WeWork Part 7: In the End, There Was Adam
Foundering
We Work Employees Were Out of Luck
We works employees were out of luck. They just sat back and watched the stock plum it in value. One former employee told me they bought a house thinking they'd be able to pay it off by selling their shares. Another said they took out a loan right before the ipo so they could buy their stock early and save on taxes down the road. But once the ipo was canceled, they were stuck with a six figure tax bill.
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