Once a darling of venture capital investors, with a valuation of $47 billion and a plan to launch an IPO this year, WeWork has fallen on tough times. CEO Adam Neumann was forced out, and the IPO if off. WeWork, a company that provides coworking office space, invested heavily in real estate, often buying and selling to itself, or to companies owned by its executives.
What you’ll hear in this segment:
– How WeWork executives engaged in self-dealing
– What WeWork’s future may hold
– How WeWork reflects the problems with startup culture
Written by Libby Cohen.