| 0:28.4 | That Newman is back with a new venture. |
| 0:31.4 | So far, you know, most people have spoken to seem completely baffled by the whole thing. |
| 0:35.9 | But it is still attracting some really big name investors. |
| 0:40.0 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:52.5 | US regulators have been investigating whether Amazon uses deceptive tactics to lure |
| 0:57.7 | customers into signing up for the company's hugely profitable prime subscription service. |
| 1:03.0 | But now, Amazon is pushing back. |
| 1:05.9 | It's accusing the Federal Trade Commission of harassing top executives, including Jeff Bezos, |
| 1:11.2 | and current CEO Andy Jassy. |
| 1:13.6 | Here's the FT's Dave Lee with the details. |
| 1:16.7 | Basically, Amazon thinks and has said the FTC is out to get them. |
| 1:22.4 | That it has an agenda of endetta. |
| 1:25.0 | This is mostly because the new chair of the FTC, |
| 1:28.7 | Lee and I can't, has risen to prominence because of academic papers. |
... |
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