Is We Work a Fraud? - Henry Hawksberry - Medium
medium.com/@henry.hawksberry/is-we-work-a-fraud-5b78987d3e61
What Jamie wrote
25 points highlighting the mess at We Work.
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.
Adam Neumann is no longer CEO. 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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