WeWork Founder Wanted to be a Trillionaire. His Hubris Somehow Got Him $1 Billion

Adam Neumann, WeWork

WeWork founder Adam Neumann has suffered a historic fall from grace in the past several months. The man who sought to be the world’s first trillionaire now finds himself expelled from the company he built. However, the hubris that led to his exodus also secured him a massive payoff. A good number of founder-CEOs who … Read more

WeWork is Too Broke to Pay Employees, but its Founder Will Make $200 Million Anyway

Adam Neumann, WeWork

The WeWork train wreck keeps on going as the company prepares to cut thousands of jobs. The only problem? There’s not enough money left to pay employee severance packages. WeWork literally can’t afford to let people go. Meanwhile, founder Adam Neumann is set to walk away with a $200 million payday under a rescue package … Read more

After Uber, Investors Dodged a Bullet in the WeWork IPO

adam neumann

It’s official. Adam Neumann is no longer at the helm of the workspace startup he founded, WeWork, amid a stalled IPO that has shattered the dreams of both the company and its backers for a huge payday. We couldn’t ignore the similarities between WeWork and another tech unicorn that managed to pull off its debut … Read more

Adam Neumann Ouster Would Be Best Thing for WeWork

Adam Neumann

It has been a tumultuous month for WeWork. The company has seen its hopes for a successful Nasdaq listing disappear. On Sunday, Bloomberg reported that the company’s board was considering removing Adam Neumann as the chief executive. In the latest episode, Neumann has reportedly started discussing his future role of the company. According to Reuters, … Read more

Forget the IPO. WeWork Threatens the Entire Economy

WeWork

On Friday, Boston Federal Reserve Bank President Eric Rosengren delivered a speech in which he pointed out a threat from co-working business models that few people had even considered (including myself). Rosengren dropped a bomb by saying business models similar to WeWork’s could threaten the overall economy. He mentioned several elements of the co-working business model … Read more

WeWork IPO Likely Delayed. The Writing Was on the Wall

adam neumann

WeWork, the flexible workspace wonder, is taking a cue from the stock market. The newest unicorn has decided to delay its upcoming IPO, according to The Wall Street Journal, and in doing so is saving face with investors – for now. WeWork’s abrupt decision comes just as the company planned to launch its roadshow to … Read more

WeWork May Trash Its IPO. Let’s Hope So.

adam neumann

News broke Friday that WeWork, now known as The We Company, is seeing such lackluster results from its roadshow that it may call off its IPO. This is great news except for short-sellers, who were likely rubbing their greedy little hands together at the prospect of shorting this honey trap stock. IPO Valuation Was Ridiculous … Read more