Those were the days, back in January 2019. Adam Neumann was still running around and telling the story of his “physical social network”. That’s what he called the idea behind his start-up WeWork: rent office space, usually entire floors or entire buildings, modernize it and then rent it out to start-ups or freelancers for a shorter period of time and at a higher price. Back in early 2019, investors pumped so much money into the company that it became the most valuable start-up in the US with a valuation of $47 billion. An IPO was expected to raise billions of dollars.
Wework: Why the once most valuable start-up is bankrupt – Economy
