Apparently, the office-rental startup wasn’t worth $47 billion. Or $20 billion
that the decision to delay came amid fears that the stock would be “snubbed” by investors if it hit the Nasdaq this week, as originally planned.
By postponing its start on the public market, WeWork is at least buying itself a little more time and sidestepping a disastrous media narrative (made all the worse by Uber’s own slow-motionIn the meantime, WeWork’s parent company has taken steps to scale back Neumann’s voting power, slashing a provision that would have given the charismatic founder’s wife,, the ability to lead a search for his replacement in the event he would ever be unable to lead the company, and appointing a lead...
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