Tag: WeWork
Goldman Sachs says it absorbed a $80 million write-down after WeWork’s IPO disaster
The loss fell under analysts' expectations, as Morgan Stanley had projected a $264 million hit for Goldman.
Investors are more worried than ever that WeWork won’t be able to pay down its debt
The lifeline would secure capital WeWork was previously expecting to take in from its IPO, but the package is risky for the company's bondholders.
It’s been a record-breaking year for CEO departures. Here are the 26 most dramatic exits.
Nine months into the year, 2019 has already surpassed the number of CEO departures seen in the same time span during the 2008 recession.
Ousted WeWork CEO Adam Neumann ‘is a great entrepreneur,’ says Salesforce CEO Marc Benioff
Marc Benioff has been warning for years that unicorns are prone to governance issues. But he's standing in support of WeWork's Neumann.
WeWork reportedly is favoring JPMorgan over SoftBank to bail out the buckling real-estate firm
JPMorgan Chase's refinancing package would be roughly worth $5 billion, company insiders told Bloomberg.
WeWork is reportedly cutting 2,000 jobs as soon as this week, and the staff is turning on Adam Neumann
The job cuts equate to 13% of the company's workforce, the Guardian reported on Tuesday.
IPO flops and CEO firings have made it clear that Silicon Valley’s magic startup formula is about to change: Welcome to the age of Founder Frene...
The non-aggression pact between startups and investors known as "Founder Friendly," is showing signs of strain. Here's what comes next.
The WeWork IPO fiasco of 2019, explained in 30 seconds
Attempting to go public stirred up a lot of drama — in finances and leadership — for WeWork, the nine-year-old coworking company.
Leaked emails reveal WeWork was warned about potentially dangerous phone booths tainted with formaldehyde as early as August
WeWork tenants complained about noxious chemicals in the phone booths as early as August, leaked emails obtained by Business Insider show.
16 wild details that reveal the lavish life of WeWork founders Adam and Rebekah Neumann
In March, Forbes estimated that WeWork cofounder Adam Neumann was worth $4.1 billion. It has since reported that he is no longer a billionaire.