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ARTIE MINSON
ETtech Explained: WeWork's downfall from $47 billion valuation to bankruptcyThe startup opened its first location in New York City, in April 2011. It focused on leasing office space, rather than buying.- Some WeWork staff planned their lives around a stock deal that just collapsedSoftBank’s decision to pull out underlines the precarious nature of owning shares in a startup, even when the company was, at one point, th...
- WeWork names real estate veteran Sandeep Mathrani its new ceoWeWork said the new CEO will report to Executive Chairman Marcelo Claure, an executive at SoftBank Group Corp., which committed billions of...
- Adam Neumann’s era of excess and eccentricity is over at WeWorkNeumann will walk away with as much as $1.2 billion as well as a $500 million credit line from SoftBank.
- WeWork’s startup party ends with some 2,000 jobs set to be cutThe job cuts will mean that some employees won’t be able to live out the company’s mantra of “do what you love.”
- WeWork bosses tell employees job cuts are coming this monthExecutives said clients and tenants were still interested in WeWork’s offerings, and implored staff to focus on its core business and custo...
- WeWork may have only enough cash to last for six monthsWeWork has only enough cash to last for six months. It’s losing millions of dollars a day.
- WeWork IPO plan in doubt as CEO Neumann exits under pressureTwo senior WeWork executives, Sebastian Gunningham and Artie Minson, were appointed as co-CEOs.
- WeWork postpones long-awaited IPO, sending its bonds fallingThe IPO was expected to be the next step in WeWork’s rapid growth and mark a victory for Japanese telecom giant SoftBank Group Corp.’s plan...
- WeWork’s revenue doubled last year. So did its lossesThe company has sometimes timed financial discussions with announcements of fundraising deals from SoftBank, including when WeWork raised a...
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