No IPO in sight for WeWork; is Uber's morale dropping along with its stock?, and more top news

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It's official: WeWork has withdrawn its prospectus for an initial public offering, giving no new time frame going public. Artie Minson and Sebastian Gunningham, the new co-CEOs, say they are postponing the offering to focus on the office-sharing startup's core business of leasing shared office space. The move threatens a $6 billion credit facility that hinged on an offering this year, Bloomberg reports, citing anonymous sources; Standard & Poor's has already lowered the company's credit rating. ? Here’s what people are saying. 

Speaking of IPOs: Uber's public offering hasn't been the boon that employees likely hoped, according to The Washington Post. Since going public, the company's share price has fallen around 30%, sparking cuts to staff and amenities alike — including the handing out of "Uberversary" balloons. Uber is also shifting from user experience and research to more testing of in-app features. The changes have hit employee morale and pocketbooks, the report said, citing former employees. ? Here’s what people are saying. 

The technology behind Amazon’s cashierless Go stores may soon pop up at airports or movie theaters, reports CNBC, citing anonymous sources. The e-commerce giant currently has 16 Go stores that use the technology, and is reportedly aiming to have its payment system in hundreds of stores by the end of 2020. If successful, the ongoing talks could expand Amazon’s footprint beyond online shopping and help form relationships with retailers that may otherwise see the company as competition. ? Here’s what people are saying. 

Stalling technological advances have slowed U.S. oil production, according to the latest figures from the Energy Department — hurting employment in some of America’s hottest oil regions. The slowdown has come as close-together wells produce less than expected and sweet spots run out, The Wall Street Journal reports, although some analysts expect shale will continue to grow for many years. U.S shale production currently makes up about 10% of the global oil supply. ? Here’s what people are saying.

The competition for college students can now continue long after acceptance decisions have been made. The National Association for College Admission Counseling has changed its code to allay antitrust concerns raised by the Justice Department, which found that the rules limited students’ chances of getting the best price on an education. Colleges and universities can offer incentives like extra financial aid to bind early-decision applicants, pursue new undergraduates who have already committed to other schools, and recruit as transfer students applicants who were admitted but chose to enroll elsewhere. ? Here’s what people are saying.

Idea of the Day: We don't have to resign ourselves to the fact that some senior leaders are short term-focused, author Simon Sinek says in an interview with LinkedIn.

“We can’t change them. But we can show up to work every single day and be the leaders we wish we had.”

What's your take on today’s stories? Share your thoughts in the comments.

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