The Downfall of FTX and WeWork: Lessons on Fraud, Hype, and Charismatic Leaders

This chapter explores the hype surrounding FTX and WeWork as examples of boom-bust stories with charismatic leaders. It delves into the founding and business models of both companies, emphasizing the fraudulent practices that led to their downfall. The chapter also discusses the financial repercussions of WeWork's collapse and highlights the warning signs for the entire property industry.