Hint: it’s in the billions.
In September it was announced that WeWork’s founder and CEO Adam Neumann would be leaving the company. Shortly after, the company pulled plans for its hotly anticipated IPO. The cancelation came after concerns rapidly grew in August and September about the company’s financials and sustainability. During that timeframe, the company’s valuation plummeted from an estimated $47 billion to around $10 billion.Read Full Story
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