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BIZARRE: Adam neumann - You Need To See This

WeWork’s latest comeback bet fits inside a phone booth

Also: All the news and watercooler chat from Fortune.

Fortune

This wunderkind's first startup went bankrupt, leaving $200 million in customer assets frozen. Yet VCs are still throwing money at him

"There's no shame in failing, unless it's catastrophic," says Synapse founder Sankaet Pathak.

Fortune

Beware the Charisma Trap: How Magnetic Leaders Mislead Investors

Explore how leader charisma can mislead investors, with historical examples and investment tips.

Barchart

From analysis to the latest developments in health,
read the most diverse news in one place.

WeWork has emerged from bankruptcy. What's next for the co-working office space provider?

WeWork has officially emerged from bankruptcy — and appointed new leadership in the process

The Independent UK

WeWork eliminates $4bn in debt after judge approves bankruptcy plan

Days after co-founder dropped buying bid, the company claims it is set for ‘sustainable, profitable growth’ and to re-emerge next month

The Guardian - US

Deflated 'unicorn' CEO Adam Neumann retreats after judge kills his attempt to buy back WeWork, which he drove into the ground five years ago

A bankruptcy judge rejected Neumann’s bid to purchase the beleaguered co-working company.

Fortune

Adam Neumann drops bid to acquire bankrupt WeWork

Former CEO of shared office space provider was ousted from company in 2019 following botched attempt to take it public

The Guardian - US

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Adam Neumann Seeks To Buy Back Wework Amid Bankruptcy Exit

Adam Neumann seeks to repurchase WeWork as it aims to recover from bankruptcy, facing financial challenges exacerbated by the COVID-19 pandemic.

Top News

WeWork co-founder Adam Neumann bids to buy it back for more than $500m

Former CEO of shared office space rental company has reportedly been in talks with investors

The Guardian - UK

Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs –as it happened

Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down

The Guardian - UK

Ousted WeWork Co-founder Bids To Buy Company: Reports

Ousted WeWork co-founder Adam Neumann recently bid more than $500 million to buy back the struggling office-sharing group, according to media reports Monday.

International Business Times

WeWork poised to shut more London sites as cost-cutting continues

The number of workspaces advertised on the firm’s site has dropped from 50 to 30

Evening Standard

Adam Neumann Makes Bold Bid to Salvage WeWork's Future

The former CEO of WeWork is leading a bid to acquire the company out of bankruptcy, with backing from investors like Third Point.

International Business Times

Adam Neumann seeks to buy WeWork back five years after his ousting as CEO

Co-founder pushed out in 2019 has been trying to meet co-working company for months to negotiate deal, lawyers say

The Guardian - US

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The Conversation

WeWork approached physical space as if it were virtual, which led to the company's downfall

On Nov. 6, the co-working firm WeWork filed for bankruptcy. WeWork, founded by Adam Neumann and Miguel McKelvey in 2010, had a simple business model: it signed long-term leases on urban buildings, fitting them out with modern work facilities. Then, it rented out desks, offices and meeting rooms to companies…

The Guardian - US

SoftBank paid WeWork lenders almost $1.5bn before bankruptcy filing

Court papers reveal Japanese conglomerate transferred money less than a week before office rental group filed for bankruptcy

Fortune

A former Blackstone exec wants to salvage WeWork from bankruptcy

The company has renegotiated more than 500 of its leases, and is working on doing so with another 400.

Fortune

Adam Neumann fires subtle shots at his WeWork successors

Adam Neumann, the billionaire founder of WeWork, said the company "has failed to take advantage of a product that is more relevant today than ever before" since he left.

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news in one place.

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Fortune

WeWork’s $18 billion bankruptcy is the last thing the reeling commercial real-estate sector needed

Offices now face “a potential new wave of unexpected vacancies,” Moody’s wrote. WeWork’s first move was to dump 70 leases—35 of them in New York.

Evening Standard

Who is Adam Neumann? The story of the eccentric billionaire WeWork founder who quit before it went bankrupt

A penchant for private jets and talk of marijuana – amid a dream to become president of the world – made Neumann stand out

Chicago Sun-Times

WeWork seeks bankruptcy protection in stunning fall for a firm once valued at close to $50B

WeWork, which has locations in Chicago, is also requesting the “ability to reject the leases of certain locations” that the company says are largely non-operational, as part of the filing.

Reason

10,000 Dead

Plus: Trump's asset valuation expertise, surfer COVID rage, Adam Neumann's flop, and more…

The Independent UK

WeWork files for bankruptcy in the US

WeWork has more than 770 sites around the world, including nearly 50 in the UK and Ireland.

France 24

Co-working firm WeWork files for bankruptcy in US amid office real estate downturn

WeWork, the desk renting company co-founded by Adam Neumann, has filed for bankruptcy in order to deal with its $13 billion in outstanding lease obligations. The group, which was once valued at $47 billion, saw its meteoric rise thwarted in 2019 when its heavy losses were exposed and during the…

WEKU

WeWork files for bankruptcy in a stunning downfall from its $47 billion heyday

With its flexible office spaces, WeWork once was seen as a Silicon Valley darling led by an eccentric and charismatic founder. Financial troubled intervened, followed by the pandemic.

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