With the drama of a palace coup, some directors are considering a plan to encourage the brash co-founder of the once high-flying real estate start-up to step down as chief executive.
Browsing: Adam Neumann
WeWork pushed back its much-awaited initial public offering, and said it now expects to complete the listing by the end of this year as concerns mount over the company’s governance, valuation and business prospects.
As WeWork continues its stumble to the public markets, some prognosticators see this moment as something more significant: that a WeWork belly-flop portends the end of the unicorn era in Silicon Valley.
WeWork may be the most magical creature in the last decade of richly valued “unicorn” start-ups that are attempting to bust up established industries. By Shira Ovide.