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WeWork Part Four- I Only See We
Manage episode 424191804 series 3470887
Inhoud geleverd door Emily Walsh and Daniel Moss, Emily Walsh, and Daniel Moss. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Emily Walsh and Daniel Moss, Emily Walsh, and Daniel Moss of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
Finally! FINALLY! The investors have started to realize that WeWork is a financial Black Hole and maybe they should stop giving them money. All of WeWorks life rafts abandon them and they are forced to finally turn to public investments.
We learn about their last minute delusional attempt to produce an IPO called Project Wingspan. After their first few attempts fail due to questionable financials and sloppy documentation, Adam is finally forced to resign. And not long after that WeWork was forced to file for Bankruptcy.
If you want to know how a company valued at $47 Billion could possibly go bankrupt, this is the episode for you! Enjoy!
Sources:
“Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork" By Reeves Wiedeman (2020)
“WeCrashed: a Loves Story Worth $47 Billion" By Drew Crevello and Lee Eisenberg Apple TV(2022)
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