WeWork Stock

www.wework.comReal EstateFounded: 2010Funding to Date: $8.77B

WeWork was founded in 2010 by Adam Neumann and Miguel McKelvey to design and operate shared workspaces for a broad array of customers including startups, freelancers, small businesses, and entrepreneurs. As of 2019, the company operates over 846 locations in 123 cities spread over 37 countries. Beyond simply the spaces, the WeWork’s focus is on creating a community between its members, hosting many events including happy hours, lunch and learns, external events, and even a “Summer Camp.” In addition to the workspaces, WeWork has grown to include additional offerings such as WeGrow, a school, and WeLive, which are flexible stay, fully furnished living spaces.

Enterprise Value (based on primary financings)

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WeWork investors also invested in these private companies

Team

Management Team

Miguel McKelvey
Co-Founder & Chief Culture Officer
Arthur Minson Jr.
Co-CEO & President
Sebastian Gunningham
Co-CEO & Vice Chairman
Ed Granaghan
Chief Accounting Officer

Board Members

Bruce Dunlevie
Benchmark Capital
Mark Schwartz
SoftBank Group
Ronald Fisher
SoftBank Group
Adam Neumann
Frances Frei
Linghuan Zhao
Hony Capital
Steven Langman

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News

Less than two years after it was rescued from a collapse, the co-working company WeWork has found yet another backer willing to overlook its losses. Instead of a traditional I.P.O., WeWork is merging with BowX Acquisition, a company listed on the stock exchange for the sole purpose of buying a business, in a type of deal that has become hugely popular in recent months.
A new documentary relives the highs and lows of the infamous company and its shamanic leader detailing how it went from next big thing to big trouble
Director Jed Rothstein uses credible journalists and disgruntled ex-employees to detail the real estate phenomenon led by WeWork co-founder Adam Neumann.