The bumpy road to Web Summit: What to expect in Lisbon

Paddy Cosgrave is not expected to attend the event this week following his resignation as CEO, even though he still owns the company, writes Cáit Caden

In an interview with CNBC Web Summit CEO Katherine Maher said around 2,600 start-ups are expected to attend the conference next week as well as almost 1000 investors.

Web Summit’s journey to Lisbon this year has not been a smooth one. The company is expected to host a somewhat different experience this week in Lison than what previous attendees might be used to as a result of events that have unfolded in recent weeks.

An obvious change will be the absence of former CEO Paddy Cosgrave. Mr Cosgrave stepped down from his role at the helm of the company following posts made on his account with X, formerly known as Twitter, about the Israel-Hamas war.