Inside WeWork's IPO Disaster
Foundering
Bloomberg
4.7 • 1.1K Ratings
🗓️ 25 September 2019
⏱️ 25 minutes
🧾️ Download transcript
Summary
Over the last few weeks, WeWork's parent company has lurched from one crisis to the next as it scrambled to keep its IPO alive—resulting in founder Adam Neumann leaving his job as CEO. This week on Decrypted, Bloomberg Technology's Ellen Huet traces We Co.'s meteoric rise to a $47 billion giant and dissects the chaos of the last few weeks.
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| 0:00.0 | On December 4th and 5th, against the backdrop of the United Nations Climate Change Conference, |
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| 0:25.1 | battle against climate change. Register at Bloomberg Live.com slash B Green Radio. |
| 0:30.0 | This year, with much fanfare some of the biggest startups in history have gone public |
| 0:38.4 | companies like Uber, Lyft, Slack, it was the big moment they were waiting for. But over the last few months, |
| 0:45.8 | things haven't quite gone the way they hoped they would. |
| 0:50.1 | Slack shares are sinking in the after hours down more than |
| 0:53.2 | Uber those shares are falling this morning again after that rocky |
| 0:56.9 | now another unicorn is preparing to go public and if the last few weeks are any |
| 1:01.9 | indication it's totally in indication, it could end up being the rockiest IPO of all of them. |
| 1:11.6 | Today on the show, you'll be hearing from our startups reporter Ellen Hewitt. |
| 1:16.2 | We'll trace We'll Trace We'll Trace We Works' meteoric rise to a 47 billion dollar company |
| 1:20.9 | and the chaos of the last few weeks as it scramble to keep its IPO alive. |
| 1:25.8 | With its controversial CEO now stepping down, can we work still pull it off? |
| 1:31.3 | I'm Akey Ito. You're listening to Decrypton. Stay with us. |
| 1:37.0 | So Ellen, I want to start today's episode at the very beginning. |
| 1:45.0 | Tell us about We Works founder Adam Newman. |
| 1:48.0 | Adam Newman is 40 years old and he was born in Israel and grew up in various parts of the country including |
| 1:58.0 | for a period of time on a kibbutz which he likes to reference a lot because the company that he ended up founding, we work is all about community, |
... |
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