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The Latest Breaking News from WeWork

WeWork is on a downward spiral that could lead to bankruptcy

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

Fortune

Stock Market Today: Stocks Drop Ahead of CPI, WeWork Tanks on Bankruptcy Concerns

The major indexes closed lower for a second straight day amid a batch of disappointing earnings reports.

Kiplinger

From $47 billion to $270 million—WeWork, the Adam Neumann brainchild, keeps crashing after a 'going concern' warning

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

Fortune

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WeWork warns there’s ‘substantial doubt’ about its ability to stay in business

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.

Chicago Sun-Times

WeWork reveals "substantial doubt" about its future

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

TechRadar

Bank shares rally as Italy waters down windfall tax; UK heads towards five years of lost economic growth – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

How WeWork Redefines How It Works with Mersive Technologies

WeWork deploys Mersive Technologies Solstice Collaboration Platform to simplify the deployment of 15,000 Solstice Pods.

AVNetwork

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Euan Blair’s Multiverse signs for larger London headquarters in Paddington

Multiverse, which matches apprentices with employers, has taken space at a WeWork building in Paddington

Evening Standard

A founder, a VC and a tech reporter got in a bobsled

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

Fortune

Founder Adam Neumann explains why Marc Andreessen invested $350 million in Flow, his new company that sounds a lot like WeWork

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.

Fortune

Watch out WeWork: Adam Neumann is back

The controversial founder said his new startup Flow would either partner or compete with WeWork.

Fortune

Adam Neumann shares 2 key lessons he learned from WeWork's crash

"Surround yourself not only with the best people and the smartest people, but also the ones that are going to tell you what they think," said Neumann, who is now the founder of Flow.

Fortune

Adam Neumann says his new company Flow will either 'compete or partner' with WeWork

Adam Neumann's new venture, Flow, still hasn't launched.

Fortune

'The Feckless 400': These companies are still doing business in Russia–and funding Putin’s war

'While there is very little transparency, our best estimate is that the Feckless 400 represent at least $200 million in Russian revenues.'

Fortune

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The Street

Softbank's Vision Fund Dials Back Investments

SoftBank's recent investments have led to the company losing millions of dollars, including FTX and WeWork.

Fortune

‘I am chatting with ChatGPT every day’: SoftBank’s billionaire boss says he’s a ‘heavy user’ of OpenAI's chatbot

Softbank's Vision Funds, the group's flagship venture funds, lost $32 billion last year.

Zenger

WeWork’s CEO Steps Down As The Company Struggles To Find Its Footing Seeking Profit

The coworking space company is still dealing with the aftermath of the post-Adam Neumann era as cashflow is yet to come.

The Guardian - US

The apocalypse isn’t coming. We must resist cynicism and fear about AI

Remember when WeWork would kill commercial real estate? Crypto would abolish banks? The metaverse would end meeting people in real life?

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WEKU

'Succession' season 4, episode 6: 'Living+'

The Waystar Royco team travels to L.A., where Kendall pitches eternal life (kind of), Shiv reconnects with the most unlikely of men, and Roman can't stop firing women.

Evening Standard

Meat bans and milk obsessions: are real-life CEOs as weird as Succession’s Lukas Matsson?

Succession’s Lukas Matsson isn’t the first kooky CEO, nor will he be the last

Fortune

How Yishan Wong rose to become Reddit CEO

Yishan Wong talks Fortune through his résumé including the advice former boss Mark Zuckerberg gave him at Facebook, and nearly founding WeWork before WeWork.

The Guardian - US

WeWork mugs for $500: 10 of the strangest merch items from companies that crashed

FTX fortune cookies and Theranos gift cards offer souvenirs from recent business disasters

Creative Bloq

These I love NY logo memes are the best yet

But not everyone's getting the sarcasm.

The Independent UK

Porn is ‘never going to go away’: Money Shot: The Pornhub Story looks at the naked truth behind sex work

A new documentary to be released on Netflix on 15 March, takes a thorough look at Pornhub and the backlash against it, featuring performers and sex workers who share legal, consensual content on the platform. Clémence Michallon reports

The Street

Elon Musk Suggests WeWork Founder's New Company Is Nonsense

Tesla’s CEO doesn't hide what he thinks of Flow, Adam Neumann's new company. It could be summed up in one word: bull.

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