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Report: T-Mobile's John Legere Could Be Next WeWork CEO
Monday, November 11, 2019 - 2:59pm | 367WeWork is in discussions with T-Mobile Us Inc (NASDAQ: TMUS) CEO John Legere to take over leadership of the office-sharing company, according to a Monday Wall Street Journal report. After WeWork’s failed attempt at an initial public offering earlier this year, ...
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Former WeWork CEO Accused Of Gender, Pregnancy Discrimination
Friday, November 1, 2019 - 12:32am | 391Adam Neumann may have stepped down from WeWork’s board, but his past actions continue to haunt the co-working space company recently taken over by SoftBank. What Happened Medina Bardhi, former Chief of Staff at WeWork, filed a complaint with the Equal Employment Opportunity Commission in...
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SoftBank Acquires 80% Ownership Of WeWork In Rescue Deal
Wednesday, October 23, 2019 - 1:38am | 366Tokyo-based investment giant SoftBank (OTC: SFTBY) received approval from the board of co-working startup WeWork to take for a multibillion-dollar takeover deal, The Wall Street Journal reported Tuesday. WeWork would be valued at about $8 billion with the deal. What Happened The terms of the deal...
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Adam Neumann Steps Down As WeWork CEO, Will Remain Chairman
Tuesday, September 24, 2019 - 2:13pm | 354WeWork co-founder Adam Neumann is reportedly stepping down as CEO and will transition to the role of nonexecutive chairman. What Happened Neumann faced pressure to step down as CEO from board members and investors over the past few days and will be replaced with two executives, The New York...
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WeWork Founder Sounds Bonkers, But He Sure Does Love Marijuana
Thursday, September 19, 2019 - 7:33pm | 470By The Fresh Toast's Brendan Bures, provided exclusively to Benzinga Cannabis. Adam Neumann, CEO of the co-working giant WeWork, loves combining cannabis and flying, in ways that can get him in trouble. Anyone involved in the worlds of start-up businesses, freelance working, or tech development...
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Analyst On WeWork: High Growth Equals High Cash Burn
Tuesday, September 17, 2019 - 1:26pm | 374WeWork is postponing its initial public offering, partly due to valuation concerns. The botched IPO may have been a positive move as it would have been "hard to imagine" the stock performing well, according to D.A. Davidson. The Analyst D.A. Davidson real estate analyst Barry Oxford...
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Management Pro: Too Much Is Wrong With WeWork
Wednesday, September 11, 2019 - 11:15am | 722WeWork's initial public offering is off to a rough start before it's even started, and for good reason, management expert Jeff Sonnenfeld told CNBC in a Tuesday interview. What Happened WeWork was valued as high as $47 billion during rounds of private financing, but a potential...