Ellen Huet
Stories by Ellen Huet
Some WeWork employees planned their lives around a stock deal that just collapsed
SoftBank’s decision to pull out underlines the precarious nature of owning shares in a startup.
WeWork said to rethink sale of Managed by Q back to its co-founder
WeWork has been selling off several acquisitions in the past few months, sometimes at steep discounts.
WeWork CEO Mathrani’s turnaround mettle to be severely tested in new role
Under Mathrani, WeWork will refocus on office rentals and walk away from passion projects started by co-founder Adam Neumann.
SoftBank-backed WeWork doubles quarterly loss to $1.3b
Revenue in the quarter was $934 million, up from $482 million a year earlier.
WeWork to prioritise profit over growth, staff downsizing on cards
WeWork is reeling from a botched IPO that led to the departure of its CEO and left the business financially strapped.
WeWork formally withdraws IPO after botched fundraising effort
WeWork had a deadline for completing a successful stock listing by year-end to secure a $6-billion loan.
WeWork’s Adam Neumann steps down from CEO role as IPO plan hits wall
The move is designed to salvage an IPO, which had been met with scorn from public investors.
Key backer SoftBank pushes WeWork to postpone its IPO amid serious concerns
SoftBank is pressing WeWork to postpone the stock offering after investors expressed serious concerns about the business and its corporate governance.
WeWork gave founder Adam Neumann loans as it paid him rent
From time to time over the past several years, Neumann borrowed company money several times.
SoftBank-backed food delivery startup DoorDash eyes $400m credit line ahead of IPO
Securing a credit line from Wall Street often precedes an IPO.
