The Parable Of WeWork – Keeping Your Feet On The Ground
Let’s leave the allusions to Icarus aside: it’s already a threadbare simile.
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Let’s leave the allusions to Icarus aside: it’s already a threadbare simile.
The Japanese firm, which made a huge bet on WeWork, revealed the losses in the same week that the real estate firm filed for bankruptcy.
WeWork founder and ex-CEO Adam Neumann has managed to maintain his $1.7 billion fortune as his once high-flying startup faced a series of misfortunes that ended in a bankruptcy filing earlier this week.
Plus: Girlboss buzz and coworking crashes this week in The Memo.
WeWork's bankruptcy filing follows a dramatic decline in value from $47 billion to as low as $10 billion, driven by losses and corporate governance lapses