Work in progress

WeWork valuation

WeWork (also known as The We Company) is a provider of shared workspaces for technology startup subculture communities. The company offers office space with facilities and services like the Internet, printers, free refreshments, and private phone booths, enabling startups, entrepreneurs, and small businesses to collaborate and share experiences.

Between 2010 and 2020 WeWork soared to a valuation of more than $45b before it came crashing down.

"Neumann created a company that destroyed value at a blistering pace and nonetheless extracted a billion dollars for himself. He lit $10 billion of SoftBank’s money on fire and then went back to them and demanded a 10% commission. What an absolute legend."