How To Lose $39-Billion In 6-Months - The Story of WeWork
ColdFusion · Dagogo Altraide
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Show Notes
WeWork was supposed to be one of the biggest IPO's in history. The startup headed by a charismatic entrepreneur was at one time valued at almost $100-billion. But cracks started to appear in the company's facade as soon as it announced plans to become public. The rosy picture that CEO Adam Neumann had been painting to Wall Street looked more like a horror story as massive losses, lavish spending, and a shaky business model scared off potential investors. The IPO was shelved, the CEO was and founder was fired, and the company's valuation dropped below $5-billion. So what happened? We'll find out in this episode of ColdFusion.