----BREAKING NEWS --------BREAKING NEWS ----

WeWork: the latest news about 2019’s soap opera of a company

Home » WeWork: the latest news about 2019’s soap opera of a company

This summer, WeWork was expected to have one of the highest-profile IPOs ever. But then it filed its S-1 paperwork, and everything came crashing down.

The S-1 itself was a trip — it began with the phrase “We dedicate this to the energy of we,” revealed the myriad ways its own CEO Adam Neumann was a risk factor, and outlined a succession plan that, if anything happened to Neumann, let his wife or a family trustee pick a new CEO. The IPO collapsed shortly after. Then, a wild profile of Neumann came out, with a story of how he once brought a cereal box full of weed on a private jet to Israel. Under continued criticism, Neumann eventually quit — and walked away with nearly $1.7 billion as part of a buyout from SoftBank, which has since taken over majority ownership of WeWork.

This all happened in a little over two months. Now, SoftBank is trying to pick up the pieces of WeWork and move forward — and it could be a difficult road ahead. Follow all of the news and updates on 2019’s soap opera of a company right here.

Posted in

American Crypto Association Exclusives!

Bookmark the site and sign up for relevant alerts, trading tips, masternode updates and important news hosted within our exclusive newsletter. Valued at $3,588, we are offering this service free for one year!

Get onboard now!

Exclusive Newsletter!

Sign up for exclusive trading tips, masternode updates and important news hosted within our newsletter!
!
!
Terms and Conditions checkbox is required.
Something went wrong. Please check your entries and try again.
Scroll to Top