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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








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