WeWork CEO Adam Neumann (Credit: Getty Images) As WeWork marches toward an IPO, the office-space company’s losses have continued to soar. For the first half of 2019, the company generated $1.54 billion in revenue and posted a net loss of $689.7 million, according to an IPO filing the company released Wednesday. The Wall Street Journal […]
WeWork’s latest pursuits? Martin Scorsese, an NBC show and Amazon comparisons
Ashton Kutcher, Adam Neumann, and Martin Scorsese (Credit: Getty Images) Add these ideas to the pile of ambitious and strange projects WeWork’s executives have pursued: an ad-campaign directed by Martin Scorsese and an NBC television show produced by actor-cum-tech bro Ashton Kutcher. The office space startup, whose parent firm The We Company is valued at $47 […]
The office landlord’s big gamble: WeWork is sole tenant in at least 5 NYC office buildings
From left: Rudin Management CEO Bill Rudin, SL Green CEO Marc Holliday, WeWork CEO Adam Neumann, and Zar Properties’ Dario Zar (Credit: Getty Images, SL Green, and iStock) Office landlords in New York City — known to play it safe and fill their buildings with multiple tenants to mitigate risk — are breaking the rules […]
WeWork aiming for September IPO, earlier than expected
WeWork CEO Adam Neumann (Credit: Getty Images and iStock) The We Company, the SoftBank-backed flexible-office provider last valued at $47 billion, is planning to go public as soon as September. The WeWork and WeLive parent company could announce a date as early as next month, as it moves to secure a sizable debt facility that […]
“It’s really bad optics”: What Adam Neumman’s $700M cashout says about The We Company’s future
WeWork CEO Adam Neumann (Credit: Getty Images) UPDATED July 19, 9:00 pm: Startups are valued by their potential to grow, and trust in the business model. In the We Company’s case, its $47 billion valuation is set to be tested by the confidence of public markets ahead of an upcoming IPO. But the flexible office […]
Adam Neumann has cashed out more than $700M prior to We Company IPO
The We Company’s Adam Neumann (Credit: Getty Images) Adam Neumann has cashed out more than $700 million from the We Company in advance of the company’s initial public offering. It’s not often that private companies publicize such deals ahead of going public, according to the Wall Street Journal, and Neumann’s is one of the largest […]