WeWork

FreightWaves CEO Craig Fuller and Dynamo Managing Partner Jon Bradford team up on this show about their vision and view of where the world exists in the intersection of freight and venture capital.  On this episode: WeWork's Emperor's New Clothes moment. Are they this cycle's Pets.com? Also,...

The We Company, WeWork’s parent company, has set up a special board committee to study financing proposals as a cash crunch looms. What Happened The company is discussing a $5 billion financing rescue from its largest shareholder Softbank Group Corp (OTC: SFTBY), and its principal lender...

It has not been a good month for Ashton Kutcher’s investment portfolio. Amid the fallout from WeWork’s canceled IPO, Neighborly, another company partly funded by the actor and venture capitalist, has told its employees it can’t make its payroll. What Happened Anticipated...

When The We Company, aka WeWork, filed its S-1 with the SEC on August 14, much of the ridicule it received was reserved for its questionable financials and borderline cultish tone. And sure, there was a lot not to like in the prospectus. Like the fact that the company lost $900 million in the first...

To start the week, a key manufacturing index fell to its lowest level since 2009. Precious metals, including gold, silver and particularly palladium, took it on the chin. Crude oil fell 3% to below where it was before the attack on Saudi oil fields. Despite all that, the stock market rallied Monday...

WeWork yesterday announced that it was filing to withdraw its IPO after major issues with valuation and governance were revealed to the public. With this move, they lose out on $6B in loans they would've received if they'd raised at least $3B in an IPO this year. Its valuation has been...

WeWork announced Monday that it will withdraw its S-1 filing as it seeks to postpone its initial public offering. WeWork had filed S-1 paperwork Aug. 14 and had planned to list on the Nasdaq. “We have decided to postpone our IPO to focus on our core business, the fundamentals of which remain...

The Peloton Therapeutics (NASDAQ: PTON) initial public offering comes on the heels of a botched IPO from fellow unicorn WeWork, and the two companies share at least one similarity, Timothy Lesko of Granite Investment Advisors said on CNBC's "Street Signs" Thursday....

Just like the 2000 collapse of the wildly unprofitable online pet food store pets.com, WeWork has become a symbol of venture capital (VC) excess, the end of an era, and the catalyst for shifting investment priorities. Who can forget pets.com? Most people remember the 2000 Super Bowl for ‘the...

WeWork co-founder Adam Neumann is reportedly stepping down as CEO and will transition to the role of nonexecutive chairman. What Happened Neumann faced pressure to step down as CEO from board members and investors over the past few days and will be replaced with two executives, The New York...

The WeWork saga continued into the new week, with the company's board of directors reportedly set to meet to discuss ousting co-founder Adam Neumann from his post as CEO. 'Bro Culture' To Blame? WeWork's core business of offering office space is akin to a "timeshare...

WeWork is postponing its initial public offering, partly due to valuation concerns. The botched IPO may have been a positive move as it would have been "hard to imagine" the stock performing well, according to D.A. Davidson. The Analyst D.A. Davidson real estate analyst Barry Oxford...

Jim Cramer is sort of getting what he wished for: WeWork has made the decision to hold off on its highly publicized initial public offering. What Happened WeWork, the office-sharing startup company, was valued as high as $47 billion during private rounds of financing but may now be worth between $...

Jim Cramer has a simple piece of advice for WeWork ahead of its initial public offering: "Go away." What Happened Today WeWork's valuation may have fallen from $47 billion to a range of $10 billion to $12 billion, sources told CNBC's David Faber. WeWork also introduced a handful...