The Spectacular Rise and Fall of WeWork

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In less than one year, WeWork went from having a $47 billion valuation and being the darling of the venture capital world to needing an $8 billion infusion to avoid running out of money. This is the story of Adam Neumann, Softbank’s risky investment, a failed IPO and how we got here.

The Breakdown showcases rise-and-fall stories from the modern business world, told through the lens of Bloomberg reporting. Episodes look at what contributed to not only the success of a business or organization, but also the turning point at which the fall began. Prior stories covered include the NRA, Hertz, WeWork, Boeing, Kodack and many more. See the full series: https://youtube.com/playlist?list=PLqq4LnWs3olWs0miiytL-wndnY0TXNnSf
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48 COMMENTS

  7. The CEO you called genius, the woke behavior you rewarded… LOL. Thank you natural selection for doing your job. Apart from the Crash, Bloomberg is ashamed, like it is on FTX which they also defended. Bend to the system and they will criticize you only when anyone else is doing that, Dems act like this and love to crash companies because they are more coconcerned about woke activism, LOL. The guy who said he would be "president of the world" HAHAHA.

  11. 00:02 WeWork's downfall is a case study of a company getting too much money too fast with no effective oversight.
    01:49 WeWork's growth was exponential, but its founder's actions led to doubts.
    03:34 WeWork's community-driven approach revolutionized office leasing
    05:16 SoftBank's investment helped WeWork expand rapidly and increase its valuation.
    06:59 WeWork's reckless spending led to a valuation 13 times higher than IWG.
    08:42 WeWork's leadership enriched themselves at the expense of shareholders and the company.
    10:19 WeWork's co-founder Adam Neumann resigns and is replaced by two co-CEOs who make significant changes to the company.
    11:47 WeWork's downfall is a cautionary tale for young companies

  14. This is the last thing the reeling real estate market needs right now, as an Air BnB investor i think due to the similar mode of operation like WeWork, we might soon be run off the market. Essentially why i'm at large for exit measures or where to allocate $1m

  15. I find how we work managed to raise so much money given the lack of lack of originality in the concept of the business business centres and incubator units have existed for years

  19. I am a digital nomad working in Bangkok and I have not repeatedly sat in the co-working space since 2020, because of COVID-19. Today's workplace is a cafe, hotel, restaurant, or anywhere else that has WiFi. Where am I working today? Mangrove, the riverfront cafe and restaurant in Amphawa, Samutsongkram.

  36. The main thing that got me about WeWork is that it just didn't make any sense whatsoever. It's real estate.. not the next revolutionary i-device or something. Millions sure, but billions? For a work office frat house leasing company?

  41. It sounds like Softbank hurt WeWork with it's CEO's desire to speed everything up. In business you have to scale at a pace that makes sense. All the metrics must be pointing to scaling. Cash infusions should not be confused with profits, and valuations are not the same thing as profitability.

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