WeWork
A company providing shared workspaces that is reportedly filing for Chapter 11 bankruptcy due to a massive debt burden and unsustainable lease obligations, highlighting the broader commercial real estate downturn.
First Mentioned
1/11/2026, 5:29:58 AM
Last Updated
1/11/2026, 5:40:36 AM
Research Retrieved
1/11/2026, 5:40:36 AM
Summary
WeWork Inc. is a global real estate platform specializing in flexible coworking spaces, founded in 2010 by Adam Neumann and Miguel McKelvey. Headquartered in New York City, the company expanded rapidly to manage approximately 45 million square feet across 600 locations in over 30 countries. Despite reaching a peak valuation of $47 billion fueled by massive investment from SoftBank's Vision Fund, the company faced a high-profile crisis in 2019 due to corporate governance issues and a failed IPO. After a brief period as a public company via a SPAC merger, WeWork filed for Chapter 11 bankruptcy in November 2023. Following a 2024 reorganization, Yardi Systems emerged as the majority owner with a 60% stake, while SoftBank retained 20%. Under new leadership, including CEO John Santora, the company has pivoted toward a more stable, hospitality-driven business model focused on flexible workplace solutions for over half a million members.
Referenced in 1 Document
Research Data
Extracted Attributes
Founded
2010-01-01
Founders
Adam Neumann, Miguel McKelvey
Industry
Commercial Real Estate / Coworking
Current CEO
John Santora
Headquarters
New York City, United States
Member Count
550,000 members
Peak Valuation
$47 billion (USD)
Portfolio Size
45 million square feet
Total Financing Raised
$12.8 billion (USD)
Estimated Investor Burn
$16.9 billion (USD)
Timeline
- WeWork is founded by Adam Neumann and Miguel McKelvey. (Source: Wikidata)
2010-01-01
- WeWork becomes the fastest-growing lessee of new office space in New York City. (Source: Web Search)
2014-01-01
- The company files for an IPO, revealing governance issues that lead to the cancellation of the offering and the resignation of Adam Neumann. (Source: Wikipedia)
2019-09-01
- WeWork goes public via a merger with a Special Purpose Acquisition Company (SPAC). (Source: Wikipedia)
2021-10-21
- WeWork files for Chapter 11 Bankruptcy Protection following financial struggles and commercial real estate market turmoil. (Source: Wikipedia)
2023-11-06
- The company completes bankruptcy reorganization with Yardi Systems taking a 60% majority stake. (Source: Wikipedia)
2024-06-01
- WeWork releases its 2025 Member Year in Review, reporting a base of 550,000 members across 60,000 companies. (Source: Web Search)
2025-12-15
Wikipedia
View on WikipediaWeWork
WeWork Inc. is an American company headquartered in New York City that provides coworking spaces, including physical and virtual shared spaces, in approximately 600 buildings in 125 cities. WeWork was founded in 2010 by Adam Neumann and Miguel McKelvey. Over the following 10 years, the company raised $12.8 billion in financing at valuations as high as $47 billion, mostly from the SoftBank Vision Fund, led by Masayoshi Son. In September 2019, the company filed documentation to become a public company and revealed issues with corporate governance. Investors forced both the cancellation of the IPO and the resignation of Neumann. The company went public via a merger with a SPAC instead, but filed for Chapter 11 Bankruptcy Protection on November 6, 2023. As part of the bankruptcy reorganization, in 2024, Cupar Grimmond (an affiliate of Yardi Systems) acquired a 60% stake in the company, 20% was acquired by affiliates of SoftBank, and 20% was acquired by other investors. The company shrank its operations, selling all owned real estate and cancelling or amending hundreds of leases.
Web Search Results
- How the World Worked in 2025: New Data from WeWork's Global ...
About WeWork WeWork is a leading global real estate platform, purpose-built to empower businesses of all sizes with flexible workplace solutions, hospitality-driven experiences, best-in-class services, and innovative technology. With a curated portfolio of over 600 thoughtfully designed locations, spanning 45M square feet worldwide, WeWork helps more than half a million members — from emerging startups to Fortune 100 companies — perform their best work, today and tomorrow. To learn more, visit wework.com. \Numbers are estimated based on facilities and internal data for the period January 1 – October 31, 2025. [...] By WeWork NEW YORK, NY — December 15, 2025 — WeWork, a leading global real estate platform, today released its annual Member Year in Review. The report reveals how 60,000 companies of every size that make up its 550,000 member base — from solo founders to global enterprise firms — are reshaping the way work gets done across WeWork’s global network. Backed by proprietary data and real space usage patterns, the findings highlight how flexibility, service, and hospitality-driven environments are essential to how businesses operate and how people choose to work in today’s hybrid environment. A Structural Shift [...] WeWork continues to serve a wide spectrum of businesses, from those needing a single desk to those requiring satellite offices or custom headquarters. In 2025, almost 60,000 companies experienced and contributed to our global community. That’s over seventeen times the number listed on the American Nasdaq Stock Exchange. Of these, 32% — nearly 20,000 — were companies new to WeWork, and 5,110 of our member base expanded and scaled their footprints with us. A small but lively part of daily activity included our members’ pets: approximately 900 pets (mostly dogs, plus a cat or two) regularly visited WeWork this year, enhancing the energy in our spaces. London Set the Standard
- About us
Start of main content # About WeWork WeWork is a leading global real estate provider that empowers businesses to thrive through world-class flexible workplace solutions, innovative technology services, and hospitality-driven experiences. ## Work anywhere, flex everywhere With 600 locations in over 30 countries and more than 100 cities, WeWork gives you the flexibility to work where you want—whether that’s close to home or across the world. View all locations ## A smarter way to work ### Flexibility Flexible terms and scalable solutions allow your business to quickly adapt its space based on changing needs. ### Turnkey platform Move-in ready and fully managed, we handle all your office needs and operations so you're ready from day one. ### Predictable costs [...] ## Made for work, built for business “Whether you’re a team of one or 1,000, WeWork gives you a smarter, more flexible way to work that is tailored to your goals, your markets, and your speed. With space solutions across 37 countries, WeWork helps you scale, adapt, and deliver on your real estate strategy—locally, regionally, and globally.” — John Santora, Chief Executive Officer Meet the WeWork Leadership team ## Solutions that scale with your business ### Private office From a dedicated space for a small team to full floors as regional headquarters, get the office you need with an experience your team will love. ### Coworking [...] For these companies, having a truly flexible workspace lets them focus on culture and employee well-being. Case studies ### How a freight rail technology company scaled with WeWork Telegraph™ partnered with WeWork to grow their home base and utilized offices throughout the U.S. to bring together their remote-first team. Read More ## Discover more Learn more about who we are and what we do ### Careers Help create an extraordinary hospitality environment where our members feel truly known and cared for. Learn more ### Impact Community is at the heart of everything we do—from the businesses we support to the spaces we build. Learn more ### Newsroom Stay up to the minute with industry news and updates from WeWork. Learn more Home About Us
- WeWork
WeWork was founded in 2010 by Adam Neumann and Miguel McKelvey. Over the following 10 years, the company raised $12.8 billion in financing at valuations as high as $47 billion, mostly from the SoftBank Vision Fund, led by Masayoshi Son. In September 2019, the company filed documentation to become a public company and revealed issues with corporate governance. Investors forced both the cancellation of the IPO and the resignation of Neumann.( The company went public via a merger with a SPAC instead, but filed for Chapter 11 Bankruptcy Protection on November 6, 2023.( As part of the bankruptcy reorganization, in 2024, Cupar Grimmond (an affiliate of Yardi Systems) acquired a 60% stake in the company, 20% was acquired by affiliates of SoftBank, and 20% was acquired by other investors. The [...] Actions Read Edit View history General What links here Related changes Upload file Permanent link Page information Cite this page Get shortened URL Download QR code Print/export Download as PDF Printable version In other projects Wikimedia Commons Wikidata item Appearance move to sidebar hide From Wikipedia, the free encyclopedia American coworkspace company WeWork Inc.Image 4 Company typePrivate limited company Traded as OTC Pink: WEWKQ (2023) NYSE:WE (2021–2023) IndustryCommercial real estate Founded 2010; 16 years ago(2010) Founders Adam Neumann Miguel McKelvey Headquarters New York City , [...] By 2014, WeWork was considered "the fastest-growing lessee of new office space in New York" and was on track to become "the fastest-growing lessee [lessor] of new space in America."( WeWork investors as of 2014 included J.P. Morgan Chase & Co, T. Rowe Price, Wellington Management, Goldman Sachs, the President and Fellows of Harvard College, Benchmark "Benchmark (venture capital firm)"), and Mortimer Zuckerman, former CEO of Boston Properties.(
- WeWork Inc - Company Profile and News
Skip To Content Quick Links Stocks Currencies Commodities Rates & Bonds Sectors Watchlist Recently Viewed Companies # WeWork Inc WeWork Inc. provides co-working spaces for individuals and entrepreneurs. The Company offers private offices, office suites, headquarters, and custom build out options to fit a variety of office needs, as well as desk spaces and conference rooms. WeWork serves customers worldwide.
- WeWork | Office Space and Workspace Solutions
# Made for work. Built for business. From freelancers to Fortune 500s, discover flexible offices that scale with you—anytime and anywhere you work. ## Discover a smarter way to work There’s a reason why over half a million members choose WeWork. From entrepreneurs to Fortune 500 companies, we empower businesses of all sizes navigating a new world of work. Learn more ## Find your perfect workspace that fits your needs View all solutions ### Private office Furnished offices for teams of any size Learn more ### Coworking access Shared workspaces with professional amenities Learn more ### Enterprise solutions Flexible real estate solutions customized for leading companies Learn more View all solutions ## Trusted by the world’s top companies View more [...] Kick off the new year with two months free on select private offices. Offer ends Feb 28. Terms apply. Learn more The Wall Street Journal shines a light on the new WeWork: mature, stable and profitable. Read more. Announcing the Coworking Partner Network expansion across 1,000+ new locations giving WeWork Workplace members even more flexibility. Read more. Discover why half a million members call WeWork home. Learn more Did you know teams with highly engaged employees experience 23% higher profitability? Read the full report Book a tour and discover how a private office at WeWork helps you stand apart. Schedule a tour Start of main content # Made for work. Built for business. [...] ### Strategy Over Square Footage: How Hybrid Work Is Rewriting the Rules of Real Estate Learn how companies are redefining the office through technology, data, and hospitality-driven design—and how WeWork is leading the charge. Flexible products ### Beyond the Lease: The Real Estate Strategy That Tripled a Global Firm’s Footprint As businesses face constant change, WeWork provides the flexibility to scale, downsize, or adapt as needed.
Wikidata
View on WikidataImage
Country
Founder
Instance Of
Headquarters
Inception Date
1/1/2010
DBPedia
View on DBPediaLocation Data
WeWork, 21, Soho Square, Soho, City of Westminster, Greater London, England, W1D 3QP, United Kingdom
Coordinates: 51.5156046, -0.1315022
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