The rise and implosion of WeWork
How a company that leased and subleased office space convinced the world it was a world-changing tech startup, ballooned to a $47 billion valuation, and unravelled spectacularly when it tried to go public.
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WeWork lost one point six billion dollars while earning only one point eight billion in twenty eighteen.
The company paid Adam Neumann five point nine million dollars for the rights to the word We.
Community-Adjusted EBITDA metrics allowed WeWork to hide fundamental costs like rent and utilities from investors.
SoftBank's Masayoshi Son projected a ten trillion dollar valuation after a twelve minute meeting with Neumann.
WeWork faced forty-seven billion dollars in long-term lease obligations against only four billion in committed revenue.
Neumann's new residential startup Flow reached a billion dollar valuation before generating any revenue.
- 01Intro1 min
- 02The Arbitrage of 'We'2 min
- 03The Masayoshi Son Catalyst2 min
- 04The S-1 Reckoning3 min
- 05The Thirty-Three Day Collapse2 min
- 06Chapter 11 and the Aftermath1 min
- 07Outro1 min
- WeWork's spectacular rise and fall provide cautionary tale for startups
- The $47 Billion Illusion: How WeWork Actually Collapsed - The Case HQ Online
- The $47 Billion Delusion: How WeWork's Valuation Was Always Going to Collapse - The Ledger
- What exactly happened to WeWork? | The Corporate Governance Institute
- WeCrashed: What really happened to WeWork? | Explained News - The Indian Express
- Transcript: WeWork rework
- The WeWork Collapse: From $47 Billion to Almost Bankruptcy - Startupik | Startup magazine
- WeWork & Adam Neumann (Rise & Fall of “Hype”) - Business Hall of Fame
- Episode 6: The Failed Deal that Led to WeWork’s Downfall — Brazen
- Case Study: WeWork — How to Lose $47 Billion
- How WeWork’s founder flew too close to the Sun
- What caused the WeWork bankruptcy, and why does it matter? - ABC News
- How WeWork Rose and Went Broke
- WeWork — Business Strategy Analysis | Faster Than Normal
- WeWork’s Rise To $47 Billion—And Fall To Bankruptcy: A Timeline
- The We That Didn’t Work at WeWork - WSJ
- Why SoftBank and Masa Son overvalued WeWork
- Is WeWork really worth nearly $50bn?
- WeWork $47 billion valuation: SoftBank fiction
- Why WeWork Won’t
- Musings on Markets: Runaway Story or Meltdown in Motion? The Unraveling of the WeWork IPO
- WeWork's IPO filing reveals $900M+ in losses and plenty of other concerns - PitchBook
- WeWork Files Its S-1 Prospectus for Giant IPO, Revenue, Cash Flow - Business Insider
- THE BOY WHO CRIED WORK | Vanity Fair | Holiday 2019/2020
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