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There was also an interesting row from a senior (VP level) at WeWork that would lead you to believe that they aren't in a good state ("f'ed"). That is a good s
by gvb 7y ago
There was also an interesting row from a senior (VP level) at WeWork that would lead you to believe that they aren't in a good state ("f'ed").
That is a good summary of WeWork: "SoftBank, which is run by the Japanese billionaire Masayoshi Son, announced on Thursday it was terminating a $3bn share tender rescue deal hammered out last October to save WeWork from collapse."
Combine that with a lot of long term and expensive real estate leases with nobody working in the buildings... f'ed.
Source: https://www.theguardian.com/business/2020/apr/02/wework-founder-adam-neumann-threatens-to-sue-after-softbank-scraps-rescue-deal https://www.theguardian.com/business/2020/apr/02/wework-foun...