How WeWork Went Wild

American Greed Podcast

CNBC

True Crime, Documentary, Tv & Film, Society & Culture

4.6 • 1.9K Ratings

🗓️ 25 January 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inside the rise and near-collapse of WeWork, the startup co-founded by its former CEO, Adam Neumann, who mesmerizes venture capitalists with grandiose promises, even though WeWork turns out to be a traditional real estate leasing business. (Original television broadcast: 01-19-22) Check out the new season of American Greed at: https://www.cnbc.com/american-greed/

Transcript

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0:00.0	This is the American Greet Podcast presented by CNBC. I'm Stacey Keech.
0:07.0	In this episode of American Greet, how we work with Wilde,
0:13.0	the story of an office space company with cosmic ambitions.
0:17.0	We work as using desks and co-working to enter into the larger category of life.
0:22.0	A CEO with a messionic vibe.
0:25.0	He can manifest anything.
0:27.0	He can literally make things appear out of finair.
0:30.0	And the investors who gave him $12 billion and turned a blind eye.
0:36.0	She was like the cocaine that Silicon Valley venture capitalists were just waiting to snort.
0:43.0	American Greet has the inside scoop on how the company nearly collapsed.
0:51.0	The partying.
0:53.0	There's like jumping there like pumping fists.
0:55.0	And I'm like, yeah, he's like the CEO and the second in command of my job.
1:00.0	The promises.
1:02.0	You have Willy Wonka's golden ticket.
1:04.0	You're at the next Facebook or the next Google.
1:07.0	The dashed hopes.
1:09.0	You expect them to be a gazillionaire, right?
1:12.0	And now you're basically, you got nothing.
1:15.0	And how some of the responsible parties walk away richer than ever.
1:21.0	Adam Newman is getting a massive payout.
1:24.0	$1.7 billion while his workers are getting late.
	...

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