wework

Extracted Attributes

• CEO

  John Santora

• Founded

  2010

• Founders

  Adam Neumann, Miguel McKelvey

• Industry

  Commercial Real Estate

• Membership

  Approximately 600,000 members

• Headquarters

  New York City, New York, United States

• Peak Valuation

  $47 billion USD

• Global Presence

  Approximately 600 buildings in 125 cities

• Total Funding Raised

  $12.8 billion USD

Timeline

• WeWork is founded in New York City by Adam Neumann and Miguel McKelvey. (Source: Wikipedia)

  2010-01-01

• The company files documentation to go public, revealing significant corporate governance issues. (Source: Wikipedia)

  2019-09-01

• Adam Neumann resigns as CEO following the cancellation of the company's IPO. (Source: Wikipedia)

  2019-09-24

• 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 in the United States. (Source: Wikipedia)

  2023-11-06

• The company undergoes reorganization, with Cupar Grimmond acquiring a 60% stake and SoftBank taking 20%. (Source: Wikipedia)

  2024-01-01

WeWork

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

• What is a 'WeWork' Space? | Coworking Explained - CityCentral

  Coworking spaces are becoming increasingly popular in today’s business world. They offer a flexible and affordable alternative to traditional office spaces, and they are particularly popular with freelancers, entrepreneurs, and small business owners. One of the most well-known co-working spaces is WeWork. Founded in 2010, WeWork has quickly grown to become one of the largest co-working space providers in the world, with almost 600,000 members (according to RubyHome). [...] In an article titled, “The Start of Coworking (From the Guy That Started It)”, Neuberg writes, “I had both worked for myself and worked at a job and was unhappy because I couldn’t seem to combine all the things I wanted at the same time: the freedom and independence of working for myself along with the structure and community of working with others.” [...] WeWork has positioned itself as a modern and innovative company, with stylish and comfortable workspaces that appeal to younger professionals. This has helped to create a strong brand identity and a loyal customer base. ### Who is Coworking for? The audience for coworking spaces typically includes freelancers, entrepreneurs, startups, small businesses, remote workers, and professionals from various industries seeking a productive and collaborative work environment.

• WeWork - Wikipedia

  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. [...] | Company type | Private limited company | | Traded as | OTC Pink: WEWKQ (2023) NYSE: WE (2021–2023) | | Industry | Commercial real estate | | Founded | 2010; 15 years ago (2010) | | Founders | Adam Neumann Miguel McKelvey | | Headquarters | New York City , U.S. | | Number of locations | 154 locations in 35 countries (2024) | | Area served | Worldwide | | Key people | John Santora") (CEO) | | Services | Coworking | | Net income | 436,099 United States dollar (2016) | [...] 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

• WeWork - LinkedIn

  Review coming soon! [Likes: 81, Comments: 1]; WeWork (3d): Wherever work takes you, WeWork is there. From Grand Central Station in New York to Waterloo Station in London and everywhere in between, we help businesses of all sizes discover a smarter way of working. Find out how WeWork can work for you: we.co/4rwPRvx [Likes: 30, Comments: 2]; WeWork (4d Edited): Here are some recent highlights from the commercial real estate and workplace industries. For the latest WeWork news, visit we.co/news . [...] WeWork India (Real Estate): (Bengaluru North, Karnataka); WeWork LATAM (Real Estate): (N/A); WE WORK (Motor Vehicle Manufacturing): (N/A); We Work Remotely (Technology, Information and Internet): (Vancouver, British Columbia); Regus (Facilities Services): (N/A); Industrious (Hospitality): (New York, NY); Google (Software Development): (Mountain View, CA); Flow (Real Estate): (N/A); Amazon (Software Development): (Seattle, WA); Deloitte (Business Consulting and Services): (N/A) [...] deeply appreciate the efforts of all our partners, and we are excited for another year of working together in 2026. [Likes: 49, Comments: 0]; WeWork (1w Edited): AutogenAI first joined WeWork when they were only a company of 6 employees. Today, they've expanded their operations, now occupying 45 desks in New York City and leveraging WeWork All Access for their growing Australian team. They're one of dozens of AI companies around the world scaling their workspace efficiently with WeWork. Read

• What exactly happened to WeWork?

  Any digital nomad, entrepreneur, startup employee or worker who’s newly remote post-pandemic will have heard of WeWork. Their business model of office buildings filled with on-demand hot desks and other corporate necessities has left a global imprint. [...] From 2010, WeWork quickly expanded globally with its popular co-working model. By 2019, it was valued at nearly US$47 billion. However, that year, its planned IPO quickly descended into disaster. Its public prospectus raised serious questions about its governance, business model, and profitability. In November 2023, WeWork filed for Chapter 11 bankruptcy in the US. CNN described it as the culmination of a “stunning downfall” for the company. [...] The WeWork saga offers invaluable lessons on the importance of sound corporate governance. Both executives and board members play crucial roles in ensuring that a company is managed responsibly, with a clear focus on sustainable growth, transparency, and accountability.

• WeWork | Office Space and Workspace Solutions

  Complete the form below and our team will reach out to learn more about your workspace needs. ## Access even more space with our Coworking Partner Network Unlock the flexibility to work across 1,000+ new locations, on top of the hundreds of WeWork locations around the world—exclusively with WeWork Workplace. Learn more ### Ideas by wework ## Work trends and insights Read on ➝ Flexible products ### The Real Cost of Office Space: A Budgeting Guide for Small Teams [...] Start of main content # 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 [...] Whatever your budget or need, we make finding the perfect workspace easy. From flexible memberships to move-in ready offices, we give you the space and solutions to do your best work. Learn more ## Enterprise-grade solutions to power your hybrid strategy Give your real estate portfolio more flexibility while saving on costs by combining our turnkey offices, coworking spaces, and space management technology. Learn more ## Let us find a solution that works for you