Remove Hype Remove Kuwait Remove Profit
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A look at how proptech startup Knotel went from a $1.6B valuation to filing for bankruptcy

TechCrunch

“In addition to being grossly overvalued on the market, the company overextended itself with long term leases and lavish build-outs, leaving the company in significant debt while failing to ever turn a profit,” Pasternak wrote via email. There’s hype around the company in its early days. million square-foot NYC portfolio.

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Platforms successfully stopped a lame COVID conspiracy video from going viral

The Verge

In short: bog-standard anti-vaxx conspiracy theories, rooted in the notion that a handful of shadowy elites brought the world to a standstill in order to profit from it. The more aggressive apps introduced in South Korea and Kuwait may have been more effective, but they also introduced privacy concerns.

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