Saturday 26 October 2019
The WeWork debacle shows the danger of much-hyped founders with too much power
<p>Companies helmed by CEO-and-founders like Adam Neumann have a deeper problem than an exaggerated mission to make the world a better place and a business model that doesn’t live up to hype.</p><br /><p>WeWork went from unicorn darling with a nearly $50 billion valuation to a cautionary tale for gullible investors worth just $8 billion in a matter of months. It did so in part by wrapping its real estate sublet business in the cloak of a tech startup destined to “change the world.”</p><p>Read Full Story</p><div class="feedflare"><br /> <br /></div>
from The Internet Marketing News | Published News https://ift.tt/2MMJKSI
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