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Morning Brew Daily

WeWork Goes Bankrupt & Trump Takes the Stand

Nov 7, 2023
27:36
Snipd AI
In this podcast, the hosts discuss Trump's civil fraud case, the bankruptcy of WeWork, and the Epic Games vs. Google trial. They also explore the trend of workers not quitting their jobs.
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Podcast summary created with Snipd AI

Quick takeaways

  • Former President Donald Trump testified in a civil fraud case for inflating his assets and faces potential financial penalties.
  • WeWork's Chapter 11 bankruptcy filing highlights the challenges and need for new revenue streams in the coworking industry.

Deep dives

Former President Trump testifies in $250 million civil fraud case

Former President Donald Trump testified in a $250 million civil fraud case where he is accused of inflating his assets to obtain better loan terms and policies. The judge has already ruled that Trump is liable for fraud, and the trial will determine the extent of the financial penalties and Trump's future business prospects in New York. The valuation of Mar-a-Lago, Trump's Florida estate, is a key focus of the case, with the judge finding that Trump exaggerated its worth by as much as 2,300 percent.

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