Operating at the Intersection of Technology and the Capital Markets
Tag: Adam Neumann
WeWork (ticker: WE) plans to file for bankruptcy. The penny stock is down 53% today to $1.07. We have slammed WeWork's business model countless times over the years in these pages, both when it was a high-flying private firm as well as when it went public (WE shares peaked at $520.80 in October 2021). The … Continue reading WeWork Plans to File for Bankruptcy
The retail trading crowd views Elon Musk as a populist hero. The reality is Musk is a carnival barker and borderline fraudster in the vein of WeWork founder Adam Neumann. Mr. Musk got off easy under lax former SEC Chairman Jay Clayton. Recall in August 2018 when Musk posted on Twitter that he had secured … Continue reading Elon Musk Is A Carnival Barker At Best, A Criminal At Worst
How Not to Build A Company Consider this one of our corporate governance articles. Reading about WeWork one can't help but wonder "Where were the adults in the room? Where was the Board?" Here is a partial list of WeWork's gaffes. WeWork founder and former CEO Adam Neumann and the Board creating and approving a … Continue reading WeWork
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