Tech

The WeWork fiasco of 2019, explained in 30 seconds

WeWork has been in turmoil since it filed its public-offering paperwork in August. In one month, the coworking company cut its valuation down to as low as $US10 billion from $US47 billion, removed Adam Neumann as CEO, and delayed its initial public offering indefinitely. In October, WeWork is being taken […]
The WeWork fiasco of 2019, explained in 30 seconds
Tech

WeWork’s biggest investor reportedly urged CEO Adam Neumann to scrap phrases like ‘elevate the world’s consciousness’ in the company’s IPO filing

Softbank, WeWork’s biggest investor, did not want WeWork using touchy-feely language in its IPO paperwork, including phrases like “elevate the world’s consciousness,” CNBC’s Alex Sherman reported on Monday. The infusion of spirituality into WeWork – in the company’s culture and in its IPO filing – has been routinely mocked, and […]
WeWork’s biggest investor reportedly urged CEO Adam Neumann to scrap phrases like ‘elevate the world’s consciousness’ in the company’s IPO filing
Tech

WeWork CEO Adam Neumann reportedly smoked weed with friends on a private jet to Israel — and the flight crew later found a ‘sizable chunk’ in a cereal box and recalled the plane

WeWork cofounder and CEO Adam Neumann smoked weed with friends on a Gulfstream G650 private jet to Israel last summer, The Wall Street Journal reported. The flight crew found a “sizable chunk” of marijuana “stuffed in a cereal box” on board after Neumann’s squad exited the aircraft. The jet’s concerned […]
WeWork CEO Adam Neumann reportedly smoked weed with friends on a private jet to Israel — and the flight crew later found a ‘sizable chunk’ in a cereal box and recalled the plane
Lifestyle

WeWork cofounder Adam Neumann is selling off more real estate after losing his billionaire status. Here’s how the ousted CEO has spent his fortune, which once amounted to as much as $14 billion.

WeWork cofounder Adam Neumann lost his billionaire status in April, according to Bloomberg. The ousted CEO is now worth between $US450 million and $US750 million, based on estimates from Forbes and Bloomberg. Neumann has spent over $US80 million on at least five homes since he founded WeWork in 2010, but […]
WeWork cofounder Adam Neumann is selling off more real estate after losing his billionaire status. Here’s how the ousted CEO has spent his fortune, which once amounted to as much as $14 billion.
Strategy

Inside WeWork’s WeLive, where millennials squeeze into tiny apartments to take advantage of perks like Sunday dinner, daily happy hours, and morning yoga

WeWork, the $US20 billion coworking startup, recently expanded into co-living with its dorm-like WeLive apartments that offer communal facilities and daily activities. Reviews have been mixed, so we tested WeLive Wall Street for ourselves. Our experience was mostly pleasant, but we felt the rent was high. Many WeLive tenants said […]
Inside WeWork’s WeLive, where millennials squeeze into tiny apartments to take advantage of perks like Sunday dinner, daily happy hours, and morning yoga