4.7 • 1.1K Ratings
🗓️ 25 June 2020
⏱️ 35 minutes
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0:00.0 | Business stories aren't just about business. They're also about policy, politics, finance, and more. |
0:06.5 | With Bloomberg, you stay informed on global coverage that connects the dots. |
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0:22.0 | Find it in the Apple App Store or on Google Play. |
0:24.7 | Bloomberg in-car apps are sponsored by interactive brokers. |
0:28.0 | Let me take you back to spring 2019. It was a simpler time in Silicon Valley |
0:35.4 | when the world's most valuable startups seemed poised to make it big. |
0:39.6 | Uber, Lyft, and Pinterest were all going public. |
0:43.4 | And next in line was We Work. |
0:46.6 | We Work was valued at $47 billion, and investment banks were saying that the price tag could |
0:51.5 | go even higher during the IPO. That meant that on |
0:54.8 | paper, We Works co-founder and CEO Adam Newman could be worth as much as 10 billion |
1:00.0 | dollars. His company was the most valuable startup in America. |
1:04.3 | Another tech unicorn has filed to go public this time it is we work now known as the |
1:09.7 | we company it has announced that it has confidentially submitted its paperwork to the SEC for an IPO. |
1:16.0 | We Work has revolutionized the leasing of office space. |
1:19.0 | Co-founder and CEO Adam Newman as well strategic partner who else but actor Ashton |
1:24.4 | Kucher. Ten billion dollars invest in this company it's the second largest |
1:28.6 | venture capital investment of all time. These may have been some of the best times of Adam's adult life. |
1:37.0 | He was getting photographed for magazine covers, grinning at the camera, posing on |
1:41.7 | office furniture, and bounding up flights of stairs. |
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