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Originally Posted by twister244
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The shoes are definitely starting to drop for WeWork. WeWork's future may be uncertain, but at least it's founder won't be left high and dry:
Japanese telecommunications giant SoftBank is taking control of WeWork, and it’s giving WeWork founder Adam Neumann the equivalent of nearly $1.7 billion to sever most of his ties with the shared office space startup, according to The Wall Street Journal and the Financial Times. SoftBank will also spend up to $3 billion buying out shares owned by employees and early investors in the company, and it’s lining up some $5 billion in debt financing to help the startup move forward. This is all on top of the more than $10 billion SoftBank has already committed to WeWork as its largest investor.
https://www.theverge.com/2019/10/22/...akeover-payout
As others have argued, I think the co-working model is a great innovation, and will be viable in one form or another, whether WeWork manages to master that space or another entity does. It will be interesting if the Rockies' McGregor Square also walks away from WeWork - they were in discussions for WeWork to take the entire 210,000 square feet of office space there! With all the recent announcements of tech company expansion in Denver, I would think this prime location would have other options.