Wework

WeWork is a global provider of flexible workspaces for entrepreneurs, freelancers, and enterprises. Founded in 2010, the company has over 800 locations in more than 100 cities across the world. Sandeep Mathrani serves as its CEO. The company has several divisions, including WeLive, which offers co-living spaces, and WeGrow, an education venture. Competitors include Regus and Knotel. WeWork has faced controversy in recent years, including a failed IPO in 2019 and concerns over its corporate governance and financial sustainability.

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As Doubts About WeWork’s Future Rise, Landlords Look for Backup Tenants

By Alex Perry · Aug 17, 2023 10:44am PDT · 5 comments

Landlords leasing spaces to WeWork have been increasingly approaching rival venture- and private equity–backed office rental startups, such as Codi, Industrious and Serendipity Labs, to gauge their interest in taking over WeWork spaces ahead of a possible WeWork bankruptcy, say industry executives. One challenge for landlords, however, is... Landlords leasing spaces to WeWork have been increasingly approaching rival venture- and private...

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WeWork Sinks Lower as Its Task Ahead Grows Taller

By Martin Peers · May 17, 2023 5:00pm PDT

There’s a saying that “old soldiers never die, they just fade away.” You could apply that to a bunch of money-losing companies in the (very broadly defined) tech sector that are still hanging around such as Lyft, Bird Global and BuzzFeed. But the best example would have to be WeWork, which has deflated like a blowup swimming pool with a puncture... There’s a saying that “old soldiers never die, they just fade away.” You could apply that to a...

Illustration by Mike Sullivan

Coinbase to Expand Into Derivatives; China Snuffs Out More Miners; Revolut Pays WeWork in Bitcoin

By Hannah Miller · Sep 16, 2021 2:59pm PDT

Coinbase is going even further to distinguish itself from other cryptocurrency exchanges in the U.S. The company said in a tweet late Wednesday that it plans to offer futures and derivatives trading. It filed an application that day with the National Futures Association to register as a futures commission merchant under the name Coinbase... Coinbase is going even further to distinguish itself from other cryptocurrency exchanges in the...

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Jamie Hodari. Photo via Industrious.

The Anti-WeWork Makes Good; Plaid Considers M&A Push

By Cory Weinberg · Jan 14, 2025 3:50pm PST

Visitors to Bryant Park in New York would have had a confusing sight on Tuesday afternoon: Hundreds of startup workers throwing graduation caps into the air and then ice skating in green gowns. That was the celebration cooked up by Industrious CEO Jamie Hodari to memorialize the sale of his co-working startup to $38 billion real estate... Visitors to Bryant Park in New York would have had a confusing sight on Tuesday afternoon:...

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SoftBank and the Real Tragedy of WeWork

By Cory Weinberg · Nov 9, 2023 5:00pm PST · 2 comments

It was an all-hands speech that would have fit with 2023’s cost-conscious corporate dogma: A tech founder urged his employees to check if the lights were turned off when they were leaving the offices, telling them, “The universe does not allow waste.” That was Adam Neumann talking to WeWork employees in 2016, a year before SoftBank began... It was an all-hands speech that would have fit with 2023’s cost-conscious corporate dogma: A tech...