Daily Crunch: WeWork delays its IPO

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1. WeWork withdraws its S-1 filing, will delay its IPO

The move was widely expected, but The We Company (which owns WeWork) made it official yesterday, with new co-CEOs Artie Minson and Sebastian Gunningham declaring that they’ve “decided to postpone our IPO to focus on our core business.”

Since the company’s S-1 became public, it has faced intense scrutiny over the general state of its finances, and more specifically over the power and behavior of Adam Neumann, who stepped down as CEO last week.

2. Europe’s top court says active consent is needed for tracking cookies

It’s a decision that plunges many websites into legal hot water in Europe. The Court says consent must be obtained prior to storing or accessing non-essential cookies, such as tracking cookies for targeted advertising.

3. Twitter launches its anti-abuse filter for Direct Messages

Twitter is rolling out its spam and abuse filter for Direct Messages, a month and a half after the company announced it had started testing the feature.

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