Softbank’s Hellish Nightmare Unravels with WeWork, Wirecard and Jack Ma
SoftBank was already having a bad year, due to its dealing with WeWork and WireCard. It is now about to get worse.
June 25, 2020 No Comments
WeWork
For WeWork, Rent is More Important than Retention During Coronavirus Pandemic
WeWork is charging full rent to its clients but is not paying a full rent to its landlords. How long will WeWork’s Me-First attitude survive?
April 19, 2020 No Comments
Why WeWork Won’t Survive the Coronavirus Pandemic
With WeWork losing $1.4 billion in the final quarter of 2019, the coronavirus pandemic could bring the embattled firm to the point of collapse.
March 27, 2020 No Comments
Can T-Mobile Hype Man John Legere Rescue WeWork?
WeWork needs a new CEO to replace disgraced co-founder Adam Neumann. They are reportedly turning to T-Mobile CEO John Legere. This isn’t as crazy as
November 11, 2019 No Comments
SoftBank’s Son Admits Terrible Judgment in $4.6 Billion Money Pit WeWork
SoftBank reported a quarterly loss amounting to billions of dollars for the first time in more than a decade. WeWork is not the only problematic
November 6, 2019 No Comments
WeWork Founder Wanted to be a Trillionaire. His Hubris Somehow Got Him $1 Billion
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
October 27, 2019 No Comments
WeWork is Too Broke to Pay Employees, but its Founder Will Make $200 Million Anyway
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
October 22, 2019 No Comments
WeWork Meltdown Shows Pitfalls of Adam Neumann’s Personality Cult
The WeWork IPO is toast. The writing was on the wall for several days prior to the announcement, as the company’s roadshows failed at every
October 1, 2019 No Comments
WeWork Withdraws IPO Filing Despite Controversial CEO’s Exit
WeWork, which was valued at $47 billion merely several months ago, is withdrawing its IPO filing according to reports. Fortune reporter Polina Marinova and Bloomberg
September 30, 2019 No Comments
Unicorn IPOs Have Incinerated $45 Billion This Year
The proposed WeWork IPO has totally collapsed. Founder Adam Neumann is out as CEO, and the company has slashed real estate deal activity and fired
September 28, 2019 No Comments
First Bitcoin, Now WeWork: Is Masayoshi Son the Worst Investor Ever?
For decades, Masayoshi Son has flaunted his wealth and power to make SoftBank one of the most prominent names in tech investing. However, following devastating
September 26, 2019 No Comments
After Uber, Investors Dodged a Bullet in the WeWork IPO
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
September 24, 2019 No Comments
Adam Neumann Ouster Would Be Best Thing for WeWork
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
September 23, 2019 No Comments
Forget the IPO. WeWork Threatens the Entire Economy
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
September 21, 2019 No Comments
WeWork IPO Likely Delayed. The Writing Was on the Wall
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
September 16, 2019 No Comments
SoftBank Doubles Down on Its WeWork Loss
Legendary investment firm SoftBank, which was once but a Japanese telecom provider, plans to plow another $750 million into the WeWork IPO, according to a
September 14, 2019 No Comments
5 Reasons WeWork’s Gigantic IPO Valuation Plunged 69%
In the age of the unicorn valuation, WeWork is only the latest company to incur massive losses and still fetch a valuation in the tens
September 10, 2019 No Comments
WeWork May Trash Its IPO. Let’s Hope So.
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
September 7, 2019 No Comments
WeWork’s CEO Is the Next Elon Musk – That Should Terrify You
By CCN.com: The last thing an investor wants to read in an IPO prospectus is a warning that the company’s CEO may have committed an
August 15, 2019 No Comments
5 Crazy Numbers We Found in WeWork’s Horrorshow IPO
By CCN.com: The prospect of a WeWork IPO was met with skepticism after the official S-1 filing to the SEC revealed some extravagant facts and
August 15, 2019 No Comments
WeWork’s IPO Will Go to Zero After the First Recession
By CCN.com: There’s a song that says, “one is the loneliest number.” In fact, zero is the loneliest number, especially when it is preceded by
August 14, 2019 No Comments