Is We Work a Fraud? - Henry Hawksberry - Medium🔒 medium.com
25 points highlighting the mess at We Work.
WeWork will never ever, in its short history, generate a profit, let alone the tens of billions in revenues necessary to generate anywhere near the $3 billion in earnings required to (even then generously) value the company at £47 billion.
Adam Neumann is no longer CEO. I wonder if the damage can be repaired. They lost 2/3rds of their value in the run to the IPO. 💰⤵️🕳Posted on September 26, 2019 →