3 ms·
Less than two years ago, Adam Neumann was taking credit for the WeWork turnaround and SPAC merger.[1] Will he also claim credit now? It's not as though the prob
by __derek__ 3y ago
Less than two years ago, Adam Neumann was taking credit for the WeWork turnaround and SPAC merger.[1] Will he also claim credit now? It's not as though the problems are novel:
> As a result of our losses and our projected cash needs, which have been impacted by the recent increases in member churn, combined with our current liquidity level, substantial doubt exists about the Company’s ability to continue as a going concern over the next 12 months.
The same could have been written in the IPO filing.
[1]: https://www.youtube.com/watch?v=Dgp-CM-gQik https://www.youtube.com/watch?v=Dgp-CM-gQik