))
I Only See We- Part Four of WeWork
Manage episode 424191804 series 3470887
Content provided by Emily Walsh and Daniel Moss, Emily Walsh, and Daniel Moss. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Emily Walsh and Daniel Moss, Emily Walsh, and Daniel Moss or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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)
Follow the podcast @yeettherichpod
Follow Emily @thefunnywalsh
Follow Danny @dmoss315
71 episodes
Share
