Why WeWork’s losses in Europe tripled last year

WeWork’s European expansion continues amid mixed success, at least according to the books. The co-working company’s losses in Europe tripled in 2017, according to the Financial Times. The reasons appear to stem from costs related to staffing–which tripled– infrastructure and rent. The latter of which both rose 60 percent and 53 percent respectively, and are[…]

The new must-haves for a home in the Hamptons? Safe rooms, bullet-proof windows and stockpiles of weapons

Money may not buy happiness, but it could buy safety, homeowners in the Hamptons hope. Residents are shelling out thousands, if not millions of dollars, to install safe rooms and top-notch security systems in fear of the brutal gang, MS-13, according to the New York Post. The gang is known for operating in Suffolk County[…]

Government plans to seize Manafort’s Hamptons home, Trump Tower condo in two weeks

The federal government has started the process of seizing two of Paul Manafort’s New York properties. The former Trump campaign chair negotiated forfeiting five properties as part of a plea deal with special counsel Robert Mueller’s office in September. Yesterday, prosecutors filed documents to allow the government to take possession of two of the residences,[…]

Chinese Airbnb rival is raising funds to take on the American kingpin of home-sharing

The multi-billion-dollar home-sharing industry, which is transforming short-term rental markets around the globe, could soon be redefined by new competitors. One of Airbnb’s biggest rivals, Xiaozhu, is in talks with investors for more than $200 million to take on the pioneering American home-sharing giant, Bloomberg reported. The company’s website lets users rent and host homes[…]