“WeWork has burned through almost $2.5 billion of cash since the end of June...” https://t.co/InYvHKgiXO
— Henry Blodget (@hblodget) October 25, 2019
"By harnessing the language of uplift and spirituality, American capitalism isn’t reforming itself. It’s just claimed another commodity to be possessed, marketed, and sold." via @DKThomp https://t.co/48flQzAtQ0
— Barry Ritholtz (@ritholtz) October 25, 2019
"He dazzled journalists, celebrities, and investment banks. And he did it, in large part, with a story that, like all good bullshit, contained a truth exquisitely tailored to its time." https://t.co/VWMhJfS9bs
— Yasmeen Serhan (@YasmeenSerhan) October 25, 2019
I'm like the other guys, but I'm also curious what you think of this or where I can find a good essay on WeWork https://t.co/nubetsyMBv
— Chad Houck (@houckc) October 25, 2019
This is a depressing read, and it makes me think that there really are serious dangers in capitalism embracing religious thinking. https://t.co/IxtNuounTR
— Avi Were-Woolf, WTF Conservative? (@AviWoolf) October 25, 2019
.@DKThomp on Adam Neumann is worth reading:
— Jeffrey Goldberg (@JeffreyGoldberg) October 25, 2019
"It is not unusual for founders of billion-dollar enterprises to get rich. What’s deeply unusual, however, is the way Neumann wrapped himself around WeWork’s business to squeeze profit from its every pore."https://t.co/jiLEQABt7a
"Adam Neumann, who emerged from the wreckage as one of the nation’s richest founders, as a figure of almost mystical monstrousness—like some capitalist chimera of Midas and Houdini"https://t.co/w3HMOmapJg
— Lisa Wood Shapiro (@LisaWShapiro) October 25, 2019
really terrific piece from @DKThomp on the complicated con artistry of WeWork's Adam Neumann and its larger implications for the economy: https://t.co/l7NVzfKTw2
— Seth D. Michaels (and Super Creeps) ? (@sethdmichaels) October 25, 2019
I wrote a longish piece combining a few topics that have consumed my last few months of writing:
— Derek Thompson (@DKThomp) October 25, 2019
WeWork’s catastrophe, capitalism's existential crisis, and founder Adam Neumann dark genius for merchandizing our anxieties about work and modernityhttps://t.co/jZXCZRN9Bi pic.twitter.com/aE8FIlblGc
Well this is shitty.
— Jessica Meher (@jessicameher) October 25, 2019
“WeWork is paying Adam Neumann more than $1 billion to go away. Meanwhile, the company is so cash-poor that it cannot afford to pay the severances of the 4,000 workers it intends to cut.”https://t.co/eTmrbSR464
Whenever a corporation says they want to build a “community” you know they’re a grifthttps://t.co/aNmDu1D5tK
— Clayton Cubitt (@claytoncubitt) October 25, 2019
"Neumann wrapped himself around WeWork’s business to squeeze profit from its every pore, even as he proclaimed his firm’s spirit of generosity" https://t.co/p6lqPUq1yp
— ryan cooper (@ryanlcooper) October 25, 2019
ICYMI: We got the transcript of WeWork's all-hands this week. Here's the company's new top boss (and SoftBank COO) saying how he wants to "prove all those detractors that are writing articles about us that they’re completely wrong"https://t.co/zUG4RrdAvK pic.twitter.com/vUBDnWihkG
— Shirin Ghaffary (@shiringhaffary) October 25, 2019
“The size of the commitment that SoftBank has made to this company in the past and now is $18.5 billion. To put the things in context, that is bigger than the GDP of my country where I came from. “https://t.co/MEN090dHjK
— Haresh Chawla (@hchawlah) October 25, 2019
Leaked transcript: Read what WeWork’s new chairman told anxious employees at an all-hands meeting https://t.co/eiNFe6BAT0
— Recode (@Recode) October 24, 2019
The ex-CEO of Sprint being brought in to save WeWork and referring to his tenure at Sprint as a success story is really something, when what he did was slash costs, lay people off, and make a case that Sprint couldn't survive without being sold to T-Mobile https://t.co/EYLh6e0dLp
— nilay patel (@reckless) October 24, 2019
SoftBank exec/WeWork chairman Claure on the $185 M fee to adam:
— Eliot Brown (@eliotwb) October 24, 2019
"we thought that’s going to be a great investment to basically put the company back into our hands ... to run it without having somebody with a gun, always basically voting shares 10 to 1"https://t.co/aLZhda2DpI
"The size of the commitment that SoftBank has made to this company in the past and now is $18.5 billion. To put the things in context, that is bigger than the GDP of my country where I came from. That’s a country where there’s 11 million people." https://t.co/D201KgfgE5
— Konrad Putzier (@KonradPutzier) October 24, 2019
I read the transcript from the all hands with the new exec chairman from @wework and came away feeling they are about to have a Mighty Ducks moment. https://t.co/jDAqhaPWyl
— MyCool King (@iPullRank) October 25, 2019
We got the inside scoop WeWork's all-hands yesterday. Read the full transcript here, in which the company's new exec chairman addresses anxious employees and lays out his plan for a comeback.
— Shirin Ghaffary (@shiringhaffary) October 24, 2019
“It’s not going to be be easy, it’s going to be bumpy roads,” https://t.co/zUG4RrdAvK
In an exclusive leaked recording of an all-staff meeting, new leadership at @WeWork addresses why former CEO Adam Neumann is exiting with $1.7 billion while many employees are facing job insecurity. https://t.co/2IyeB3QJQU
— Vox (@voxdotcom) October 25, 2019
Fascinating read.
— Thomas Rice (@thomasrice_au) October 25, 2019
"And that has a price and we thought that’s going to be a great investment to basically put the company back into our hands for us to be able to run it without having somebody with a gun, always basically voting shares 10 to 1."https://t.co/W9r3TGpN6c
We got the transcript of WeWork's all-hands meeting and it's fascinating reading. https://t.co/SyucIxLYgz
— Ezra Klein (@ezraklein) October 24, 2019
Fascinating document from @shiringhaffary: Transcript of new WeWork boss addressing the troops, many of whom will shortly be laid off. https://t.co/815pkVMkhE
— Peter Kafka (@pkafka) October 24, 2019