- WeWork is an American commercial real estate company that provides flexible shared workspaces for technology startups and services for other enterprises.
- WeWork designs and builds physical and virtual shared spaces and office services for entrepreneurs and companies.
| Founded: | 2010 | | How old is WeWork in 2024? / Age: | 14 years
| | Where was WeWork founded? | SoHo, New York, US | | Headquarters: | New York, New York, US |
WeWork Net worth 2024 (estimated)
| | How much is WeWork worth? | Under review
| | Nationality: | American |
What is WeWork? / Facts
- Founded in 2010, its headquarters are in New York City.
- As of 2018, WeWork managed over four million square metres (4,000,000 m2; 43,000,000 sq ft; 400 ha; 990 acres).
- The company gained mainstream media attention in 2019 with its failed initial public offering (IPO) of company stock. The Wall Street Journal noted that upon the release of its public prospectus in August 2019, the company was "besieged with criticism over its governance, business model, and ability to turn a profit."
- WeWork lost over $2 billion in 2018.
- In September 2019, following mounting pressure from investors based on disclosures WeWork had made in its S-1 filing for the IPO, company co-founder Adam Neumann resigned from his position as CEO and gave up majority voting control in WeWork.
- Amid growing investor concerns over its corporate governance, valuation, and outlook for the business, WeWork formally withdrew its S-1 filing and announced the postponing of its IPO.
- At that time, the reported public valuation of the company was around $10 billion, a reduction from the $47 billion valuation it achieved in January and less than the $12.8 billion it had raised since 2010.
- In May 2021, the company announced a loss of over US$2 billion in the first quarter of 2021.
- The announcement was made as WeWork prepared for its stock market debut.
- WeWork's parent company was once named The We Company and is now named WeWork.
- Social media stats as of March 2022:
- 630k followers on Instagram
- 112k followers on Twitter
- 1.3M followers on Facebook
Bio / wiki sources: Wikipedia, accounts on social media, content from our users.
Related celebs
Sandeep Lakhmi Mathrani
Wiki & wealth sources: Wikipedia, TMDb, social media accounts, users content, wealth specialized websites
Last update: 19 March 2022
We do our best for being accurate. If something seems incorrect, please contact us! |
|
