Attempting to go public stirred up a lot of drama — in finances and leadership — for WeWork, the nine-year-old coworking company.
WeWork has been in turmoil since it publicly filed its IPO paperwork in August. In one month, the coworking company cut its valuation down from $47 billion to as low as $10 billion, removed its CEO Adam Neumann, and delayed its IPO indefinitely. Visit Business Insider's homepage for more stories. What just happened to WeWork? Attempting to go public this month stirred up a lot of drama — in finances and leadership — for the nine-year-old coworking company.
WeWork has been in turmoil since it publicly filed its IPO paperwork in August. In one month, the coworking company cut its valuation down from $47 billion to as low as $10 billion, removed its CEO Adam Neumann, and delayed its IPO indefinitely. Visit Business Insider's homepage for more stories. What just happened to WeWork? Attempting to go public this month stirred up a lot of drama — in finances and leadership — for the nine-year-old coworking company.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WeWork CEO steps down amid drug use allegations, failure to launch IPOLayoffs of 5,000 employees could follow, as well as the closing of ancillary businesses such as its private grade school and computer programming school.
Read more »
SoftBank likely to funnel $1 billion more into WeWork after delayed IPO: FTSoftBank Group Corp is planning to pump an extra $1 billion or more into WeWork ...
Read more »
WeWork Investors Look To Oust CEO Adam NeumannKey WeWork investors are leading a boardroom campaign to oust chief executive and co-founder Adam Neumann.
Read more »
WeWork could cause a disaster for New York City's real-estate marketWeWork has a fundamental business problem and poses a serious threat to the real-estate markets in New York and London, even after the CEO change.
Read more »
WeWork co-founder Adam Neumann stepping down as CEONeumann will stay on in WeWork, the company he co-founded, in a non-executive role as chairman of the board
Read more »