WeWork founder Adam Neumann shattered his office's glass wall during a party by throwing a bottle of tequila at it, according to "The Cult of We."
As companies return to offices, WeWork is seeing its best sales since late 2019, when its IPO failed and its founder was ousted.
Adam Neumann, who recently sold a Bay Area compound, is buying 50,000 square feet of land in Miami Beach's Bal Harbour marina, per the WSJ.
Ousted WeWork cofounder Adam Neumann's $500 million settlement with WeWork contributed to the company's huge losses.
WeWork lawyer Don Lewis described the company's environment as "legitimately the craziest work experience you'll ever have in your life."
WeWork is hoping investors will help it go public at a valuation of $9 billion including debt, according to the Financial Times.
As part of the deal, SoftBank will also reportedly buy about $500 million of WeWork stock from Adam Neumann, and give him $50 million for legal fees.
Adam Neumann, co-founder of WeWork, is nearing a settlement in a legal dispute with SoftBank, WeWork’s owner. Neumann could reap almost $US500 million in cash and remain a major shareholder. The deal could lead to WeWork trying again to go public, following its failed IPO in 2019. Visit the Business […]
The potential deal between Adam Neumann and Softbank, WeWork's owner, could pave the way for WeWork to try again for a public listing.
Softbank CEO Masayoshi Son spoke at the New York Times DealBook Conference. Softbank reportedly invested over $US18 billion in WeWork. Despite ousting him, Son said he still respects and loves Neumann. Visit Business Insider’s homepage for more stories. Investing giant SoftBank reportedly invested more than $US18 billion into coworking startup […]
Former WeWork CEO Adam Neumann met with former Starbucks CEO Howard Schultz in 2018, according to the new book “Billion Dollar Loser” by Reeves Wiedeman. At the time, Neumann was interested in expanding into retail, and Schultz gave him advice: stop growing for six months in order to correct problems […]
Former WeWork CEO Adam Neumann’s friendly relationship with Jared Kushner led him to visit the White House, and eventually led him to meet President Donald Trump in 2018. The relationship is chronicled in the new book “Billion Dollar Loser,” which follows the rise and fall of Neumann and WeWork. According […]
Reeves Wiedeman is a business journalist whose work has been featured in New York Magazine, the New Yorker, Rolling Stone and other major publications. The following is an excerpt from his new book, “Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork.” In it, Wiedeman […]
Ousted WeWork co-founder Adam Neumann’s $US185 million consulting deal with his former company is no longer in place, executive chairman Marcelo Claure said during a Wall Street Journal event Monday. Claure told the audience that Neumann “may have violated some of the parts of the consulting agreement, so that’s no […]
The We Company said Wednesday it is rebranding back to WeWork, nearly two years after it first made the name change. In January 2019, the company opted for a new brand name to reflect its venture beyond its core product, coworking areas, into residential and educational spaces. WeWork has been […]
WeWork cofounder Adam Neumann’s San Francisco Bay Area home has officially hit the market for $US27.5 million, Mansion Global reported. The 10-acre compound includes a 10,000-square-foot main house, a separate guest house, a swimming pool, a greenhouse, gardens, a chicken coop, and solar and geothermal systems. Neumann and his wife, […]
SoftBank CEO Masayoshi Son feels “foolish” for investing in WeWork, he said during an earnings call Monday. Under Son’s leadership, the Japanese conglomerate reportedly poured $US18.5 billion into WeWork, which has seen its valuation plummet following its failed IPO in September. SoftBank gave WeWork a valuation of $US2.9 billion as […]