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WeWork invests $500 million to grow in Southeast Asia and Korea

Courtesy of WeWork

Continuing its expansion in Asia, office rental company WeWork is investing $500 million in Southeast Asia and Korea. It has also acquired local office co-working startup Spacemob for an undisclosed amount (the value is part of the total amount WeWork is investing in the region). WeWork declined to disclose the source of the funds.

Asian expansion: Last month, WeWork announced a $500 million investment into its new Chinese business, with funds from SoftBank and existing investor Hony Capital. It also created a joint venture in partnership with SoftBank to bring the company's business to Japan.

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24 mins ago - Health

Who benefits from Biden's move to reopen ACA enrollment

Photo: Chip Somodevilla/Getty Images

Nearly 15 million Americans who are currently uninsured are eligible for coverage on the Affordable Care Act marketplaces, and more than half of them would qualify for subsidies, according to a new Kaiser Family Foundation brief.

Why it matters: President Biden is expected to announce today that he'll be reopening the marketplaces for a special enrollment period, but getting a significant number of people to sign up for coverage will likely require targeted outreach.

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Sara Fischer, author of Media Trends
1 hour ago - Technology

Big Tech bolts politics

Illustration: Eniola Odetunde/Axios

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Felix Salmon, author of Capital
2 hours ago - Economy & Business

GameStop as a metaphor

Illustration: Aïda Amer/Axios

A half-forgotten and unprofitable videogame retailer is, bizarrely and incredibly, on the lips of the nation. That's because the GameStop story touches on economic and cultural forces that affect everyone, whether they own a single share of stock or not.

Why it matters: In most Wall Street fights, the broader public doesn't have a rooting interest. This one — where a group of small traders won a multi-billion-dollar bet against giant hedge funds by buying stock in GameStop — is different.

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