WeWork’s unicorn debacle

WeWork IPO officially canceled because of crazy high valuation & debt. I was quite surprised to read Form S-1 filed with United States Securities and Exchange Commission. Also I was surprised by level of debt and long term financial commitments in front of property owners. WeWork business idea is not something new or out of […]

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Shared workspace business by WeWork

Another loss making Unicorn company goes public. Main idea behind business is to make profit for owners & investors. If company is loss making for almost a decade it means that investors will plea for IPO. Let’s take a look on The We Company (WeWork). As we all know for initial public offering any company […]

What is WeWork?

WeWork is commercial real estate company that provide real and virtual shared workspace. WeWork business model revolutionized office rental strategy by providing flexible contracts. Short contracts preferred by freelancers, small & new companies. But Wework also provide office space for big companies with 50+ employees. Established in 2010 by Adam Neumann & Miguel Mckelvey. Headquarter […]