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Adam Neumann, CEO Of WeWork Has Reportedly Cashed Out Of Over $700 Million Ahead Of Its IPO

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Adam Neumann, CEO Of WeWork Has Reportedly Cashed Out Of Over $700 Million Ahead Of Its IPO

Adam Neumann, the chief executive, and co-founder of the international real estate co-working start-up WeWork has cashed out over $700 million from his company just prior to its public offering.

The size and timing of the pay-outs, made through a mix of loans and stock sales secured by his equity in the company is unusual, considering the fact that founders usually wait until after a company holds its public offering to liquidate their holdings.

Despite sales of stock and loans, reported by The Wall Street Journal, Neumann remains to be the single largest shareholder in the company.

According to the reports of the journal:

“Neumann has already set-up a family office to invest the proceeds and begun to hire financial professionals to run it.”

He is also known to make significant investments in real estate in San Francisco and New York. This includes four homes in the New York metropolitan area and a $21 million, 13000 square-foot house in the Bay Area complete with a guitar-shaped room. It is reported that Neumann had spent around $80 million on real estate.

Other than that Neumann is also known to invest in commercial real estate. This includes properties in Calif, New York, and San Jose. At least four of his properties are leased to WeWork, to the tune of several million dollars in rent. As reported by the journal:

“Neumann will transfer those property holdings to a WeWork-controlled fund.”

He has also made investments in start-ups in recent years. He is reported to have an equity stake in seven companies including Intercure, EquityBee, Selina, Hometalk, Feature.fm and Pins.

Neumann is actually reaping great rewards from stock sales and loans. His rewards are the highest recorded by a private company executive. In recent years, Evan Spiegel sold $8 million in stock and borrowed $20 million from Snap before its 2017 public offering. Stewart Butterfield, chief executive of Slack Technologies sold $3.2 million of stock before Slack’s public offering in June.

WeWork has refused to comment anything on the matter.

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Archinaut snags $73 million in NASA funding to 3D-print giant spacecraft parts in orbit

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Archinaut snags $73 million in NASA funding to 3D-print giant spacecraft parts in orbit

A project to 3D-print bulky components in space rather than bring them up there has collected $73.7 million contracts from NASA to explain the technique in space. Archinaut is a mission that is being developed for several years now and it can launch as soon as 2022.

However, the main problem is:

“If you want a spacecraft to have solar arrays 60 feet long, you need to bring 60 feet of structure for those arrays to attach to. They can’t just flap around like ribbons. But where do you stash a 60-ft pole or two 30-ft ones, or even 10 six ft? ones when you only have a few cubic feet of space to put them in? It gets real complicated real fast to take items with even a single large dimension into space.”

Archinaut’s solution is actually very simple. They suggested that they can simply take the material for the long component into space and print it out on the spot. That’s because there is no other compact way to keep the material than as a brick of solid matter.

Naturally, this extends to more simply pole and rods, sheets of large materials for things like light sails, complex interlocking structures on which other components can be mounted. There are many things too big to take into space in one piece. But which could be made of smaller ones if necessary?

Made in Space have already made contracts with NASA and has also explained 3D printing of parts abroad the International Space Station. It has also shown that it can print things in an artificial vacuum which happens to be more or less equivalent to a space environment.

Archinaut One, the demonstrator mission would launch aboard a Rocket Lab Electron launch vehicle no earlier than 2022. After achieving a stable orbit it will start extruding a pair of beams that will eventually extend out 32 feet. These beams will have solar arrays attached to them that will unfurl at the same rate as the rigid structures attached to the beams.

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Microsoft releases new Windows 10 preview with calendar, your phone, and passwordless improvements

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Microsoft releases new Windows 10 preview with calendar, your phone, and passwordless improvements

Today, Microsoft released a new Windows 10 preview with your phone, calendar, and passwordless improvements. The update bumps Windows 10 from build 18932 to build 18936. These builds are known to belong from the 20H1 branch which represents the Windows 10 update that is going to arrive in the first half of the coming year.

Windows 10 is developed as a service. This basically means that:

“it is going to receive new features on a regular basis.”

So far Microsoft has released 7 major updates that include: Fall creators update, November update, anniversary update, creators update, April 2018 update, October 2018 update and may 2019 update.

The Your phone’s app phone screen feature is designed to support the surface laptop, surface laptop 2, surface pro 4, surface pro 5, surface pro 6, surface book and surface book 2. This is possible because of the driver update. Your phone is still limited to only a few selected phones powered by Android 7.0 or greater. This includes Samsung galaxy S10e, one plus 6T, OnePlus 6, Galaxy Note 8, galaxy note 9, Galaxy A8+, Galaxy A8, Galaxy S8+, Galaxy S8, Galaxy S9+, Galaxy S9, Galaxy S10+, and Galaxy S10.

Now you can easily create new reminders and events when you click on the date in the taskbar. All you need to do is select the desired date and start typing. You will get to see inline options to set a time and location.

Other than that you will also be able to enable passwordless sign-in for your Microsoft accounts on your new Windows 10 device. This particular feature will switch all Microsoft accounts on your Windows 10 device to modern authentication with Windows Hello Face, PIN or Fingerprint.

Bug fixes

This 20h1 build also includes many bug fixes:

  1. It has fixed an issue that was causing problems installing games through the Xbox app in the previous flight.

Known issues

  1. Insiders may notice some change in Magnifier with today’s build, but they aren’t quite ready yet for you to try.

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Google Pixel 4 Render Shows Phone In Its Big Bezel Glory

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Google Pixel 4 Render Shows Phone In Its Big Bezel Glory

Google has recently leaked an image of the upcoming Pixel 4. But the picture only shows the back of the phone.

What seemed to be an as real-world photo of Google’s upcoming flagship phone Pixel 4 has now turned out to be a fan-made render? The picture was surfaced on Slashleaks.

However, it is a good thing as the design that we see in the picture is no way a stunner.

Right off the bat, you will notice that the bezel about the screen is thick and houses two front cameras. The bottom bezel or chin is a bit chunky too but not as much as the top.

The back of the Pixel 4 render shows a square bump for the camera and flash. This looks similar to what is expected to come with iPhone 11. However, it is still not clear how far this bump juts from the rest of the design.

You can also make out a volume rocker and power button on the right side of the mobile. In case, you have heard any rumors about a buttonless Pixel 4 would be bunk.

If you take a closer look at any other available premium phones such as OnePlus 7 Pro and its full-screen design it’s hard not to see this Pixel 4 render as dowdy. You may not have to deal with a pop-up camera or worry about breaking it over time.

Other smartphones like Xiaomi and Oppo are moving ahead with bezel-free phones which can hide the front camera under the display.

“That’s more of an elegant way of ditching the notch or forehead.”

Samsung is also known to work on something similar. However, it is not expected to be launched in time for the Galaxy Note 10.

With all honesty, this render is not at all impressive. We can only hope that what we see in the picture is all bunk and the original Pixel 4 is much better than this. But all we can do is wait and hope that the real phone turns out to better.

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