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WeWork, the $47 billion startup darling, is now on the
verge of Bankruptcy😨
Leaving investors with nothing and founders with millions
Check out the thread👇
#wework
(1/5)
verge of Bankruptcy😨
Leaving investors with nothing and founders with millions
Check out the thread👇
#wework
(1/5)
How WeWork raise so much money at a high valuation?
It is a global provider of flexible workspaces offering coworking solutions.
It was riding the wave of the coworking boom. Coworking spaces were seen as the future of work, and WeWork was the biggest player in the space
(2/5)
It is a global provider of flexible workspaces offering coworking solutions.
It was riding the wave of the coworking boom. Coworking spaces were seen as the future of work, and WeWork was the biggest player in the space
(2/5)
How WeWork crashed and burned?
In 2019, WeWork's IPO imploded after concerns were raised about the governance and its business model
Several scandals also emerged
• Founder's lavish lifestyle and self-dealing
• Company's inflated valuation
• unsustainable business model
(3/5)
In 2019, WeWork's IPO imploded after concerns were raised about the governance and its business model
Several scandals also emerged
• Founder's lavish lifestyle and self-dealing
• Company's inflated valuation
• unsustainable business model
(3/5)
How did the founders made millions despite the company's failure?
Despite WeWork's failure, the founders managed to make millions
Neumann cashed out over $700 million before the company's IPO. He also received a severance package worth over $400 million to step down as CEO
(4/5)
Despite WeWork's failure, the founders managed to make millions
Neumann cashed out over $700 million before the company's IPO. He also received a severance package worth over $400 million to step down as CEO
(4/5)
Investors lost billions
WeWork was a disaster for investors. The company's stock price crashed, and investors lost billions of dollars.
The story of WeWork is a lesson for investors showing how a company can be overvalued and how even the most successful startups can fail.
(5/5)
WeWork was a disaster for investors. The company's stock price crashed, and investors lost billions of dollars.
The story of WeWork is a lesson for investors showing how a company can be overvalued and how even the most successful startups can fail.
(5/5)
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