Tag

Coworking

All articles tagged with #coworking

business2 years ago

WeWork's Rise and Fall: A Cautionary Tragedy

WeWork, the once-promising coworking startup, has officially filed for bankruptcy after years of unraveling. Co-founder Adam Neumann's excessive behavior, including smoking marijuana on private jets and leaving planes covered in vomit, has been revealed. The company also embarked on ambitious side projects such as a primary school and co-living spaces. WeWork's downfall began with its failed attempt to go public in 2019, which exposed significant losses and conflicts of interest. The Covid-19 pandemic further exacerbated the company's struggles as remote work became the norm. Neumann, who was ousted in 2019, expressed hope for WeWork's future despite the bankruptcy.

business2 years ago

Adam Neumann's Flow: Compete or Partner with WeWork

Adam Neumann, the controversial founder of WeWork, has announced his new venture called Flow, a residential consumer-facing real estate company that aims to capitalize on the work-from-home trend. Neumann stated that Flow will either compete with or partner with WeWork, as he believes the integration of work and living requires new solutions. Flow recently raised $350 million from venture capital firm Andreessen Horowitz. Neumann, who was ousted from WeWork in 2019, acknowledged the lessons learned from his previous experience and emphasized the importance of surrounding oneself with honest feedback. The details of Flow's business model and its potential partnership or competition with WeWork are yet to be revealed.