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WeWork Part Four- I Only See We
Manage episode 424191804 series 3470887
Вміст надано Emily Walsh and Daniel Moss, Emily Walsh, and Daniel Moss. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Emily Walsh and Daniel Moss, Emily Walsh, and Daniel Moss або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.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
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