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Tuesday, 28 April 2020

Podcasts we love: WeCrashed: The Rise and Fall of WeWork

WeCrashed: How ambition and hubris brought the world’s most valuable unicorn to within an inch of its life. WeCrashed: The Rise and Fall of WeWork charts the rise and fall of ambitious Israeli-American entrepreneur Adam Neumann who in 2019 presided over the biggest wipeout of shareholder value in a single company since Enron. The now-former chief executive of shared workspace startup WeWork, Neumann just one year ago still had aspirations of becoming the world’s first tn’naire and enjoyed multiple multi-bn USD investments from SoftBank CEO Masayoshi Son, pushing the company’s value to USD 47 bn. But Neumann’s recklessness, delusions of grandeur, and cultivation of a cultish company ethos last year culminated in a disastrous IPO filing that brought the company crashing down to earth.

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