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  "title": "Is We Work a Fraud? - Henry Hawksberry - Medium",
  "note": "25 points highlighting the mess at We Work. \n\n> WeWork will never ever, in its short history, generate a profit, let alone the tens of billions in revenues necessary to generate anywhere near the $3 billion in earnings required to (even then generously) value the company at £47 billion.\n\n[Adam Neumann is no longer CEO](https://www.bloomberg.com/news/articles/2019-09-24/wework-ex-ceo-to-staff-too-much-focus-has-been-placed-on-me). I wonder if the damage can be repaired. They lost 2/3rds of their value in the run to the IPO. 💰⤵️🕳",
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