Recode Daily: WeWork has confidentially filed a public call for savings

We, better known as WeWork, has confidentially filed a public call for savings. The coworking giant had originally filed four months ago, but today unveiled its plans. This will be the last of several major start-ups with dizzying appraisals to file an IPO application this year and, like many others, it has not yet proven its profitability. The company was valued at $ 47 billion in its last round of private financing. While the company doubled its revenue last year to $ 1.8 billion, it also doubled its losses to $ 1.9 billion. As the New York Times wrote, companies such as WeWork and Uber "have argued that rapid growth is more important and will eventually prove more lucrative than reaching the break-even point for the moment." WeWork leases coworking offices worldwide and is currently one of the largest business owners in cities such as New York and London – in addition to offering other business areas such as WeLive (a residential living space) and WeGrow (a primary / preschool).[Andrew Ross Sorkin and Michael J. de la Merced / The New York Times]

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Spotify has reached the milestone of 100 million paying subscribers. The streaming music giant announced Monday that it reached this target in its earnings report, beating its main competitor, Apple Music, which currently has about 50 million paid users worldwide. Spotify said it has seen its subscriber base increase by 32% since its IPO last year. Although the growth in the number of users is a major achievement, as the New York Times writes, the company has also "slightly stumbled on its licensing agreements with the recent entry into India" and has seen its profit margins shrink. as a result of its mbadive investments in podcasts. Spotify bought podcasting companies Gimlet Media and Anchor for more than $ 340 million in February and bought another podcasting company, Parcast, for $ 56 million in March.
[Ben Sisario / The New York Times]

Facebook shares its data with more than 60 international scholars who will study the implications of the social network.. This is an unprecedented opening of Facebook's private data to people conducting research and will allow academics to study topics such as the influence of social media on elections. However, Facebook limits the deadline for data reporting, which "means that academics will not be able to badyze the most controversial information," especially in the run-up to the 2016 US presidential elections and of the Brexit vote. The data sharing initiative comes at a time when the company is facing scandals involving the privacy of the user. Facebook said it took steps to introduce "noise" into data sets to anonymize user profiles. The data is strictly limited to academic use.
[Hannah Murphy / Financial Times]

An insecure database stored on a Microsoft cloud service revealed details, including names, addresses, and income levels of more than half of US households. Security researchers Noam Rotem and Ran Locar uncovered the vulnerability on a database of an unknown owner, which included personal demographic information from more than 80 million US households. The owner of the database is ultimately responsible for securing the data, even if that data was hosted on a Microsoft cloud server. Microsoft said it was working with the database owner to remove the confidential information until it has a way to secure it. The incident raises troubling questions about the pervasiveness of privacy breaches by individuals. As the CNET writes:[u]No need for hacking, it is not necessary to get into a computer "to search for data in an unsecured database; Just search for the IP address of an individual you want to view. The article notes that there is no indication to date that cybercriminals have accessed this data.
[Laura Hautala / CNET]

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