Some cracks are showing in Facebook’s virtual reality armor

U.S. economy to drop to No. 2 earlier due to pandemic

The Chinese economy is set to overtake the U.S. faster than previously anticipated after weathering the coronavirus pandemic better than the West, according to the Centre for Economics and Business Research. The world’s biggest and second-biggest economies are on course to trade places in dollar terms in 2028, five years earlier than expected a year […]

The latest in the WeWork saga involves a SPAC

This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox.  Of course it did. Just about every single late-stage company in private markets at the moment has been contacted by a blank-check company looking for a deal. Kicking off […]

As vaccines roll out, businesses face a new quandary

Good morning. David Meyer here in Berlin, filling in for Alan. As vaccination drives roll out at varying speeds, there’s a big question mark over the issue of what may become—hopefully temporarily—a two-tiered populace. In Israel, which is running the world’s speediest COVID-19 inoculation campaign (though that hasn’t warded off the need for a tight […]