Monday, December 02, 2019

STARTUPS - WeWork’s Rise and Fall

"WeWork’s spectacular rise and fall provide cautionary tale for startups" PBS NewsHour 11/26/2019

Excerpt

SUMMARY:  The startup WeWork set out to revolutionize the workplace -- leasing, renovating and subletting offices as shared coworking spaces.  At the beginning of 2019, it was the single biggest private office tenant in London, New York, and Washington.  But the company’s valuation has plunged $40 billion, and it’s now laying off 2400 employees.  John Yang talks to The New York Times' Peter Eavis.



No comments: