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burning money
News

WeWork Burned Half A Billion Dollars In Cash In Q3

... staff and replacing management, and selling noncore businesses acquired when Adam Neumann was running things.  More recently, Mathrani has said the company ...

Nov 15, 2020
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Los Angele Mayor Eric Garcetti speaks at the release of WeWork's first economic impact report in Hollywood.
News

WeWork Members Mean $4.4B In GDP For LA, Study Finds

... for WeWork to house a green incubator, WeWork co-founder Adam Neumann said the company commissioned the economic analysis as proof of ... to improve the efficiency of the country’s advanced manufacturing. Neumann said the partnership with LA is the next step in ...

May 10, 2018
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WeWork UMD College Park
News

WeWork Hit With 2 More Lawsuits Over Discrimination, Pay Equity

... many alcohol-fueled events under co-founder and former CEO Adam Neumann. In the lawsuit filed this week, Clermont alleges he was ...

Jul 09, 2020
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Cushman & Wakefield Senior Director Paul Carney
News

Cushman & Wakefield Hires Tysons-Based Tenant Broker From WeWork

... . After the IPO was officially shelved in October and CEO Adam Neumann was ousted, WeWork halted its leasing activity.  Prior to his ...

May 18, 2020
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WeWork New York Headquarters
News

WeWork, Once Valued At $47B, Is Now Worth Less Than $3B, SoftBank Says

... from roughly $8B when SoftBank ousted CEO and co-founder Adam Neumann and from $47B early last year. SoftBank revealed its $100B ...

May 18, 2020
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wework
News

WeWork Says It Has Paid 80% Of Rent, As SoftBank Battle Heats Up

... benefited a number of WeWork shareholders, including ousted company founder Adam Neumann, who stood to sell his stake to SoftBank for $970M ...

May 12, 2020
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SoftBank Expects Up To $6.6B Loss From WeWork Over The Past Year
News

SoftBank Expects Up To $6.6B Loss From WeWork Over The Past Year

... for breaching its contract and its fiduciary duty. WeWork founder Adam Neumann is also said to be gearing up to sue over ...

Apr 30, 2020
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A WeWork location near the White House in Washington, D.C., photographed in December 2016.
News

WeWork Rakes In $745M To Buy New Buildings

... September 2019, leading to the ouster of mercurial co-founder Adam Neumann. But its property investment arm is still bringing in a ...

Apr 29, 2020
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An example of a WeWork lounge area with the dots representing where people can sit under new social distancing measures.
News

WeWork Rolls Out New Social Distancing Workspace Designs

...  a breach of contract. Ousted WeWork founder and former CEO Adam Neumann is reportedly planning to file his own suit against SoftBank.

Apr 28, 2020
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SoftBank
News

SoftBank Won't Buy $3B In WeWork Stock As Planned, Citing Investigations

Tokyo-based SoftBank cited the criminal and civil investigations of WeWork that began after the bailout deal was struck in October, though it didn't specify what authorities were investigating, the Wall Street Journal reports. SoftBank also said the ...

Apr 02, 2020
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