WeWork and the magical universe of the unicorns

Until recently, venture capitalists were happy to overlook whether their star investments were actually making any money. But, as WeWork has learned, that doesn’t last forever

29th September, 2019
WeWork and the magical universe of the unicorns
Adam Neumann, co-founder of WeWork. Pic: Getty

Life comes at you pretty fast. Three weeks ago, Adam Neumann, the founder and chief executive of the We Company – better known as serviced office provider WeWork – was on the cusp of listing the business on the stock market in a move that would have valued it at $47 billion. It was a staggering figure for a company that has burned through the best part of $10 billion and has never made a profit.

Even...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Private rental sector remains strong despite Covid-19

How the programme for government will shape housing

Insight Niall Byrne 1 year ago

Comment: US must defuse Covid-19’s ticking time bomb of debt

Comment: The recovery will be more U than V-shaped

Insight Larry Hatheway 1 year ago