WeWork - The $47 Billion Disaster

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  • Published on:  Wednesday, November 20, 2019
  • From $47 Billion, to the verge of bankruptcy in just a matter of weeks. The WeWork disaster is a real roller coaster and it would seem that their erratic CEO Adam Neumann is mostly to blame.

    SoftBank video: https://www.okclips.net/video/TKT7M3YnSlg/video.html

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    Script by Fil Zivko

    Sources:

    https://www.nydailynews.com/life-style/real-estate/wework-alternative-working-home-swanky-buildings-nyc-article-1.1044412?pgno=1#ixzz2e46Iipo5

    https://www.businessinsider.com.au/wework-ceo-adam-neumann-bio-life-career-2019-8?r=US&IR=T

    https://www.wework.com/locations

    https://www.businessinsider.com.au/weworks-adam-neumann-net-worth-30-million-startup-investment-ceo-loan-faraday-grid-2019-10

    https://medium.com/@offices.thebrew/the-evolution-of-the-office-how-coworking-was-born-9f5d11ea3eed

    https://techwireasia.com/2018/12/how-wework-uses-technology-to-delight-customers/

    https://qz.com/1687299/wework-ipo-reveals-that-40-percent-of-its-members-work-for-companies-with-500-plus-employees/

    https://www.wsj.com/articles/this-is-not-the-way-everybody-behaves-how-adam-neumanns-over-the-top-style-built-wework-11568823827?mod=rsswn

    https://www.bloomberg.com/news/articles/2019-09-26/wework-s-dash-for-cash-clock-is-running-down-to-raise-billions

    https://www.forbes.com/sites/greatspeculations/2019/08/27/wework-is-the-most-ridiculous-ipo-of-2019/#7b966dd41ad6

    https://www.bloomberg.com/news/articles/2019-09-20/wework-wewait-weworry-what-s-next-for-embattled-adam-neumann

    https://www.businessinsider.com.au/wework-closes-wegrow-rebekah-neumanns-school-effort-2019-10?r=US&IR=T

    https://wegrow.com/

    https://craft.co/wework/funding-rounds

    https://www.nydailynews.com/life-style/real-estate/wework-alternative-working-home-swanky-buildings-nyc-article-1.1044412?pgno=1#ixzz2e46Iipo5

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  • Source: https://youtu.be/QHQTzeve7OM
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Comment

  • pacepowerskill

    pacepowerskill

     12 hours ago

    Love your videos. Please do a detailed video on the repo market. It is the start of the next recession - or should i say depression. Because we wont be able to borrow our way out of a recession like we did the last 2 times. They are creating a hyperbolic hyper bubble with all this cheap cash being pumped into the markets creating all time highs not relative to the company's fundamentals (just like wework).

    The scary numbers...
    Up to 120 billion pumped in a day for the last 3 months
    A total of half a TRILLION dollars of debt added
    By March Fed balance sheet will be higher than the last recession.
    US public debt highest ever at 23 trillion
    US deficit doubled under Trump and close to recession high

    All the international banks are buying more precious metals than any time in history.

    An apocalyptic crash is coming from this repo hyperdebt bubble!

    I am a city expert feel free to use me for the video i have all the evidence to back this up!!!

  • Ulysses the Limitless Spirit

    Ulysses the Limitless Spirit

     12 hours ago

    Yeah, these prostitutes are garbage. All the people in these workspaces do is have loud parties. This place is not where you get your work done quietly; it's for frat boys who can't bear the thought of moving on to being responsible, productive members of society and never want their self-destructive regular environment of alcohol poisoning and one-night-stands to end. Of course they would go bankrupt with a selfishly hedonistic culture like that.

  • Captain Smoke

    Captain Smoke

     yesterday

    So in the end the tax payers pay for this scam. And some say the system isn't broken.

  • Captain Smoke

    Captain Smoke

     yesterday +1

    So they didn't even had a product? I still don't understand what they do/did. lol Rich people/companies don't know what to do with all their money, that's why scams like this works.

  • harmonicres

    harmonicres

     2 days ago

    Wework taking YOUR money! Neumann looks like a complete sociopath scumbag!

  • jay23cr

    jay23cr

     2 days ago

    And where was Neumann from you ask? Yes Israel is the answer, just like we the American taxpayer are Israel's ATM as it's lobby blackmails our corrupt politicians in Washington.

  • Peter Panos

    Peter Panos

     2 days ago

    Greed at the cost of people/employees...

  • Simple

    Simple

     3 days ago

    these disaster videos are SO interesting!

  • Ben Siener

    Ben Siener

     3 days ago

    Going from someone looking for a little bit of starting capital to 4 billion dollars is a great way to ensure that they dont know shit about managing money.

  • Nick Barnett

    Nick Barnett

     3 days ago

    Sounds like a prick to me hope he loses everything!

  • bahamn15

    bahamn15

     4 days ago +1

    Why is SoftBank behaving like a wall street investment firm?

  • Sergio Cortez

    Sergio Cortez

     4 days ago

    WeWork: The Theranos of the Real Estate (YES, Real Estate) market.

  • JournalJourney Studios

    JournalJourney Studios

     4 days ago

    He reminds me of the creator of fire fest. That guy was an arrogant jackhole too. Something about money turns people stupid. But also how does a company that hasnt made any money yet, get on the front of forbes?

  • JournalJourney Studios

    JournalJourney Studios

     4 days ago

    Never even heard of we work before this

  • VITA kyo

    VITA kyo

     4 days ago

    THE MONEY PARTY : YEAH YEAH YEAAAAAAH . MORE MORE MORE MORE MORE . WHAT A HARD DAY AT WORK ....

  • TK421ps S

    TK421ps S

     5 days ago

    I still don't understand what WeWork actually did!?!

  • Job Creator

    Job Creator

     5 days ago +1

    >"Find me another example of a company that loses 50 cents out of every dollar on revenue"


    Uber: looks around nervously

  • cicero2

    cicero2

     5 days ago +1

    'Start up' companies are encouraged and invested in , by city spivs. They push up the share price, make a nice profit, then jump. Rinse and repeat.

  • Lemonz1989

    Lemonz1989

     5 days ago

    Probably a psychopath and/or narcissit.

  • Picnicl

    Picnicl

     5 days ago

    I'd call 'start-ups' 'baby companies'.