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Apple surpasses Microsoft as most valuable company and WeWork emerges from bankruptcy 👨‍💻

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Product Scoop
June 14, 2024

Happy Friday Scoopers 🙌

We made it, the weekend is finally here. We’re back with another informative, brain busting edition of Product Scoop - the newsletter delivering insights, news, analysis, and an inside view into the world of tech. We’ve changed up the format today and want to hear your feedback. Check out the poll at the bottom of the scoop.

Without further ado, here’s your scoop below👇

Fintech Brex abandons co-CEO model, talks IPO, cash burn and plans for a secondary sale | TechCrunch

Pedro Franceschi will serve as sole CEO of fintech Brex while Henrique Dubugras becomes chairman of the board.

techcrunch.com/2024/06/12/fintech-brex-abandons-co-ceo-model-talks-ipo-cash-burn-and-plans-for-a-secondary-sale

Apple briefly surpasses Microsoft as world's most valuable company after unveiling AI plans

Apple reclaimed the title of the world's largest company by market cap after an artificial intelligence-heavy conference sparked investor enthusiasm.

www.cnbc.com/2024/06/12/apple-aapl-most-valuable-company-in-world.html

WeWork emerges from bankruptcy, announces John Santora as new CEO

WeWork, once valued at $47 billion by private investors, emerged from bankruptcy on Tuesday with a new CEO from Cushman & Wakefield.

www.cnbc.com/2024/06/11/wework-announces-emergence-from-bankruptcy-names-john-santora-ceo-chapter-11.html

Databricks tells investors annualized revenue will reach $2.4 billion at midway point of year

Databricks says it's signing up more big customers, and existing clients are spending more.

www.cnbc.com/2024/06/12/databricks-says-annualized-revenue-to-reach-2point4-billion-in-first-half.html

Genetic testing firm 23andMe investigated over hack

Criminals gained access to 6.9 million records when the firm was hacked in October 2023.

www.bbc.com/news/articles/c3gg17pq5y9o

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