this post was submitted on 03 Nov 2023
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The definitive account of how WeWork went from a $47 billion valuation to a basket case in just 6 weeks (www.businessinsider.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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The definitive account of how WeWork went from a $47 billion valuation to a basket case in just 6 weeks::The WeWork cofounder Adam Neumann picked the wrong time to be the visionary leader of a company with imperial ambitions and obscure finances.

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[–] hogunner@lemmy.world 29 points 1 year ago

Hint: Overvalued bubbles surrounded by cult of personality types, who are more buzzword than substance, making bad business decisions compounded by a once-in-a-lifetime labor paradigm shift.

TLDR: bubble goes pop