WeWork, once a-venture-capital darling, has filed for Chapter 11 bankruptcy. Co-founded in 2010 by Adam Neumann, the filing marks a reversal for the company that specialized in leasing shared workspaces and was once valued at $47 billion.
WSJ breaks down how the desk-rental company went from one of the world’s most valuable startups to a bankrupt penny stock.
0:00 WeWork files for bankruptcy
0:42 WeWork’s background
2:06 A failed IPO and Adam Neumann
3:41 Pandemic’s impact on WeWork
4:09 What’s next?
What Went Wrong explores the challenging conditions and decisions that led to a company’s downturn.
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