WeWork

WeWork Inc.
Company typePrivate limited company
IndustryCommercial real estate
Founded2010; 14 years ago (2010)
Founders
Headquarters
New York City
,
U.S.
Number of locations
154 locations in 35 countries (2024)
Area served
Worldwide
Key people
John Santora (CEO)
ServicesCoworking
RevenueIncrease US$3.245 billion (2022)
Increase −US$1.59 billion (2022)
Increase −US$2.03 billion (2022)
Total assetsDecrease US$17.86 billion (2022)
Total equityDecrease −US$3.67 billion (2022)
Members547,000 (December 2022)
Number of employees
c. 4,300 (December 2022)
ParentYardi Systems 60%
Websitewework.com
Footnotes / references
[1][2][3]
WeWork location in Jongno Tower
WeWork location, 1 University Avenue, Toronto
WeWork location on Rhode Island Avenue in Washington, D.C.
The kitchen area at the WeWork location on Broad Street in Manhattan
WeWork location in San Francisco

WeWork Inc. is a provider of coworking spaces, including physical and virtual shared spaces, headquartered in New York City. As of December 31, 2022, the company operated 43.9 million square feet (4,080,000 m2) of space, including 18.3 million square feet (1,700,000 m2) in the United States and Canada, in 779 locations in 39 countries, and had 547,000 members, with a weighted average commitment term of 19 months.[1]

In 2019, the initial public offering (IPO) of its then-parent company, The We Company, failed. The Wall Street Journal noted that, on the release of its public prospectus in August 2019, the company was "besieged with criticism over its governance, business model, and ability to turn a profit".[4]

The We Company filed its Form S-1 for the IPO in August 2019.[5] The following month, facing mounting pressure from investors based on disclosures in the S-1, company co-founder Adam Neumann resigned from his position as CEO and gave up majority voting control. Amid growing investor concerns over its corporate governance, valuation, and outlook for the business, the company formally withdrew its S-1 filing and announced the postponement of its IPO. At that time, the reported public valuation of the company was around US$10 billion,[6] a reduction from the $47 billion valuation it had achieved in January and less than the $12.8 billion it had raised since 2010.[7] As of December 2023, the company had a market capitalization of $21 million.[8]

In October 2019, Neumann received close to US$1.7 billion from stakeholder SoftBank for stepping down from WeWork's board and severing most of his ties to the company.[9] He was retained as a consultant with an annual salary of $46 million.[10]

The New York Times described the company's failed effort to go public and its related turmoil as "an implosion unlike any other in the history of start-ups", which it attributed to Neumann's questionable tenure and the easy money previously provided to him by SoftBank, led by Masayoshi Son.[11] In August 2023 WeWork warned that it had 'substantial doubt' that it could stay in business, and might file for Chapter 11 bankruptcy protection. On October 31, 2023, reports circulated that WeWork would be filing for bankruptcy "imminently", which resulted in a 37% dip in share value.[12][13][14] One week later, on November 6, the company officially filed for bankruptcy,[15] which was described by ABC as emblematic of the "excesses of business startup culture."[16]

History

[edit]

2008–2015

[edit]

In May 2008, Israeli Adam Neumann and American Miguel McKelvey established GreenDesk, an "eco-friendly coworking space" in Brooklyn.[17] In 2010, Neumann and McKelvey sold the business and founded WeWork, renting its first location in SoHo, Manhattan, which opened in April 2011.[17] Manhattan real estate developer Joel Schreiber purchased a 33% interest in the company for $15 million.[18]

In 2011, PepsiCo placed a few employees in the location, who acted as advisors to smaller WeWork member companies, making the location a startup incubator.[19][20][21]

By 2013, WeWork customers included 350 startups such as Fitocracy and HackHands.[22]

By 2014, WeWork was considered "the fastest-growing lessee of new office space in New York" and was on track to become "the fastest-growing lessee [lessor] of new space in America."[19] WeWork investors as of 2014 included J.P. Morgan Chase & Co, T. Rowe Price, Wellington Management, Goldman Sachs, the Harvard Corporation, Benchmark, and Mortimer Zuckerman, former CEO of Boston Properties.[23][19]

In February 2015, WeWork was named to Fast Company’s 50 Most Innovative Companies list.[24] On June 1, 2015, Artie Minson, former chief financial officer of Time Warner Cable, joined the company as president and chief operating officer.[25] In August 2015, the company acquired CASE, a real estate and construction technology company, in its first acquisition.[26][27] According to its founder, the speed of the transaction damaged the organizational culture of CASE.[28]

2016

[edit]

In March 2016, WeWork raised $430 million in financing from Legend Holdings and Hony Capital, valuing the company at $16 billion.[29][30][31][32] In June 2016, the company announced layoffs of 7% of its staff and implemented a temporary hiring freeze.[33] In July 2016, WeWork fired and sued Joanna Strange, an employee who leaked information to the press that showed that WeWork would miss its financial goals.[34] By October 2016, the company had raised $1.7 billion in private capital.[35] In October 2016, WeWork announced plans to open a fourth location in Central Square, Cambridge, with space for 550 desks. WeWork opened offices in Boston's Leather District and Fort Point in 2014.[36] It also announced plans to open a location in Lincoln Square in Bellevue, Washington.[37]

In 2016, WeWork launched a separate but related co-living venture called WeLive in New York City and in Crystal City, Virginia, near Ronald Reagan Washington National Airport in the Washington metropolitan area.[38][39][40] A third WeLive location in Seattle was planned in the new Third and Lenora building in 2020, but the lease was terminated in October 2019.[41] In July 2021, WeWork terminated this business line.[42]

2017

[edit]

In April 2017, WeWork launched an online store for services and software for its members.[43][44][45] In May 2017, WeWork opened a luxury health club at its Broad Street, Manhattan location.[46] The space includes exercise equipment and a boxing area, general workout area, spa, and a yoga studio with fitness classes.[47][48][49][50] In June 2017, in partnership with Embassy Group, WeWork India, led by then 25-year old Karan Virwani, son of the Embassy Group owner Jitu Virwani, opened its first space in Bangalore, India, named WeWork Galaxy, with capacity for 2,200 members.[51][52][53] In July 2017, the company raised $760 million in a Series G financing round valuing the company at $20 billion.[54][55] Also in July 2017, WeWork announced expansion plans into China, with US$500 million invested by SoftBank and Hony Capital.[56][57] In August 2017, the company raised $4.4 billion from the SoftBank Vision Fund at a valuation of approximately $20 billion.[58][59][60][61] In September 2017, WeWork expanded into Southeast Asia via the acquisition of Singapore-based SpaceMob, and it allocated $500 million to grow in Southeast Asia.[62] In late October 2017, WeWork signed a contract to acquire the Lord & Taylor Building on Fifth Avenue in Manhattan from the Hudson's Bay Company for $850 million.[63] The deal also included the use of floors of certain HBC owned department stores in Germany, New York, Toronto, and Vancouver as WeWork's shared office workspaces.[64][65] The transaction closed in February 2019.[66][67] In October 2017, WeWork acquired Flatiron School, a coding school.[68][69] It was sold in June 2020.[70] In November 2017, WeWork invested in The Wing, a co-working space for women.[71] It sold the stake in January 2020.[72] Also in November 2017, WeWork acquired Meetup for approximately $156 million.[73][74] It was sold at a loss in 2020.[75] In the same month, WeWork invested in Wavegarden, which designs and manufactures artificial wave devices.[76][77] In addition, during November 2017, WeWork announced that in the fall of 2018 it would launch WeGrow, a private school for children aged 3 through students in grade 4.[78] The first permanent location was in WeWork's New York headquarters.[79] In September 2019, Rebekah Neumann resigned as CEO of WeGrow.[80] The WeGrow school closed at the end of the 2019 academic year.[81] In December 2017, the company opened its first location in Singapore.[82]

2018

[edit]
WeWork Coworking Space in Vancouver

In January 2018, students taking online university courses from 2U were given access to WeWork common spaces and meeting rooms.[83] In December 2018, WeWork opened its first location on a college campus at the University of Maryland, College Park.[84][85] In March 2018, WeWork raised over $400 million alongside Rhône Group, a private equity firm to start a fund to purchase properties directly.[86] Also in March 2018, WeWork acquired Conductor.[87][88] Conductor executives bought back the company from WeWork in December 2019.[89] In April 2018, WeWork acquired Chinese coworking operator Naked Hub for $400 million.[90][91][92][93] In May 2018, WeWork acquired MissionU, a self-styled college alternative, for $4 million in stock.[94] MissionU was wound-down shortly afterwards and students were not charged tuition. Cash was returned from MissionU to its investors. MissionU's CEO went on to become COO of WeWork's kindergarten program, WeGrow.[95] In July 2018, the company restricted employees globally from being reimbursed by the company for meals that contained pork, poultry, or red meat. The firm also announced that it would not provide meat for events at its locations nor allow meat at self-serve food kiosks in its locations.[96][97][98] In July 2018, WeWork raised $500 million to expand its business in China, valuing its Chinese subsidiary at $5 billion.[99] In August 2018, WeWork's Flatiron School acquired Designation, a for-profit design school.[100][101] In September 2018, WeWork acquired Teem, an office management software company, for $100 million.[102] It was sold to iOffice in 2020.[72] In November 2018, SoftBank acquired a warrant to buy up to $3 billion worth of shares in the company by the end of September 2019 at a $42 billion valuation.[103]

In 2018, the company purchased a Gulfstream G650 business jet for more than $60 million, cited as an example of CEO Adam Neumann's excessive spending.[104]

WeWork lost over $2 billion in 2018.[105]

2019

[edit]

In January 2019, WeWork raised an additional $2 billion from SoftBank at a $47 billion valuation. SoftBank considered investing as much as $16 billion but downsized plans due to turbulence in financial markets and opposition from investors. The investment brought SoftBank's total funding in WeWork to over $10 billion.[106][107] In late January 2019, WeWork announced that it would open a location on two floors of a building in Tampa Heights in 2020 as part of its expansion into Tampa, Florida.[108] In April 2019, WeWork acquired Managed by Q, a platform that office tenants can use to hire service providers.[109] It was sold at a loss in March 2020.[110] On April 29, 2019, WeWork filed a draft registration statement for a proposed initial public offering.[111] By July 2019, Adam Neumann had liquidated $700 million of his WeWork stock.[112] On August 14, 2019, the company filed Form S-1.[11][113] The filing revealed significant losses, expensive lease agreements, and a complex relationship with founder Adam Neumann.[114][115] It also disclosed $47 billion of future lease obligations and only $4 billion of future lease commitments.[116][5] The company was then "besieged with criticism over its governance, business model, and ability to turn a profit."[104]

The company changed the legal name of WeWork to We Company and, according to the August 2019 Form S-1 filing, the firm paid $5.9 million to an entity owned by Adam Neumann and other WeWork founders for brand licensing the name.[117][118] In early September 2019, Neumann returned the $5.9 million to the company for the use of the trademark and gave the company all of the trademark rights for the "We" family trademarks.[119]

On August 27, 2019, WeWork acquired Spacious, a company that leases unused space from restaurants during daytime hours and then rents this space to remote workers.[120] Spacious was shut down 4 months later, in December 2019.[121]

On September 4, 2019, WeWork added its first female director, Harvard Business School professor Frances Frei, to the company's board of directors.[119]

On September 13, 2019, the company announced changes to its corporate governance to include the ability for the board of directors to pick a new CEO and not having CEO Adam Neumann's family members on the board. Neumann also agreed to transfer to the company any profits from his real estate deals with the company.[122][123]

On September 17, 2019, amid growing investor concerns over its corporate governance, valuation, and outlook for the business, WeWork formally withdrew its S-1 filing and announced the postponing of its IPO until late 2019.[124] At that time, the reported public valuation of the company was around $10 billion,[6] a reduction from the $47 billion valuation it achieved in January and less than the $12.8 billion it had raised since 2010.[7] In mid-September 2019, unrelated to the company's delayed initial public offering, Wendy Silverstein, the co-head of WeWork's real estate investment fund ARK, departed the company.[125] By September 23, 2019, SoftBank wanted Neumann removed as chief executive.[105] The following day, amid mounting pressure from investors, company co-founder Adam Neumann resigned as CEO and gave up majority voting control in WeWork. Artie Minson and Sebastian Gunningham were named co-CEOs of the company.[126] That same day, WeWork put its Gulfstream G650 aircraft up for sale. Critics said the plane had become a "red flag in the leadup to the company's IPO" and had created problems with employees who didn't receive promised bonuses or raises.[127]

In October 2019, Neumann received close to $1.7 billion from SoftBank for resigning from WeWork's board of directors and severing most of his ties to the company.[9] The $1.7 billion included $970 million for his remaining shares, a $185 million consulting fee, and a $500 million credit to assist him to repay his loans to J.P. Morgan Chase.[128] He was retained as a consultant with an annual salary of $46 million.[10]

In October 2019, WeWork announced the opening of new co-working locations in Singapore and Manila.[129] Also in October 2019, WeWork abandoned plans to open an office in the U.S. Steel Tower in downtown Pittsburgh. The company had planned to build out as much as 105,000 square feet in the building.[130][131] On October 14, 2019, WeWork warned clients that approximately 1,600 office phone booths at some of its offices in Canada and the United States were tainted with formaldehyde. The company said another 700 phone booths would possibly be taken out of service as a precautionary measure. This situation came to the attention of the company after some members reported eye irritation and a strong odor.[132][133][134][135] On November 6, 2019, SoftBank Group reported $9.2 billion in write-downs on its investments in WeWork. This amount was approximately 90% of the $10.3 billion SoftBank invested in WeWork over the previous few years.[136] On November 21, 2019, WeWork announced layoffs of 2,400 employees, almost 20% of its workforce globally.[137]

2020

[edit]

In January 2020, WeWork began phasing out free beer at all North American co-working locations and announced plans for a slower growth rate.[138][139] On February 1, 2020, WeWork announced that Sandeep Mathrani, a former senior executive at GGP Inc. and Brookfield Property Partners, would become CEO of the company, effective February 18, 2020.[140] On February 3, 2020, WeWork opened its first location in the Middle East outside of Israel[141] in Abu-Dhabi's technology park Hub 71 under the name WeWork x Hub 71.[142] On February 10, 2020, WeWork announced the temporary closure of 100 buildings in China due to the COVID-19 pandemic.[143] In late March 2020, WeWork laid off 250 employees in an effort to lower expenses, followed by another round of employee layoffs at the end of April 2020.[144][145] On June 5, 2020, McKelvey announced that he would be leaving WeWork at the end of the month.[146]

In 2020, the company vacated 66 locations and re-negotiated lower rent, deferrals, or other lease changes at more than 150 others.[147]

2021

[edit]

In March 2021, the company reached a deal to become a public company via a special-purpose acquisition company with a $9 billion valuation and merge with BowX Acquisition Corp.[148][149] Post merger, Mathrani would continue to remain CEO but Vivek Ranadivé from BowX and Deven Parekh from Insight Partners would join the new board.[150] The merger was consummated in October 2021 and shares of WeWork began trading on the New York Stock Exchange.[151] In August 2021, WeWork was one of five co-working providers selected by the General Services Administration to provide services for the Federal government of the United States.[152] In October 2021, WeWork announced a partnership with Cushman & Wakefield that included a $150 million investment in WeWork.[153][154]

2022

[edit]

In January 2022, WeWork announced the acquisition of Common Desk.[155][156] During the 2022 Russian invasion of Ukraine, in March 2022, WeWork closed its offices in Russia.[157] Later in 2022, the company announced that it was developing a software product with Yardi Systems called WeWork Workplace.[158]

In May 2022, WeWork named Andre Fernandez as its new CFO. He replaced Benjamin Dunham, who departed after 18 months at the company.[159]

2023

[edit]

In April 2023, WeWork faced delisting on the New York Stock Exchange as its stock price had fallen below a $1.00 threshold. The company was valued at $360.9 million, down from its $47 billion valuation in 2019.[8]

At the end of June 2023, the firm had more than 700 locations in 39 countries worldwide.[160] At the time, WeWork spent more than 80% of its revenue on rent and interest, paying over $2.7 billion a year.[161]

On August 8, 2023, WeWork warned that it had "substantial doubt" that it can stay in business any longer and announced that it may have to file for Chapter 11 bankruptcy protection.[162] WeWork said it would be trying to control its expenses, as well as reduce its rent and tenancy costs by restructuring and renegotiating leases with landlords. The company also said it would attempt to retain current occupants of its workspaces and try to raise money by selling some assets. The company made a net loss of $397 million (£311 million) between April and June 2023, though this was an improvement of $238 million compared with the same period a year earlier.[163]

On August 24, 2023, a group of investment management companies that lent cash to WeWork announced they were exploring options to save the company, including a potential Chapter 11 bankruptcy reorganization. The group includes three companies, BlackRock, King Street Capital Management, and Brigade Capital.[164]

In October 2023, Bloomberg reported that investors and creditors, including SoftBank, King Street Capital Management, and others were negotiating to gain control of WeWork.[165] On October 31, 2023, WeWork announced that it would be preparing to file for Chapter 11 bankruptcy as soon as the following week as its forbearance agreement with its creditors was scheduled to terminate effective November 6. As a result, WeWork's stock plunged an additional 37%.[166]

On November 6, WeWork's stock trading was suspended and halted, and WeWork filed a petition under Chapter 11 of the United States Bankruptcy Code in the United States District Court for the District of New Jersey shortly after that, listing liabilities of approximately $10 billion to $50 billion. Most of WeWork's office spaces will remain operational during the bankruptcy procedure. However, the company has entered agreements with its bondholders to request to reject leases and exit largely non-operational leases. Members of affected locations will immediately receive advance notice of their office location shutting down. Almost immediately after the filing was announced, WeWork's stock was delisted from the New York Stock Exchange. The company also filed recognition proceedings in Canada under Part IV of the Companies' Creditors Arrangement Act. Locations outside the United States and Canada and WeWork franchisees are not part of the bankruptcy procedure.[167][168] According to the Financial Times, SoftBank had invested or committed over $16 billion by the time of WeWork's bankruptcy, including a $1.5 billion payment to Goldman Sachs and other creditors days prior to WeWork's bankruptcy as SoftBank had acted as guarantor of WeWork's loans.[169]

2024

[edit]

On 29 April 2024, a court-approved deal was reached between WeWork and its senior creditors outlining the company's financial restructuring. Yardi Systems, a real estate technology provider and creditor to WeWork, will invest $337 million, acquiring a 60% stake. The remaining $113 million will come from a separate group of hedge funds in exchange for a 20% stake. On 30 May 2024 the deal was approved and Anant Yardi was added to the board of WeWork.[170][171] John Santora was appointed as CEO the following month.[172]

In 2024, WeWork decided to exit the Indian market and sold its stake in WeWork India to Embassy Group.[173] Some commentators opined that this was a distress sale because Embassy Group was itself selling part of its stake to outside investors but at a higher price than WeWork Inc. [174]

[edit]

In September 2018, the company eliminated broad-based non-compete clauses to settle a lawsuit from the Attorney General of New York.[175]

In October 2018, former WeWork director of culture Ruby Anaya filed a sexual harassment lawsuit claiming that at a company event in January 2018, a male employee grabbed her by the waist and forcibly kissed her and that in August 2017, a different employee grabbed Anaya from behind in a "sexual manner".[176] The suit highlighting the company's "frat-boy culture" also alleged that co-founder Neumann "plied [her] with tequila shots during her interview with the company."[177][178] Shortly after this claim was made, WeWork put an end to its unlimited beer for employees and implemented a policy of only four beers per day in the New York office.[179][needs update]

In June 2019, WeWork was sued by the former head of compensation, Lisa Bridges, for gender-based pay discrimination, particularly in granting stock options. She alleged that she was fired after discussing the issue.[180][181][needs update]

Also, in June 2019, Richard Markel, a former WeWork executive making $300,000 per year, sued the company for age discrimination after allegedly being replaced with a younger worker.[182] Markel voluntarily dismissed the case in August 2019.[183]

In October 2019, Medina Bardhi, the former chief of staff for Adam Neumann, represented by Douglas Wigdor, sued the company over various allegations including a gender pay gap, marijuana use by company executives, and pregnancy discrimination.[184][185][needs update]

In February 2020, Ayesha Whyte, former director of employee relations, sued WeWork for gender and race discrimination, "saying she was promised a well-paying job that never materialized, all while less-qualified white people were promoted."[186] In June 2020, the lawsuit was forced into arbitration.[187][needs update]

In April 2020, SoftBank, then the largest shareholder of WeWork, cancelled its $3 billion tender offer to buy shares directly from some of WeWork's major stockholders, citing failure by WeWork to obtain certain regulatory approvals, new criminal and civil investigations, and government actions due to the COVID-19 pandemic as reasons for withdrawing the offer.[188] WeWork then sued SoftBank.[189] On May 4, 2020, former CEO Adam Neumann separately sued SoftBank for withdrawing the $3 billion tender offer.[190] The lawsuits were settled in February 2021.[191][needs update]

On July 8, 2020, former WeWork stock plan administrator Diane Allen, and former head of diversity & inclusion Christopher Clermont, filed separate complaints against WeWork. Both alleged race discrimination, while Allen also alleged gender discrimination and lack of action over a sexual harassment claim.[192][needs update]

WeWork was also sued by several landlords for breach of contract when it failed to pay rent or for closing locations.[193][194][195][needs update]

Notable locations

[edit]

Notable WeWork locations include:

Further viewing

[edit]

In January 2021, Apple TV+ announced a new show called WeCrashed that follows the launching and fall of WeWork. Jared Leto plays Adam Neumann and Anne Hathaway plays Rebekah Neumann.[196]

In March 2021, Hulu unveiled a documentary titled WeWork: Or the Making and Breaking of a $47 Billion Unicorn, released April 2, 2021.[197]

Further reading

[edit]
  • Wiedeman, Reeves (October 20, 2020). Billion Dollar Loser: The Epic Rise and Fall of WeWork: A Sunday Times Book of the Year. Hodder & Stoughton. ISBN 978-1-5293-8506-9.
  • Brown, Eliot; Farrell, Maureen (July 22, 2021). The Cult of We: WeWork and the Great Start-Up Delusion. HarperCollins Publishers. ISBN 978-0-00-838941-3.

References

[edit]
  1. ^ a b "WeWork Inc. 2022 Form 10-K Annual Report". U.S. Securities and Exchange Commission. March 29, 2023.
  2. ^ C, Priyamvada; Deka, Kannaki (March 17, 2023). "WeWork reaches deals to cut debt, extend maturities". Reuters.
  3. ^ Rizzi, Nicholas (May 16, 2023). "WeQuit: WeWork CEO Sandeep Mathrani Stepping Down to Join Private Equity Firm". Observer Media.
  4. ^ Brown, Elliot (September 19, 2019). "'This is not the way everybody behaves': How Adam Neumann's over-the-top style built WeWork". MSN. The Wall Street Journal. Archived from the original on February 3, 2021. Retrieved September 19, 2019.
  5. ^ a b "FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933". U.S. Securities and Exchange Commission. August 24, 2019.
  6. ^ a b Palmer, Annie (September 30, 2019). "WeWork pulls IPO filing". CNBC. Retrieved September 30, 2019.
  7. ^ a b Franklin, Joshua (September 16, 2019). "WeWork delays IPO after frosty investor response". Reuters. Archived from the original on September 17, 2019.
  8. ^ a b "WeWork receives non-compliance notice from NYSE". April 18, 2023 – via www.reuters.com.
  9. ^ a b Farrell, Maureen; Brown, Eliot (October 22, 2019). "SoftBank to Boost Stake in WeWork in Deal That Cuts Most Ties With Neumann". The Wall Street Journal.
  10. ^ a b Kimball, Whitney (November 8, 2019). "Swindled WeWorkers Ask for Dignity". Gizmodo.
  11. ^ a b Chozick, Amy (November 2, 2019). "Adam Neumann and the Art of Failing Up". The New York Times. ISSN 0362-4331. Gale A604582176. Archived from the original on November 2, 2019 – via Cengage.
  12. ^ Krouse, Sarah (November 1, 2023). "WeWork Plans to File for Bankruptcy as Early as Next Week". The Wall Street Journal. Event occurs at 07:46AM. Retrieved November 1, 2023.
  13. ^ McDonald, Zarina; Nanji, Noor (November 1, 2023). "WeWork's shares plunge 37% on bankruptcy reports". BBC News. Event occurs at 07:46AM. Retrieved November 1, 2023.
  14. ^ Isidore, Chris (October 31, 2023). "WeWork: reports say firm is filing for bankruptcy". CNN. Event occurs at 07:46AM. Retrieved November 1, 2023.
  15. ^ Thorbecke, Catherine (November 7, 2023). "WeWork files for bankruptcy | CNN Business". CNN. Retrieved November 7, 2023.
  16. ^ "What caused the WeWork bankruptcy, and why does it matter?". American Broadcasting Company News Division. November 7, 2023.
  17. ^ a b Sheftell, Jason (July 22, 2011). "WeWork gives alternative to working at home with swanky buildings across NYC". New York Daily News. Archived from the original on April 2, 2015.
  18. ^ Putzier, Konrad (October 19, 2017). "The little trick WeWork's Adam Neumann uses to charm investors". The Real Deal.
  19. ^ a b c Konrad, Alex (November 5, 2014). "Inside The Phenomenal Rise Of WeWork". Forbes. Archived from the original on February 7, 2015.
  20. ^ Weintraub, Arlene (April 6, 2011). "WeWork Labs Gives New York Entrepreneurs a Home Before They're Ready For an Office". Xconomy. Archived from the original on February 21, 2015.
  21. ^ Sweeney, Deborah. "Best of 2011: My 5 Favorite Startups". Forbes. Archived from the original on April 2, 2015.
  22. ^ Shontell, Alyson (February 15, 2013). "WeWork Labs, Home To 350 Founders And Startups Like Fitocracy, Is Opening 2 More Locations". Business Insider. Archived from the original on March 3, 2015.
  23. ^ Gellman, Lindsay; Brown, Eliot (December 15, 2014). "WeWork: Now a $5 Billion Co-Working Startup". The Wall Street Journal. Archived from the original on April 2, 2015.
  24. ^ "WeWork named to Fast Company's 50 Most Innovative Companies" (Press release). WeWork. February 9, 2015.
  25. ^ "WeWork Announces Artie Minson as President and Chief Operating Officer". MarketWatch. June 1, 2015. Archived from the original on October 17, 2015.
  26. ^ Lau, Wanda (August 5, 2015). "WeWork Acquires Case Inc". Architect Magazine.
  27. ^ Crook, Jordan (August 5, 2015). "WeWork's First Acquisition Is Building Information Modeling Firm Case". TechCrunch.
  28. ^ Kay, Grace (April 21, 2021). "The founder of a startup bought by WeWork describes how he almost destroyed his 7-year-old company's culture in the span of 24 hours over one simple mistake". Business Insider.
  29. ^ Weinberger, Matt (March 9, 2016). "WeWork is now a $16 billion company". Business Insider.
  30. ^ "WeWork raises $430m for push into Asia". Financial Times. March 9, 2016.
  31. ^ "WeWork Raises Funds at $16 Billion Valuation for Asia Expansion". Bloomberg News. March 9, 2016.
  32. ^ del Castillo, Michael (March 9, 2016). "More like WeRock: WeWork raises up to $780M at a valuation of about $17B". American City Business Journals.
  33. ^ Hall, Gina (June 6, 2016). "WeWork makes plans to cut workforce, temporarily pause hiring". American City Business Journals.
  34. ^ Lash, Herbert (July 16, 2016). "WeWork sues ex-employee for disclosing information to reporters". Reuters.
  35. ^ Farrell, Maureen (October 12, 2016). "WeWork Raises $260 Million, Capping Off $690 Million Funding Round". The Wall Street Journal. ISSN 0099-9660. Archived from the original on October 13, 2016.
  36. ^ Logan, Tim (October 18, 2016). "WeWork comes to Cambridge". The Boston Globe. Archived from the original on October 20, 2016.
  37. ^ Stiles, Marc (October 9, 2016). "WeWork makes it official: co-working giant to open big Bellevue space". American City Business Journals.
  38. ^ Kessler, Sarah (November 1, 2016). "From WeWork To WeLive: Startup Moves Members Into Its First Residential Building". Fast Company. Archived from the original on May 10, 2016.
  39. ^ Widdicombe, Lizzie (May 16, 2016). "Happy Together". The New Yorker. Archived from the original on May 12, 2016.
  40. ^ Griswold, Alison (December 21, 2016). "WeWork is testing how much people will pay to live in its experimental co-living space on Wall Street". Quartz. Archived from the original on April 6, 2017.
  41. ^ Khashimova Long, Katherine (October 15, 2019). "Beleaguered WeWork and Martin Selig dissolve deal for Seattle tower". The Seattle Times.
  42. ^ Banister, Jon (July 21, 2021). "WeWork Has Officially Pulled The Plug On WeLive". Bisnow Media.
  43. ^ Crook, Jordan (April 25, 2017). "WeWork's office takeover continues with the launch of the Services Store". TechCrunch.
  44. ^ Kessler, Sarah (April 25, 2017). "WeWork wants to make its business look more like cable TV than real estate". Quartz.
  45. ^ Gura, Ron (April 25, 2017). "WeWork Services Store is a one-stop shop for business". WeWork.
  46. ^ Eldredge, Barbara (May 31, 2017). "WeWork is opening gyms in its office spaces". Curbed. Vox Media. Archived from the original on December 1, 2017.
  47. ^ Jacobs, Sarah (October 20, 2017). "The most valuable startup in New York City just opened its first gym to compete with Equinox see what it's like inside". Business Insider. Archived from the original on October 25, 2017.
  48. ^ Rosman, Katherine (October 12, 2017). "WeWork. WeLive. We Work Out. Eventually We Die". The New York Times. Archived from the original on December 1, 2017.
  49. ^ Edelson, Zachary (October 20, 2017). "WeWork Opens Its First Gym, "Rise By We" - Metropolis". Metropolis.
  50. ^ "We Tried Out Our New Workout Gear at...WeWork". Goop. January 24, 2018.
  51. ^ MEGHANI, VARSHA (July 6, 2017). "WeWork enters India with a co-working space in Bengaluru". Forbes.
  52. ^ "WeWork India provides 15,700 sq ft office space in Bengaluru to Khaitan & Co". The Economic Times. August 25, 2020.
  53. ^ Karmali, Naazneen (February 23, 2017). "WeWork Gets Going In India With Billionaire Landlord". Forbes.
  54. ^ Bertoni, Steven (July 10, 2017). "WeWork Hits $20 Billion Valuation In New Funding Round". Forbes. Archived from the original on September 25, 2017.
  55. ^ Robinson, Melia (July 10, 2017). "WeWork, the company that simulates startup life, is worth more than Twitter, Box, and Blue Apron combined". Business Insider.
  56. ^ Zhu, Julie; Barreto, Elzio (July 26, 2017). "WeWork launches China unit with $500 million funding from Hony, SoftBank". Reuters. Archived from the original on July 31, 2017.
  57. ^ Russell, Jon (July 26, 2017). "WeWork launches dedicated China business backed by $500M from investors". TechCrunch. Archived from the original on July 29, 2017.
  58. ^ HEMPEL, JESSI (September 6, 2017). "Why WeWork Thinks It's Worth $20 Billion". Wired.
  59. ^ Brown, Eliot (August 25, 2017). "SoftBank Finalizes $4.4 Billion WeWork Investment". The Wall Street Journal.
  60. ^ "WeWork Receives $4.4 Billion Investment from SoftBank Group and SoftBank Vision Fund" (Press release). Business Wire. August 24, 2017.
  61. ^ Kolodny, Lora (August 24, 2017). "SoftBank plows more than $4 billion into commercial real estate start-up WeWork". CNBC.
  62. ^ Russell, Jon. "China's UrWork invests in Indonesia's ReWork via $3M deal as WeWork rivalry heats up". TechCrunch. Archived from the original on December 1, 2017.
  63. ^ Vandaelle, Ian (October 24, 2017). "HBC raising $1.7B in Manhattan property sale and share financing". Business News Network. Archived from the original on November 7, 2017.
  64. ^ Shaw, Hollie (November 1, 2017). "HBC mulls reported 3 billion euro offer for lagging European business". Financial Post. Archived from the original on November 3, 2017.
  65. ^ "Hudson's Bay Company Responds to Land & Buildings Press Release" (Press release). November 2, 2017. Archived from the original on November 7, 2017.
  66. ^ Noto, Anthony (February 11, 2019). "Lord & Taylor building is officially sold to WeWork". American City Business Journals.
  67. ^ Kim, Betsy (February 11, 2019). "WeWork and HBC Close on $850M Lord & Taylor Building Deal". ALM.
  68. ^ Larson, Selena (October 23, 2017). "WeWork snaps up coding bootcamp Flatiron School". CNN. Archived from the original on October 31, 2017.
  69. ^ Crook, Jordan (October 23, 2017). "WeWork acquires Flatiron School". TechCrunch.
  70. ^ Crook, Jordan (June 30, 2020). "WeWork sells Flatiron School to Carrick Capital Partners". TechCrunch.
  71. ^ Marinova, Polina (November 21, 2017). "Why WeWork Just Invested In This Women-Only Club". Fortune. Archived from the original on December 1, 2017.
  72. ^ a b Palmer, Annie (January 20, 2020). "WeWork sells Teem and its stake in The Wing as it continues to divest non-core businesses". CNBC.
  73. ^ De Vynck, Gerrit (November 28, 2017). "WeWork buys Meetup to bring people together outside of work". Chicago Tribune. Archived from the original on December 7, 2017.
  74. ^ Leswing, Kif (November 28, 2017). "$20 billion startup WeWork continues its shopping spree with $200 million for Meetup". Business Insider.
  75. ^ Perez, Sarah (March 30, 2020). "WeWork sells off social network Meetup to AlleyCorp and other investors". TechCrunch.
  76. ^ Brown, Eliot (November 15, 2017). "WeWork Takes a Dip in the Wave-Pool Business". The Wall Street Journal.
  77. ^ Noto, Anthony (November 15, 2017). "WeWork tests the waters with wave-pool maker". American City Business Journals.
  78. ^ Plagianos, Irene (November 6, 2017). "WeWork Is Launching a Grade School for Budding Entrepreneurs". Bloomberg News. Archived from the original on November 6, 2017.
  79. ^ Bonnington, Christina (November 6, 2017). "WeWork is starting an elementary school for 'young entrepreneurs'". The Daily Dot. Archived from the original on December 1, 2017.
  80. ^ Davis, Michelle F. (September 24, 2019). "WeWork CEO Adam Neumann Stepping Down". Fortune.
  81. ^ Klein, Rebecca (October 11, 2019). "WeWork Is Closing Its Private School In New York City After This Year". HuffPost.
  82. ^ Tegos, Michael (December 14, 2017). "WeWork opens its first Singapore venue but has more co-working spaces coming soon". Tech in Asia.
  83. ^ Zaleski, Olivia (January 22, 2018). "WeWork Is Turning Its Offices Into Study Halls". Bloomberg News. Archived from the original on January 25, 2018.
  84. ^ Babcock, Stephen (December 10, 2018). "WeWork opens at University of Maryland College Park, its first coworking space on a university campus". Technical.ly.
  85. ^ Banister, Jon (February 1, 2019). "Inside WeWork's First Location On A College Campus". Bisnow Media.
  86. ^ Ghosh, Shona (April 25, 2018). "WeWork documents reveal it owes $18 billion in rent and is burning through cash as it seeks more funding". Business Insider – via San Francisco Chronicle.
  87. ^ "WeWork acquires marketing leader Conductor". WeWork. March 6, 2018.
  88. ^ Chernova, Yuliya (March 6, 2018). "WeWork Wades Into Enterprise Software by Buying Conductor". The Wall Street Journal. ISSN 0099-9660.
  89. ^ Ha, Anthony (December 12, 2019). "Conductor execs buy their company back from WeWork". TechCrunch.
  90. ^ "Wework Is Acquiring China's naked Hub for 400 million". Bloomberg News. April 11, 2018.
  91. ^ Russell, Jon (April 11, 2018). "WeWork confirms deal to buy Naked Hub, one of its main competitors in China". TechCrunch.
  92. ^ Pham, Sherisse (April 12, 2018). "WeWork is buying Naked Hub to grow in China". CNN.
  93. ^ Noto, Anthony (April 12, 2018). "WeWork, now a mishmash of businesses, buys China-based Naked Hub". American City Business Journals.
  94. ^ "WeWork was a family affair, until things got complicated". The Economic Times. September 30, 2019.
  95. ^ Wan, Tony (May 30, 2018). "Acquisition Autopsy: Details—and Questions—Behind MissionU's $4M Sale to WeWork". EdSurge.
  96. ^ Hafner, Joshua (July 14, 2014). "WeWork bans meat for employees expensing meals, at company events". Bloomberg News.
  97. ^ Leinfelder, Andrea (July 18, 2018). "Beef lovers call bull on WeWork's meatless edict". Houston Chronicle.
  98. ^ O'Brien, Sara Ashley (July 13, 2018). "WeWork is banning meat". CNN.
  99. ^ Ghaffary, Shirin (July 26, 2018). "WeWork has closed a $500 million funding round for its China subsidiary". Recode.
  100. ^ Grothaus, Michael (August 28, 2018). "WeWork just acquired a Chicago design school". Fast Company.
  101. ^ Rodriguez, Salvador (August 28, 2018). "WeWork's Flatiron School acquires Chicago design school Designation". Reuters.
  102. ^ Hensel, Anna (September 12, 2018). "WeWork acquires Utah software startup Teem for a reported $100 million". VentureBeat.
  103. ^ Evans, Judith (November 13, 2018). "WeWork raises $3bn from SoftBank as losses balloon". Financial Times.
  104. ^ a b Brown, Eliot (September 18, 2019). "'This Is Not the Way Everybody Behaves.' How Adam Neumann's Over-the-Top Style Built WeWork". The Wall Street Journal.
  105. ^ a b Telford, Taylor (September 23, 2019). "Adam Neumann's chaotic energy built WeWork. Now it might cost him his job as CEO". The Washington Post.
  106. ^ Prang, Allison (January 8, 2019). "WeWork Raises Additional Capital From SoftBank". The Wall Street Journal.
  107. ^ Loizos, Connie (January 7, 2019). "For SoftBank, no majority stake in WeWork as it scales down talks from a new $16 billion investment to $2 billion". TechCrunch.
  108. ^ Carollo, Malena (January 29, 2019). "Coworking company WeWork is coming to Tampa in 2020". Tampa Bay Times. Archived from the original on January 30, 2019.
  109. ^ Geron, Tomio (April 3, 2019). "WeWork Acquires Managed by Q, Seeking to Expand Beyond Office Leases". The Wall Street Journal. ISSN 0099-9660.
  110. ^ Loizos, Connie (March 3, 2020). "Confirmed: Managed by Q sells to rival Eden for what sources say is just 11% of what WeWork paid for it last year". TechCrunch.
  111. ^ "The We Company Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering" (Press release). Business Wire. April 29, 2019.
  112. ^ Brown, Eliot; Farrell, Maureen; Das, Anupreeta (July 18, 2019). "WeWork Co-Founder Has Cashed Out at Least $700 Million Via Sales, Loans". The Wall Street Journal.
  113. ^ Lopatto, Elizabeth (August 5, 2019). "We Work isnt't a Tech Company; It's a Soap Opera". The Verge.
  114. ^ "WeWork's IPO filing reveals heavy losses in Asia". Nikkei Asia. August 15, 2019.
  115. ^ Palmer, Annie (August 17, 2019). "The strangest and most alarming things in WeWork's IPO filing". CNBC.
  116. ^ Wolverton, Troy (August 21, 2019). "2 big numbers — $4 billion and $47 billion — sum up WeWork's business model and the risky reason it could collapse in a recession". Business Insider. Archived from the original on September 13, 2019.
  117. ^ Pressman, Aaron (August 16, 2019). "Inside the Bananas, Bonkers, and Unbelievable WeWork IPO Filing—Data Sheet". Fortune. Archived from the original on August 16, 2019.
  118. ^ "Form S-1: Registration Statement". United States Securities and Exchange Commission. August 15, 2019.
  119. ^ a b Lutz, Eric (September 6, 2019). "Adam Neumann Returns $6 Million He Squeezed From WeWork". Vanity Fair. Archived from the original on September 6, 2019.
  120. ^ Sraders, Anne (August 27, 2019). "WeWork Continues Consolidation Spree with Acquisition of Spacious". Fortune.
  121. ^ Ghaffary, Shirin (December 12, 2019). "WeWork is shutting down a restaurant coworking startup it acquired only 4 months ago". Recode.
  122. ^ Platt, Eric; Fontanella-Khan, James; Samson, Adam (September 13, 2019). "WeWork overhauls corporate governance in bid to save IPO". Financial Times.
  123. ^ Tan, Gillian; Huet, Ellen (September 28, 2019). "WeWork Was a Family Affair, Until Things Got Complicated". Bloomberg News.
  124. ^ "Despite a hot year for IPOs, WeWork's stock sale is delayed". CBS News. September 17, 2019.
  125. ^ "Wendy Silverstein, co-head of WeWork's real-estate fund, is out". The Real Deal. September 20, 2019.
  126. ^ Levy, Ari; Kim, Eugene (September 24, 2019). "WeWork's new co-CEOs have experience at tech giants like Amazon and AOL". CNBC.
  127. ^ Morris, Meghan (September 26, 2019). "WeWork is selling the company's $60 million luxurious private jet that Adam Neumann and his family personalized and used to fly all over the world". Business Insider.
  128. ^ Haselton, Todd; Sherman, Alex (October 22, 2019). "WeWork's Adam Neumann offered package worth up to $1.7 billion to step down from board". CNBC.
  129. ^ Ungku, Fathin (October 10, 2019). "WeWork to open new co-working sites in Singapore and Manila". Reuters.
  130. ^ Belko, Mark (October 16, 2019). "WeWork abandons plans for U.S. Steel Tower office". Pittsburgh Post-Gazette.
  131. ^ Schooley, Tim (October 16, 2019). "WeWork deal at 600 Grant Street falls through". American City Business Journals.
  132. ^ Palmer, Annie (October 14, 2019). "WeWork alerts members that at least 1,600 of its office phone booths are tainted with formaldehyde". CNBC.
  133. ^ Lomas, Natasha (October 14, 2019). "WeWork pulls thousands of phone booths out of service over formaldehyde scare". TechCrunch.
  134. ^ Shanahan, Ed (October 14, 2019). "WeWork Warns Tenants That 2,300 Phone Booths May Be a Hazard". The New York Times.
  135. ^ "Cancer-causing chemical found in WeWork phone booths". The Guardian. Reuters. October 14, 2019.
  136. ^ Sherman, Erik (November 6, 2019). "SoftBank Group Writes Down $9.2 Billion on WeWork—and That's Only the Beginning of the Bad News". Fortune.
  137. ^ Palmer, Annie (November 21, 2019). "WeWork lays off 2,400 employees". CNBC.
  138. ^ Mak, Aaron (January 29, 2020). "Are WeWorks in Revolt Now That the Company Is Taking Away Free Beer?". Slate.
  139. ^ Marinova, Polina (January 22, 2020). "WeWork's other cofounder has a plan to save the company. It's the opposite of what Adam Neumann envisioned". Fortune.
  140. ^ Eavis, Peter (February 1, 2020). "WeWork to Name New Chief". The New York Times.
  141. ^ "WeWork Brings Its New Kind of Office to Israel". December 18, 2014. Retrieved February 20, 2023.
  142. ^ "WeWork comes to the UAE". Mashable. February 3, 2020.
  143. ^ Feuer, William; Lovelace, Berkeley (February 10, 2020). "Coronavirus live updates: WeWork closes 100 buildings, UK confirms new cases". CNBC.
  144. ^ Huet, Ellen; Tan, Gillian (March 28, 2020). "WeWork Cuts Another 250 Jobs in Further Attempt to Trim Costs". Bloomberg News.
  145. ^ Sharf, Samantha (April 30, 2020). "WeWork Unraveling Continues With New Layoff Round". Forbes.
  146. ^ Bosa, Deirdre (June 5, 2020). "WeWork co-founder Miguel McKelvey is leaving at the end of the month". CNBC.
  147. ^ "WeWork's Revenue and Membership Shrink in Third Quarter". Bloomberg News. November 12, 2020.
  148. ^ Dean, Grace; Mohamed, Theron (March 26, 2021). "WeWork has agreed to become a public company via a SPAC merger. The deal values it at $9 billion, less than a quarter of its 2019 valuation". Business Insider.
  149. ^ Farrell, Maureen; Putzier, Konrad (January 28, 2021). "WeWork in Talks to Combine With SPAC or Raise Money Privately". The Wall Street Journal. ISSN 0099-9660.
  150. ^ Turner, Giles (March 26, 2021). "WeWork agrees to $9 billion SPAC deal in new path to go public". Fortune.
  151. ^ Subin, Samantha (October 21, 2021). "WeWork shares jump more than 13% in public markets debut after SPAC merger". CNBC.
  152. ^ Navera, Tristan (August 26, 2021). "GSA picks five coworking providers, WeWork included, to serve the federal workforce". American City Business Journals.
  153. ^ "CUSHMAN & WAKEFIELD MAKES STRATEGIC INVESTMENT OF $150 MILLION IN WEWORK" (Press release). Cushman & Wakefield. October 29, 2021.
  154. ^ Grant, Peter (August 9, 2021). "WeWork and Cushman & Wakefield Are Forming $150 Million Partnership". The Wall Street Journal.
  155. ^ Womack, Brian (January 25, 2022). "WeWork acquiring DFW co-working company Common Desk". American City Business Journals.
  156. ^ Sperling, Maddy (January 25, 2022). "WeWork buys Dallas-based Common Desk in first acquisition since going public". The Real Deal.
  157. ^ Dean, Grace (March 8, 2022). "WeWork says it will close its Moscow offices, a week after its CEO said there were no plans to leave the Russian market". Business Insider.
  158. ^ Huet, Ellen (April 13, 2022). "WeWork Wants to Be a Tech Company Again, Sort Of". BQ Prime. Retrieved May 7, 2022.
  159. ^ "WeWork Names Andre Fernandez as CFO". The Real Deal New York. May 27, 2022. Retrieved May 27, 2022.
  160. ^ "WeWork to start closing some offices around the world". BBC News. November 2, 2023. Retrieved November 2, 2023.
  161. ^ Brown, Eliot; Putzier, Konrad (November 2, 2023). "Adam Neumann Wounded WeWork, an Office Market Bust Finished It Off". The Wall Street Journal.
  162. ^ "WeWork warns of remaining going concern and says bankruptcy is possible". CNBC. August 8, 2023. Retrieved August 8, 2023.
  163. ^ Partridge, Joanna (August 9, 2023). "WeWork has 'substantial doubt' it can stay in business". The Guardian. ISSN 0261-3077. Retrieved August 9, 2023.
  164. ^ "Wall Street funds explore potential bankruptcy plan for WeWork - WSJ". Reuters. August 24, 2023. Retrieved August 25, 2023.
  165. ^ Basu, Reshmi; Hudson, Erin (October 26, 2023). "WeWork's Creditors Are Fighting Over Control of the Restructured Company". Bloomberg.com. Retrieved October 26, 2023.
  166. ^ "WeWork's shares plunge amid bankruptcy reports". CNN. November 1, 2023. Retrieved November 2, 2023.
  167. ^ "WeWork files for bankruptcy". CNBC. November 6, 2023. Retrieved November 6, 2023.
  168. ^ "WeWork — once one of the world's hottest startups — declares bankruptcy". CBS News. November 6, 2023. Retrieved November 6, 2023.
  169. ^ "SoftBank paid $1.5bn to WeWork lenders including Goldman Sachs days before bankruptcy". Financial Times. November 8, 2023. Retrieved November 8, 2023.
  170. ^ "WeWork set to emerge from bankruptcy". BBC News. May 30, 2024. Retrieved May 31, 2024.
  171. ^ Shivangini (May 31, 2024). "Anant Yardi, successor to Adam Neumann, takes over as CEO of WeWork post-bankruptcy". mint. Retrieved May 31, 2024.
  172. ^ Grantham-Phillips, Wyatte (June 12, 2024). "WeWork has emerged from bankruptcy. What's next for the co-working office space provider?". AP News.
  173. ^ "WeWork gets CCI nod to sell stake in local unit, exit Indian market". Business Standard.
  174. ^ "WeWork gets a crap deal but Embassy gets a great one". Boring Money. Retrieved June 20, 2024.
  175. ^ FLEISHMAN, GLENN (September 18, 2018). "WeWork Settles With New York, Drops Broad Employee Non-Compete Clauses". Fortune.
  176. ^ Ghaffary, Shirin (October 12, 2018). "A former WeWork employee is suing the company over alleged sexual assaults fueled by 'frat-boy culture'". Vox Media.
  177. ^ O'Brien, Ashley (October 12, 2018). "Former WeWork employee sues for sexual harassment, retaliation". CNN Business. Retrieved January 10, 2019.
  178. ^ Rajamani, Maya (October 12, 2018). "NYC Woman Assaulted by Two WeWork Employees Amid 'Frat-Boy Culture' That Pervades Coworking Company, Lawsuit Claims". NBC Chicago. Retrieved January 10, 2019.
  179. ^ Small, Eddie (November 2, 2018). "Party foul? Unlimited beer is no longer a thing at WeWork". The Real Deal. Retrieved January 10, 2019.
  180. ^ Jeans, David (June 20, 2019). "Men take risks and women don't: WeWork's former head of compensation accuses company of gender pay discrimination". The Real Deal.
  181. ^ Wolverton, Troy (August 27, 2019). "WeWork gave out 58 stock awards worth at least $1 million each in February, and 94% of them went to men, according to a lawsuit". Business Insider.
  182. ^ O'Brien, Sara Ashley (June 14, 2019). "Former WeWork VP sues the company alleging age discrimination". CNN.
  183. ^ "Markel v. We Work Management LLC". Unicourt.
  184. ^ Feuer, Lauren; Feiner, William (October 31, 2019). "Ex-WeWork CEO accused of gender discrimination, smoking pot in front of pregnant staffer". CNBC.
  185. ^ Yaffe-Bellany, David (October 31, 2019). "WeWork's Ousted C.E.O. Adam Neumann Is Accused of Pregnancy Discrimination". The New York Times. ISSN 0362-4331.
  186. ^ Hall, Miriam (March 1, 2020). "WeWork Hit With Gender, Racial Discrimination Lawsuit". Bisnow Media.
  187. ^ "Whyte v. WeWork Cos.: DECISION AND ORDER DENYING PLAINTIFF'S PETITION FOR CERTIFICATION OF INTERLOCUTORY APPEAL". July 31, 2020.
  188. ^ Lomas, Natasha (April 2, 2020). "SoftBank terminates $3B tender offer for WeWork shares". TechCrunch.
  189. ^ Feiner, Lauren; Sherman, Alex (April 7, 2020). "WeWork board sues SoftBank over withdrawal to buy $3 billion worth of shares". CNBC.
  190. ^ Eavis, Peter (May 5, 2020). "Adam Neumann, WeWork's Former Chief, Sues SoftBank". The New York Times.
  191. ^ Khan, Shariq (February 26, 2021). "SoftBank reaches settlement with former WeWork CEO Neumann". Reuters.
  192. ^ Neubauer, Kelsey (July 9, 2020). "WeWork Hit With 2 More Lawsuits Over Discrimination, Pay Equity". Bisnow Media.
  193. ^ Carlock, Catherine (May 20, 2021). "WeWork sued for $1.8M in back rent after closing South Station coworking space". American City Business Journals.
  194. ^ Matsuda, Akiko (April 23, 2021). "WeWork slapped with $37M lawsuit by Chelsea landlord". The Real Deal.
  195. ^ Hall, Miriam (April 26, 2021). "WeWork Sued For $37M After Landlord Says It Skipped Rent, 'Surreptitiously' Moved Members Elsewhere". Bisnow Media.
  196. ^ Gilblom, Kelly (January 29, 2021). "Apple greenlights TV series 'WeCrashed' about WeWork's rise and fall". Fortune.
  197. ^ Rothstein, Jed. "WeWork: or The Making and Breaking of a $47 Billion Unicorn". Hulu.
[edit]
Wikimedia Commons has media related to WeWork.
  • Official website
  • Business data for WeWork Inc.:
    • Historical business data for The We Company:
    • SEC filings
Retrieved from "https://en.wikipedia.org/w/index.php?title=WeWork&oldid=1255202437"