Headline, March 07 2019/ '' ' ROBOT! : YA FIRED! ' '' : START-UPS

'' ' ROBOT! : YA FIRED! ' '' :


OVER THE LAST MASTERLY DECADE or so : ' to the true global prominence and honors', just  one start-up made it to the universal crown jewel : The World Students Society. 

The Universe Rises, to give the students of the entire world, a standing ovation. !E-WOW! - now,  has a multiplier of 179.6. That translates into billions of page views and million by millions of students.

RULE OF LAW : All apps, All Incomes, all ad-revenues, all scholarships, all book-rights, all film-rights, all innovations, all awards, all honours, all assistance, all accomplishments, all prizes, is the exclusive ownership of all students of the world.

Everything governed and administered by your duly elected reps, from every country in the world, overseen, by the Founder-Framers, with veto powers, and honored by an International Committee, chosen by you all.

NOW SEE - some start-up are even firing and laying off the Robots. Last month, Cafe X, which operates robot coffee shops and raised $14.5 million in venture funding, closed thee stores in San Francisco.

Henry Hu, its chief executive, said in an email that the company had ''learned everything we could'' from the shops and now plan to ''laser focus'' on airports, where it has two stores.'

A bounce back does not appear likely soon. When Casper - which raised more than $300 million in venture capital - went public last month, its stock promptly plummeted.

That served as a warning to other high-profile start-ups that are expected to go public this year, including Airbnb and DoorDash, the food delivery company. Both companies are losing money.

MANY - MANY START UPS ARE SAGGING AFTER a very difficult 2019, when prominent  ''unicorns'' - companies valued at $1 billion or more by private investors - fell flat on Wall Street.

Uber and its ride-hailing rival Lyft, which are losing billions of dollars a year, staged disappointing  initial public offerings last spring. WeWork, the office rental company, pulled its public offering, ousted its chief executive and cut its valuation by 80 percent late last year.

The retreat is being led by companies that were backed by SoftBank, the Japanese conglomerate, with its $100 billion Vision Fund for investing in start-ups.

SoftBank bet big on companies like Uber and WeWork, as well as the Colombian delivery start-up Rappi and the Indian hospitality start-up Oyo. All have undergone layoffs in recent months.

''You can't build on top of something that's not strong,'' said Seth Besmertnik, chief executive of  Conductor, a marketing business that WeWork acquired in 2018, which he and others recently bought back.

This month, SoftBank reported that its Vision Fund and other investments had led to a $2 billion operating loss in the last quarter of of 2019. In a statement, it said some of its start-ups had acted ''quickly and responsibly to make some difficult decisions to better position themselves for long term success.''

The pullback will probably not be as severe as the dot.com bust in the early 2000s, when dozens of unprofitable internet firms failed.

Today, venture capitalists and other investors still have large pools of money to invest. And certain types of start-ups like those that make tech for business and typically have steady sales - continue raising large sums of money.

But in an industry known for its irrational optimism, skepticism now abounds. In San Francisco, entrepreneurs are quietly sharing tales of skittish investors and a struggle to adapt to a new reality.

Spreadsheets of freshly unemployed workers are circulating on social media.

Start-ups that once touted fast growth are changing their tune. Brad Bao, chief executive of Lime, wrote in a blog post last month  that his scooter company was withdrawing from 12 cities and had shifted its ''primary focus'' to making a profit.

''Firms that were spending money in an uneconomic way can't do it any longer,'' said Stephen N. Kaplan, a professor of finance and entrepreneurship at the University of Chicago.

More workers are questioning the promises from start-ups, Kate Bratskeir said. She lost her job at a start-up twice in 12 months. A year ago, Ms. Bratskier, 30, was laid off from her job as a writer at Mic, a digital media start-up in New York that failed to turn a profit.

In November, she was again let go, this time from a marketing job at WeWork.

The Honor and Serving of the Latest Global Operational Research on Start-ups, Jobs and Markets, continues.

With respectful dedication to the Students, Professors and Teachers of the world. See Ya all prepare and register  for Great Global Elections on The World Students Society : wssciw.blogspot.com and Twitter - !E-WOW! - The Ecosystem 2011:

''' Deflates And Dreams '''

Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless


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