WeWork's Financial Crisis and Leadership Downfall

This chapter examines WeWork's financial struggles in 2018, revealing substantial losses and the controversial use of community-adjusted EBITDA. It addresses the tensions surrounding the company's inflated valuations, Adam Neumann's leadership controversies, and ultimately his resignation amid turmoil and public scrutiny.

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Stig Brodersen speaks with Reeves Wiedeman and learns the unfiltered story of The Rise and Fall of WeWork and co-founder Adam Neumann.

IN THIS EPISODE, YOU'LL LEARN:

(04:12) How WeWork got started.
(19:53) How WeWork tried becoming a tech company with a 16-year-old Director of IT.
(27:29) How Softbank made a $4.4B investment in WeWork on a napkin.
(35:08) Whether or not CEO Adam Neumann was a true believer of a con artist.
(37:07) How WeWork went from a $96B valuation to single digits in a matter of weeks.
(40:28) Why Adam Neumann was ousted from his own company.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

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Reeves Wiedeman’s book, Billion Dollar Loser – Read reviews of this book.

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