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WeWorkAt its core, WeWork is a global company that offers membership-based access to private offices and coworking spaces for companies and individuals. But WeWork is also known for its dramatic financial rise and fall, as well as its cultlike company culture, both of which were chronicled in a popular 2022 Apple TV+ show called “WeCrashed,” starring Jared Leto as WeWork cofounder and former CEO Adam Neumann. At its peak in 2019, WeWork was valued at roughly $47B, making it one of the world’s most valuable private companies. But by the time it filed for bankruptcy in 2023, it was worth about only $45M. While WeWork’s supporters argue that the company revolutionized where and how office workers—from freelancers to those at large companies—do business today, critics point to its bankruptcy, failed 2019 IPO, and controversial founder.Explore WeWork

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See the small apartment WeWork founder Adam Neumann lived in before he was a billionaireWeWork CEO Adam Neumann used to share a relatively small apartment in New York City with his wife before he became a billionaire off of WeWork. At one point, the apartment rented for $3K per month. Business Insider WeWork, once a unicorn, declared bankruptcy in 2023This podcast episode chronicles the complete rise and fall of WeWork—from its founding in 2010 to its eventual 2023 bankruptcy. The Journal WeWork’s competitors in the coworking space include Industrious and The MalinWeWork’s story is colored by the times it just couldn’t make its numbers work. Its competitors in the coworking industry, such as Industrious and Convene, seem to be prioritizing slow and stable financial growth instead. Inc Adam Neumann started another real estate company after WeWorkFormer WeWork CEO Adam Neumann has attempted to purchase WeWork before, although, thus far, he hasn’t been successful. Since leaving the company, he has founded a residential real estate firm, among other projects. South China Morning Post SoftBank’s founder and CEO had a volatile relationship with WeWork’s Adam NeumannSoftBank CEO Masayoshi Son, as WeWork’s largest financier, had been Neumann’s biggest champion for years—until he volleyed for Neumann to be removed from his position as WeWork’s CEO. CNBC SoftBank lost billions of dollars on WeWork. Meanwhile, WeWork’s founder walked away a billionaireIn the years leading up to WeWork’s bankruptcy, the tech holding company SoftBank invested roughly $16B into the company. Yahoo Finance SoftBank acquired a majority stake in WeWork in October 2019SoftBank is widely considered the biggest victim in the WeWork story, losing billions of dollars that it invested in the company while WeWork’s CEO walked away a billionaire himself. CNBC WeWork held controversial ‘summer camp’ retreats for employeesStep inside one of WeWork’s “summer camp” retreats full of drugs, alcohol, and exorbitant company spending. Business Insider WeWork’s S-1 was full of alarming financial and business information that concerned investors and the publicWhen WeWork’s S-1 came out, investors were particularly concerned about WeWork’s expenses far outpacing its growing revenue and its complex company structure, as well as a few potential conflicts of interest within the company. CNBC WeWork filed its first S-1 in 2019When WeWork prepared to file for its initial public offering in 2019, its S-1 revealed its poor financial state to the public. SEC WeWork marketed itself on communityIn a new era of work where many millennials wanted to work for themselves in offices with exposed brick, cold brew on tap, and casual dress codes, WeWork realized these entrepreneurs and startup workers didn’t want to do it alone. WIRED ‘I realized after I got there it was a cult,’ one former WeWork executive saidWeWork isn’t only known for how it revolutionized modern work, or its spectacular financial rise and fall. It’s also known for its former cultlike company culture under former CEO Adam Neumann, complete with a charismatic leader and “summer camp” company retreats that blurred the lines between work and personal life. Vanity Fair WeWork makes money via flexible lease optionsWeWork makes money by entering long-term leases with office buildings, then providing flexible lease options to its members on a short-term basis. Members get a refreshed, modern space to work in (with consistent coffee on tap, of course), and WeWork gets their consistent membership dues. Investopedia Why did WeWork fail and why it's still aroundOnce valued at $47B, WeWork promised to revolutionize office space—but rapid expansion, financial red flags, and a pandemic-driven shift in work culture led to its 2023 bankruptcy. This overview looks at its rise and fall, and what’s next for the coworking giant. 1440 The full story of WeWork, one of the most dramatic startup journeys of all timeWeWork has been through a lot since the office space company was founded as a startup in 2010. From its failed IPO in 2019, to the various leadership antics of its founder, Adam Neumann (some have claimed that he acted like a cult leader at times), this video tells the full story of WeWork’s growth, failures, and more. The Wall Street Journal After Warner Bros signed him at 18, Prince wrote a song to thank themThe label scooped the young artist in 1977, eager to ink a deal with the promising young savant. In response, Prince wrote a song called "I Hope We Can Work It Out," which suggested together they'd make "Music for the young and old, music bound to be gold." An official recording of the song was never released, but the Minnesota Historical Society acquired the original handwritten lyrics in 2017. You can see them below. The Teenage Mutant Ninja Turtles initially loved beer, not pizzaThe original Teenage Mutant Ninja Turtles self-published comic book was a parody of other, more popular comic book heroes, and was primarily aimed at adults. In those early issues, the Turtles drank beer. It wasn't until 1987, when the franchise was reworked as a children's cartoon, that they were given the more kid-friendly obsession with pizza. CBR Jazz improvisations are often based on well-known standardsSimilar to blues, folk, and country music, jazz relies on a shared tradition of common songs that its artists learn, cover, and rework in their own unique ways. Jazz musicians are often able to easily improvise with other musicians because they share a knowledge of the songs and their languages. Jazz Standards Hughes' 'Black Nativity' reworked the Christmas story through jazz improvisationAlthough he’s primarily known as a poet, Langston Hughes was also a popular playwright. One of his most inventive works is the 1961 stage show “Black Nativity,” which told the story of Christ’s birth with an all-Black cast. Hughes’ original script encourages improvisation, calling on his love of jazz, and includes 27 songs. The Conversation Dolly Parton and Kenny Rogers' 'Islands in the Stream' was written by the Bee GeesThe Gibbs originally penned the song for themselves, but the brothers didn’t think it was the right fit, so they reworked it as an R&B number with Diana Ross or Marvin Gaye in mind; however, nothing came of those ideas. It was then pitched to country star Kenny Rogers, who wasn’t sure he was the right fit, though Barry Gibb convinced him it would work as a duet with Parton, who was recording in a nearby studio. Backstage Country The original ending to 'Rudolph the Red-Nosed Reindeer' was changed after viewers voiced their disappointmentThe movie's TV premiere on December, 6, 1964, ended with Santa choosing Rudolph to help him deliver presents across the world. However, young viewers were disappointed that Rudolph never fulfilled his promise to rescue his friends from the Island of Misfit Toys, which he'd promised to do earlier in the film. The producers reworked the ending, correcting the plothole, before the movie was broadcast again in 1965. Snopes 'A Christmas Carol' was originally going to be a political pamphlet Dickens planned to write a treatise on the day’s social issues and had a particularly dry working title: “An Appeal to the People of England on behalf of the Poor Man’s Child.” After a week, though, he decided to rework the ideas into a fictional story, working at a quick pace so it could be released in time for Christmas. It worked: The story was published on December 19, 1843. TIME The simple melody in 'Auld Lang Syne' has led to the song’s repurposingIn addition to becoming a standard tune to ring in the new year, the song has been reworked as a Dutch soccer anthem, a Japanese standard, and the South Korean national anthem. A significant part of its widespread use is that it has no copyright limitations. It helps, too, that it's simple melody is easy for even the most amateur singers to tackle. Vox Bob Dylan often reworks his vocal melodies, even for his classic songsBob Dylan is an unpredictable live artist willing to reinvent his classics as they age. This analysis by Steven Rings, a music professor, breaks down the evolution of the singing style in "A Hard Rain’s A‐Gonna Fall," which transformed in one 1994 performance and then continued growing. Flagging Down the Double E's Playwright George Bernard Shaw believed Shakespeare was overratedShaw was one of the titans of 20th-century British drama—responsible for "Pygmalion," "Arms and the Man," and more—and a persistent critic of the Bard, whom he believed had been unnecessarily praised to the point of "Bardolatry." Over time, his opinion softened; at one point, Shaw even reworked Shakespeare's "Cymbeline." Folger As of 2022, the US accounted for nearly one-fifth of global oil productionBy 2022, the US had cemented its position as the world’s top oil producer with close to 18 million barrels per day. This eclipsed Saudi Arabia and Russia. Visual Capitalist In the beginning, there was Adam (Neumann)This podcast episode, which includes a telling interview with one of WeWork’s first employees, tells the origin story of WeWork—from Neumann’s drinking and disheveled clothing, to WeWork’s first “summer camp” company party weekends in New York. WeCrashed The Wing was a coworking space and private members club before it closed downThe Wing was supposed to be more than a woman’s answer to the popular WeWork coworking spaces. Founder Audrey Gelman envisioned The Wing as a private members club where women could feel empowered and dignified—if they had a few thousand dollars a year for a membership, of course. However, after racism scandals and widespread employee criticism, The Wing ceased operations in 2022. The Independent Why Percival Everett decided to reimagine 'Adventures of Huckleberry Finn'Percival Everett's novel "James"—a retelling of Mark Twain's "Adventures of Huckleberry Finn" by Jim, an escaped slave—was one of the most acclaimed books of 2024. In this interview, Everett explains why he decided to rework the classic American novel and why he felt it was necessary to infuse his own with a different voice. Amanpour and Company 'Blowin' in the Wind' became a rallying cry for the Civil Rights MovementThe song is based on a spiritual titled "Many Thousand Gone," whose melody Dylan reworked. The result was popularized by the folk trio Peter, Paul, and Mary and from there became an anthem for the growing Civil Rights Movement, culminating in Dylan's appearance at the March on Washington. Bob Dylan Center

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