The Rise and Fall of WeWork: From Success to Bankruptcy
WeWork, once seen as the next Facebook, has filed for Chapter 11 bankruptcy, highlighting the dangers of easy money and speculative investment. Founded in 2010, WeWork aimed to lease office space long-term, adding millennial amenities and subleasing the shared space to startups at higher rates. However, the company's downfall serves as a cautionary tale in the volatile world of co-working spaces and the sharing economy.