The podcast discusses Adam Neumann's involvement in the apartment startup Flow, the potential acquisition of Macy's, and TikTok Shop's expansion in Indonesia. It also explores the exclusivity of Soho House, Netflix's sports streaming strategy, and provides updates on Adam Newman's startup and Fort Lauderdale real estate market.
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Quick takeaways
Former WeWork CEO Adam Neumann has launched a startup called Flow, focused on creating apartment buildings with open and social living spaces.
TikTok is investing $1.5 billion in Indonesia's go-to go-jek to become the controlling shareholder of its online shopping arm, aiming to regain a strong presence in the Indonesian market after the government banned social media app shopping.
Deep dives
Flow, Adam Newman's new startup, is shaping up with apartment buildings
Adam Newman, the former CEO of WeWork, has launched a new startup called Flow. The startup is focused on creating apartment buildings and has recently unveiled its first property, Society Las Olas in Fort Lauderdale. This building features over 600 units and showcases Flow's vision of creating more open and social living spaces. However, it remains unclear how Flow differentiates itself from traditional modern apartment complexes.
TikTok invests $1.5 billion in go-to go-jek to become controlling shareholder
TikTok, the popular social media app, is investing $1.5 billion in Indonesia's go-to go-jek, with the aim of becoming the controlling shareholder of go-jek's online shopping arm. Go-jek is often referred to as the equivalent of Uber in Indonesia and offers a range of services from food delivery to transportation. This investment comes after the Indonesian government banned social media app shopping, forcing TikTok to close its online shopping feature. By investing in go-jek, TikTok is looking to regain a strong presence in the Indonesian market.
Netflix adds live tennis match to its lineup, signaling further foray into live sports
Netflix continues to expand its content by adding live sports to its lineup. The streaming giant will broadcast a tennis match between Rafael Nadal and Carlos Alcaraz, called the Netflix Slam. This is part of Netflix's strategy to offer big event-style sports matches to keep subscribers engaged. While this move into live sports is not entirely new, with other subscription companies like HBO doing it, it highlights Netflix's intention to venture further into the live sports space.
Adam Neumann holds the keys to Flow, an apartment startup that received a large investment in 2022. So what exactly is Flow doing and more importantly, how are the prices looking? Plus: A big money offer was made for Macy’s and TikTok Shop is bulking up in Indonesia.
Join our hosts Jon Weigell and Rob Litterst as they take you through our most interesting stories of the day.
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