Daily Crunch: WeWork CEO steps down

This post was originally published on this site

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.

1. CEO ouster, looming layoffs and devaluation turn WeWork into cautionary tale

Adam Neumann succumbed to pressure yesterday to step down as CEO, taking the role of non-executive chairman at the company he co-founded nine years ago.

Layoffs are likely to follow — in fact, sources tell TechCrunch that the scope of these layoffs will be massive, with newer business units scaled back so the company can focus on its core business. (Extra Crunch membership required.)

2. Facebook promises not to stop politicians’ lies & hate

Facebook says it won’t fact check politicians’ speech or block their content if it’s newsworthy — even if that content violates the site’s hate-speech rules or other policies.

3. Nintendo’s ‘Mario Kart Tour’ is out now for iPhone, iPad and Android

Like Nintendo’s other mobile releases, Mario Kart Tour is free to play, with in-app purchases (in-game currency called “rubies”) that you use for upgrades and unlocks.

4. Media metrics giant Comscore pays SEC $5 million in fraud settlement

The

contactedorg

Check out http://contacted.org