Latest news with #Santora
Yahoo
26-04-2025
- Business
- Yahoo
WeWork CEO says tariff uncertainty is actually good for his business: 'Who's prepared to commit to a 10- or 15-year lease?'
Many businesses are bracing for negative impacts from tariffs. WeWork actually sees an upside. Its CEO told Semafor that tariff uncertainty is actually a boon for the coworking space company. "With all the uncertainty around tariffs, who's prepared to commit to a 10- or 15-year lease?" he said. Many companies are sounding the alarm on the negative repercussions of tariffs on their businesses. Not WeWork. WeWork CEO John Santora said Thursday at the Semafor World Economy Summit that the economic uncertainty around tariffs has actually attracted more business for the coworking space company. "So if we look at it and just take today's environment with all the uncertainty around tariffs and what's happening, who's prepared to commit to a 10- or a 15-year lease with $50 or $100 million spend?" Santora said. "The world, business, investments are all on a pause right now until you determine what impact it's going to have on your company, on your supply chain, on the cost of all of that," he added. "So we're seeing companies that are in our spaces today extend, companies that haven't been in our spaces before talking to us about 'Can you fill the short-term gap for us? What can you do for the next six months?'" Santora expanded on his remarks in an interview with Bloomberg on Friday, saying WeWork's clients "look to a player like us to give them that flexibility." "You have to pause," he told Bloomberg of how his clients are thinking of the uncertain economic environment. "You have to think about it. You have to think whether or not to invest that major capital in a market, at least through this short term. You have to step back." Besides tariffs and their consequences, return-to-office mandates could also drive business for WeWork, Santora said. "The other thing is, do we really know how many people are going to be in the office? We don't," he told Semafor. "We don't know whether it's going to be three days a week, four days a week, five days a week. We can mandate it, or firms mandate it, but by taking that short-term look at it, do two years with us, do three years with us. At that point, you know where your business is heading." It's been a tumultuous few years for WeWork, which saw the exit of founder and former CEO Adam Neumann in 2019. His departure followed a failed IPO marred by concerns about WeWork's business model, valuation, and governance. WeWork eventually went public via a SPAC in 2021. The company later filed for Chapter 11 bankruptcy in 2023. WeWork declined to provide additional comment. Read the original article on Business Insider Sign in to access your portfolio
Yahoo
26-04-2025
- Business
- Yahoo
WeWork CEO says tariff uncertainty is actually good for his business: 'Who's prepared to commit to a 10- or 15-year lease?'
Many businesses are bracing for negative impacts from tariffs. WeWork actually sees an upside. Its CEO told Semafor that tariff uncertainty is actually a boon for the coworking space company. "With all the uncertainty around tariffs, who's prepared to commit to a 10- or 15-year lease?" he said. Many companies are sounding the alarm on the negative repercussions of tariffs on their businesses. Not WeWork. WeWork CEO John Santora said Thursday at the Semafor World Economy Summit that the economic uncertainty around tariffs has actually attracted more business for the coworking space company. "So if we look at it and just take today's environment with all the uncertainty around tariffs and what's happening, who's prepared to commit to a 10- or a 15-year lease with $50 or $100 million spend?" Santora said. "The world, business, investments are all on a pause right now until you determine what impact it's going to have on your company, on your supply chain, on the cost of all of that," he added. "So we're seeing companies that are in our spaces today extend, companies that haven't been in our spaces before talking to us about 'Can you fill the short-term gap for us? What can you do for the next six months?'" Santora expanded on his remarks in an interview with Bloomberg on Friday, saying WeWork's clients "look to a player like us to give them that flexibility." "You have to pause," he told Bloomberg of how his clients are thinking of the uncertain economic environment. "You have to think about it. You have to think whether or not to invest that major capital in a market, at least through this short term. You have to step back." Besides tariffs and their consequences, return-to-office mandates could also drive business for WeWork, Santora said. "The other thing is, do we really know how many people are going to be in the office? We don't," he told Semafor. "We don't know whether it's going to be three days a week, four days a week, five days a week. We can mandate it, or firms mandate it, but by taking that short-term look at it, do two years with us, do three years with us. At that point, you know where your business is heading." It's been a tumultuous few years for WeWork, which saw the exit of founder and former CEO Adam Neumann in 2019. His departure followed a failed IPO marred by concerns about WeWork's business model, valuation, and governance. WeWork eventually went public via a SPAC in 2021. The company later filed for Chapter 11 bankruptcy in 2023. WeWork declined to provide additional comment. Read the original article on Business Insider
Business Insider
26-04-2025
- Business
- Business Insider
WeWork CEO says tariff uncertainty is actually good for his business: 'Who's prepared to commit to a 10- or 15-year lease?'
Many companies are sounding the alarm on the negative repercussions of tariffs on their businesses. Not WeWork. WeWork CEO John Santora said Thursday at the Semafor World Economy Summit that the economic uncertainty around tariffs has actually attracted more business for the coworking space company. "So if we look at it and just take today's environment with all the uncertainty around tariffs and what's happening, who's prepared to commit to a 10- or a 15-year lease with $50 or $100 million spend?" Santora said. "The world, business, investments are all on a pause right now until you determine what impact it's going to have on your company, on your supply chain, on the cost of all of that," he added. "So we're seeing companies that are in our spaces today extend, companies that haven't been in our spaces before talking to us about 'Can you fill the short-term gap for us? What can you do for the next six months?'" Santora expanded on his remarks in an interview with Bloomberg on Friday, saying WeWork's clients "look to a player like us to give them that flexibility." "You have to pause," he told Bloomberg of how his clients are thinking of the uncertain economic environment. "You have to think about it. You have to think whether or not to invest that major capital in a market, at least through this short term. You have to step back." Besides tariffs and their consequences, return-to-office mandates could also drive business for WeWork, Santora said. "The other thing is, do we really know how many people are going to be in the office? We don't," he told Semafor. "We don't know whether it's going to be three days a week, four days a week, five days a week. We can mandate it, or firms mandate it, but by taking that short-term look at it, do two years with us, do three years with us. At that point, you know where your business is heading." It's been a tumultuous few years for WeWork, which saw the exit of founder and former CEO Adam Neumann in 2019. His departure followed a failed IPO marred by concerns about WeWork's business model, valuation, and governance. WeWork eventually went public via a SPAC in 2021. The company later filed for Chapter 11 bankruptcy in 2023. WeWork declined to provide additional comment.
Yahoo
19-02-2025
- Yahoo
Local man pleads in federal porn case
HIGH POINT — A High Point man who was arrested last year on child pornography and sexual assault of a girl has pleaded guilty in federal court to charges of production of child pornography and receipt of child pornography. Joseph D. Santora, 44, who previously lived on Gatehouse Road, pleaded guilty in the U.S. District Court for the Middle District of North Carolina in exchange for having the remaining four counts against him dismissed. Santora faces a sentence of between five and 20 years on the conviction of receipt of child pornography and between 15 and 30 years on the conviction of production of child pornography, according to the plea agreement. Santora was arrested April 26, 2024, by the High Point Police Department. High Point police got a search warrant for Santora's house and, while executing the warrant, arrested Santora in his car nearby, according to an affidavit from an FBI agent. At the house, police seized Santora's Google Pixel 8 Pro smartphone. In the search of his house, police seized a second Pixel smartphone. On the phones police found several videos of girls as young as 8 years old naked and touching themselves sexually, the affidavit said. The initial investigation involving Santora began a year ago this month with a report of a sexual assault of a girl. In February 2024 a girl told High Point police that she got to know a man online and ran away from her home in another state to meet him in High Point. During the investigation, detectives identified the man who lured the girl to High Point as Santora, and he was arrested April 26. Santora was charged with first-degree forcible rape, human trafficking and sexual servitude in the investigation involving the girl.
Yahoo
18-02-2025
- Yahoo
High Point man enters guilty plea for federal sex crime charges
HIGH POINT, N.C. (WGHP) — A man facing numerous sex crime charges at both the federal and state level has entered a guilty plea in federal court. Joseph Dominick Santora attended a plea hearing on Feb. 4 after pleading guilty to two of the six counts he was indicted for last year. Santora pleaded guilty to receiving child porn and sexual exploitation of minors. In exchange for this plea, the remaining six charges — two counts of distribution of child pornography; a separate count of sexual exploitation of minors; possession of child pornography that involved a minor under the age of 12 years of age; coercion of an individual who had not attained the age of 18 years, a minor, to engage in the production of child pornography; and possession of child pornography — were dropped. For the sexual exploitation charge, he faces a minimum of 15 years and a maximum of 40 years in prison. For the charge of receiving child porn, he faces a minimum of 15 years and a maximum of 30 years in prison. He could face a fine of up to $250,000 in addition to prison time. Santora was initially charged with first-degree forcible rape, human trafficking of a child and sexual servitude of a child at the end of April, 2024. According to High Point police, in February 2024, they responded to a report of a missing juvenile and a sexual assault. The victim, a girl who had been reported missing in another state, told police that she had met a man online and ran away from home to meet him. The man bought her a bus ticket. She said she did not know the man's real name. Son of accused attempted Trump assassin taken back into federal custody after Greensboro plea hearing in child porn case It came out in court that the 16-year-old victim was reported missing from Massachusetts and was found at a hotel in the Triad area. According to warrants, Santora raped the girl. Warrants also allege he held that same juvenile victim in sexual servitude 'with the intent that the other person be held in involuntary or sexual servitude' in January of this year. He also faces drug charges as a result of the investigation. . High Point Police Department filed 21 counts of second-degree sexual exploitation of a minor, 12 counts of first-degree sexual exploitation of a minor and 13 counts of indecent liberties with a minor. According to documents, these have an offense date of January 2023. Jan 22, 2024: North Carolina SBI received a CyberTip about an Instagram account with the username 'localdilf420' posting 'apparent child pornography.' They identified Santora as the account holder and the tip was forwarded to the High Point Police Department, according to court documents. Feb 1, 2024: High Point police find the missing girl at an area hotel. April 29, 2024: Santora initially charged in connection to the teenage girl's assault. April 30, 2024: Santora hit with drug charges as a result of the search May 9, 2024: He was charged with obstruction of justice and felony conspiracy, allegedly for attempting to get help destroying evidence connected to the investigation. May 25, 2024: The High Point Police Department filed 21 counts of second-degree sexual exploitation of a minor, 12 counts of first-degree sexual exploitation of a minor, and 13 counts of indecent liberties with a minor. May 29, 2024: HPPD provided the FBI's Charlotte office with the phone and a flash drive containing the contents of the phone, which the FBI manually reviewed before issuing their complaint on May 31. May 31, 2024: He was federally charged by the FBI. June, 2024: A grand jury indicted him on various sex crimes Jan 9, 2025: Santora entered a guilty plea in federal court Feb. 4, 2025: He appeared in court for his sentencing plea He is scheduled to appear in court for the state-level charges in March and be sentenced for the federal crimes in April. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
