- Product Type: Co-Working Space (Virtual & Physical)
Oh, where do we start with WeWork? Basically, the company was started by Adam Neumann who seemed to be great at charming people into investing in his commercial real estate and shared workspace company. He somehow charmed them for a decade by giving them major projections. He even managed to sway SoftBank and others that WeWork was not just some real estate company. Oh no, it was a tech platform just like Uber or Airbnb. It was worth billions, he claimed. As he raised his money, he used a private jet to illegally transport cannabis too. The value randomly went from $47 billion to $8 billion by 2019. Now running out of cash, WeWork fired 2,400 employees and Adam left the company to get out while he could. WeWork still exists today but it is losing money more and more.