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Will WeWork Work?
The company is preparing to go public via a $9 billion blank-check merger in late October.
23 Oct 2021, 08:19 PM IST
(Bloomberg Businessweek) -- When WeWork Cos. tried to go public two years ago, it was an unmitigated disaster. The company was burning cash at a rate as high as $2 billion a year, and its erratic and egomaniacal chief executive officer, Adam Neumann, had enriched himself by selling off stock while persuading private investors to value WeWork at an inflated $47 billion. Public investors balked at the price, the startup was forced to ...
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