The Latest Breaking News from Adam Neumann

Adam Neumann says seeing company struggle has been ‘challenging’ as trading of shares was suspended

As with Elizabeth Holmes and Billy McFarland, the story seemed too good to be true – because it was, says Guardian columnist Emma Brockes

After years of losses, and leadership struggles, the company warns that its days could be numbered.

NEW YORK: For the past four years, WeWork Inc has been trying to deliver a turnaround story — one in which the rowdy co-working startup transforms into a stable, profitable public company. It sloughed off Adam Neumann, its rambunctious co-founder and former chief executive officer, and replaced him with an…

"Flexible workspaces have a future in the office ecosystem, but WeWork, in its current state, may not," BTIG analysts wrote Wednesday.

The company leases buildings and divides them into office spaces to sublet to its members, which include small businesses, startups and freelancers who want to avoid paying for permanent office space.

Coworking office space provider WeWork is burning through more cash than it can afford - and the clock is ticking.

Buckle up for a dizzying spectacle of speed, risk, and folly.

Flow, which will focus on making residences into workspaces, already raised $350 million from billionaire Andreessen's a16z. Neumann said the company will either compete with WeWork or partner with it.