GENERAL NEWS

VALLEY OF CORONAVIRUS

May 29, 2020

Sushant Chavan
Sushant Chavan

Fallen Unicorns

Softbank in its annual earnings presentation reported losses worth $18 Billion, a first for the fund, since its inception in 1994. Masayoshi Son, the CEO of Softbank, used the image above to describe how many of its ambitious bets, have plunged in the mythical “valley of coronavirus”.

Tech leads the way for WFH

Twitter and Square CEO Jack Dorsey was the first to announce a forever work from home policy for all its employees. The trend quickly caught on with the likes of Shopify, Amazon, Facebook, Microsoft, and Slack announcing the extension of their work from home approach till the end of 2020. Of course, not every company has said no to having an office space. But it is sure that the future of the workplace is going to be significantly different in the coming years.

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