Top News Of the Day:
1. WeWork plans to sell 27% stake in Indian arm for Rs 1,200 Cr
2. Indian electric two-wheeler manufacturer, Ather Energy, is reportedly in the final stages of securing $75-$90 million in primary funding from its existing inves
Is this true that SoftBank aquired WeWork for โน32 Billion? As I can't find any such information about that online!
6 replies4 likes
Havish Gupta
Figuring Outย โขย 6m
Adam Neumann, have announced a new venture called WorkFlow which is basically WeWork's competition.
Basic difference between Workflow and Wework is that WeWork signed long-term leases with landlords, then relied on short-term leases for revenue. On
Ironically Wework didnโt work anywhere apart from India. India knows how to build while being profitable ๐ช๐ช
2 replies8 likes
Rohan A
On My Wayย โขย 17d
In 2018, the flight crew of the private plane Adam Neumann rented for a trip to Israel found a sizable chunk of drugs in cereal boxes.
After this event, WeWork acquired a Gulfstream G650 for $60 million.
I wonder why WeWork was still in losses ๐
Ashneer G(rover) is so back baby! Huge industry. People will pay whatever interest they quote in this segment. Another unicorn if he doesnโt f up. Even Adam Newman is launching his new startup Flow after the WeWork debacle. What a time to be alive ๐ฅ
After spending just 12 minutes in their office...
SoftBank's CEO wrote them a $4.4B check.
Less than 30 minutes later, he invested another $2B.
Here's the sales pitch WeWork's founder used to convince the world's smartest investors to ignore basic
