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💀 “RIP Great Resignation” — Quiet Quitting’s reversal. WeWork’s Bankruptcy. Shein’s ultra-fast IPO.
Nov 8, 2023
Adam Neumann, the founder of WeWork, discusses the company's bankruptcy. Friedrich Nietzsche's philosophy is used to explain Shein's ultra-fast fashion. The Great Resignation has transitioned from quiet quitting to loud lingering.
21:53
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Quick takeaways
- WeWork, once valued at $47 billion, has declared bankruptcy due to its substantial debt.
- Shein, the Chinese ultra-fast fashion app, is reportedly targeting an IPO in the United States next year with a valuation of $90 billion.
Deep dives
WeWork Declares Bankruptcy
WeWork, once valued at $47 billion, has declared bankruptcy due to its substantial debt. The co-working spaces will remain open for now, but landlords and lenders are expected to suffer losses. Shareholders, including founder Adam Neumann, are likely to lose everything they invested in the company.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode