Wework lunatic

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WeWork employees were swept up by cofounder and then-CEO Adam Neumann's wild ambitions and enthralled by his company's cool culture and lavish perks, but grew concerned as red flags mounted, according to the New Yorker , which interviewed several WeWork staff. It seems insane now, but at the time it made so much sense. The shared-workspace startup plowed money into growing its business without setting realistic targets. Trying to organize the large teams "was like herding cats," she said, and WeWork's sales staff "were always promising insane things like 'We'll get it done by October! WeWork also splashed its cash on flying 8, employees to a company retreat in London last summer, where Lorde performed and Deepak Chopra led a meditation, the New Yorker reported.

Wework lunatic

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Wework lunatic

WeWork was once hailed as the future of the office. But now there is "substantial doubt" about its future. What went wrong? At the beginning, he counted himself a major fan of the co-working firm.

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Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox. Oct 27, 7, TarpitCarnivore said:. Popular on BI. Trending News. WedgeX Member. Metanoia Prime Member. Culex Member. They are banking on a return on their investment. Falchion said:. Discussion EtcetEra Forum.

From there, the idea for a shared workspace was born.

I'm guessing it's other people actually joining in on the grift? But "gave himself sneaky financing terms" is not the same as "does not know an industry sector", and for all it's valuation collapse, WeWork is still, currently, a multi-billion dollar company that generates hundreds of millions in revenue. It's not a pump and dump, it's an investment you decided to get out of. Adam, and the story of WeWork, have been exhaustively chronicled, analyzed, and fictionalized — sometimes accurately. EtcetEra Forum. For a better experience, please enable JavaScript in your browser before proceeding. The White House is sharply divided over proposal to remove some China tariffs, report says. JackSwift Member. VCs turning their sights on the rental market is going to be fun for those of us who rent. For reprint rights.