The Personality Behind WeWork's Downfall
At the start of 2019, WeWork was on top of the world. It was valued at nearly $47 billion and crowned one of the fastest growing, most valuable startups in recent history. It’s founder and CEO, Adam Neumann, was soaring as well, preparing to take his co-working empire public, which would make him a billionaire several times over. The company was growing at a historically rapid pace, doubling over the last year to over half a million members renting desks at WeWork locations in 111 cities globally. Revenues were compounding as well, on track to surpass $3 billion at the end of the year.