11 votes

The sun sets on We - The story of WeWork's IPO postponement and CEO ouster

3 comments

  1. [2]
    Deimos
    Link
    I've posted a lot of WeWork articles, but this is another really good one, and has a lot of information that I haven't seen anywhere else before.

    I've posted a lot of WeWork articles, but this is another really good one, and has a lot of information that I haven't seen anywhere else before.

    5 votes
    1. hoytschermerhorn
      Link Parent
      WeWork has been one of the most fascinating & entertaining corporate scandals in a long time. The next most recent is of course Theranos, which will always remind me of this HackerNews comment —...

      WeWork has been one of the most fascinating & entertaining corporate scandals in a long time. The next most recent is of course Theranos, which will always remind me of this HackerNews comment — one of the best internet comments I have ever read.

      3 votes
  2. NoblePath
    Link
    Wow. I also read the other linked article/interview with Scott Galloway. That's some tough medicine. It's so much to unpack here, too. That Neumann was a shyster seems plain from here, but it's...

    Wow. I also read the other linked article/interview with Scott Galloway. That's some tough medicine.

    It's so much to unpack here, too. That Neumann was a shyster seems plain from here, but it's hard to know truthfully, and to know how much he was encouraged to play that role. That he gets away with so much loot is hard to swallow.

    My other question is what responsibility equity employees hold for this outcome. Part of the question centers on how much information did they have about what was going in high level meetings and memos. Do they deserve what they get? Could or should they have known what they were getting into?

    Most importantly is how can this information be useful to regular schmucks reading tildes and New York Magazine? What decisions should we make about where to put our efforts regarding our own incomes/activisms?

    It's fascinating if nothing else.

    4 votes