#238 - Reeves Wiedeman - The Catastrophic Story Of WeWork
Modern Wisdom
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The Rise and Fall of WeWork
This chapter explores the dramatic journey of WeWork, from its inception during the 2008 recession to its ambitious expansion as a global enterprise. It examines the company's spectacular fall, marked by a failed IPO and the ousting of its charismatic CEO, along with an intriguing comparison to the Fyre Festival's downfall. The narrative raises critical questions about the sustainability of Silicon Valley's 'unicorn' startups and the implications of aggressive investment strategies.
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