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The WeWork Story Part 6: IPO...Just Kidding

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  • čas přidán 27. 12. 2020
  • For more episodes: • Foundering: The WeWork...
    Part 6: IPO...Just Kidding
    WeWork had spent nine years chasing lightning-fast growth, burning billions of dollars, and expanding around the world. In 2019, the company reached a turning point: WeWork needed even more cash, and Adam Neumann decided to take his company public with a massive IPO. But suddenly, in the span of a few weeks, his plan crashed spectacularly. The almost-IPO flopped and WeWork became a laughingstock. In this episode, reporter Ellen Huet asks: How did the company's fortune flip so fast, and why didn't they see it coming?
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Komentáře • 75

  • @jordansumitomo2357
    @jordansumitomo2357 Před 3 lety +67

    😭 This podcast series had ended😂. Bloomberg please continue making series
    Like this which covers years of research, reporting for other startups.

    • @business
      @business  Před 3 lety +12

      More seasons of Foundering are on the way, stay tuned!

    • @ian_b
      @ian_b Před 3 lety +1

      @@business I've enjoyed this a lot, it's well put together and pleasant to listen to.

  • @pjacobsen1000
    @pjacobsen1000 Před 3 lety +41

    Congratulations to Ellen Huet and her team at Bloomberg. This was so good! Please consider doing more series like this with in-depth reporting on companies. They don't even have to be big scandals, just some deep insights.

  • @isaaclastname7340
    @isaaclastname7340 Před 3 lety +11

    At a time when business 'news' simply shills corporate interests, this series' storytelling from the perspective of the everyday person has been fascinating, inspired, and empowering. Good stuff!

  • @Ben-kz2km
    @Ben-kz2km Před 3 lety +7

    The story of people dressing as Adam Neumann for Halloween and carrying Softbank checks cracked me up

  • @uprightape100
    @uprightape100 Před 3 lety +47

    I want SoftBank to front me $16 billion bucks.......I'm a Redwood Farmer and the crop will be ready in five hundred years or so but It's totally gonna pay off.

    • @codavid
      @codavid Před 3 lety

      Hahahaaha this is hilarious

    • @EduardoEscarez
      @EduardoEscarez Před 3 lety +14

      Buy a turtleneck and clothing like Steve Jobs, and says as many times as possible about "disruption", "reinventing", "reimagining". It worked for Theranos and Wirecard 😂

    • @ichoudhury007
      @ichoudhury007 Před 3 lety +4

      It may work, you are possibly thinking about genome modification to Costal Redwoods to just 1 year!!! Tell Masa this
      {{ As you can see, the 500th decimal of Pi is 2. However, Pi starts with 3 which is also a digit. Thus, if you start at 3, then 500 digit is 1. In another word, 1 year instead of 500 years}}
      “I’m listening” - Masayoshi Son

    • @realgood537
      @realgood537 Před 3 lety

      sounds like something masa son would be interested in

    • @imperator_odin
      @imperator_odin Před 3 lety +2

      Go for it, trying reaching a stage where he will be interested in talking to you and then convince him. You sure you can do it? I don’t think anyone is stopping you.

  • @crybread-z9k
    @crybread-z9k Před 3 lety +30

    Kinda sad for when this series ends!! Would love to see more

    • @ichoudhury007
      @ichoudhury007 Před 3 lety +3

      Was about to type the same comment and saw you beat me to it 🤪

    • @business
      @business  Před 3 lety +16

      There will be more seasons of Foundering coming - stay tuned!

    • @sidk9231
      @sidk9231 Před 3 lety +1

      @@business by when?

    • @sidk9231
      @sidk9231 Před 3 lety +1

      @@business just heard your EP 7 podcast and it's just AWESOME!

  • @ItsPolitiks
    @ItsPolitiks Před 3 lety +10

    theranos, juicero, so much potential with this podcoast series!!!!!

    • @cindytartt4048
      @cindytartt4048 Před 2 lety

      Pure Food & Wine. Even Anna Delvey/sorokin & the banks etc which effectively backed her.

  • @Dxeus
    @Dxeus Před 3 lety +9

    Adam, a conman met with Rebecca, a con woman.

    • @AS-zj4jv
      @AS-zj4jv Před 3 lety +1

      Adam Newman, Elizabeth Holmes.. they all come in threes, who'll be the third?

  • @encinobalboa
    @encinobalboa Před 3 lety +13

    Adam is a genius. No, not the good kind. The kind with 1.7bn.

  • @AdityaSingh-oe7bz
    @AdityaSingh-oe7bz Před 3 lety +15

    We don't work

  • @thecowegg
    @thecowegg Před 3 lety +2

    Long story short, Adam got lucky meeting masayoshi. Masayoshi got unlucky meeting Adam 😂

  • @keesgooi7365
    @keesgooi7365 Před 3 lety +9

    Bloomberg 👍👍👍👍👍👍⭐

  • @michaelcjakob
    @michaelcjakob Před 3 lety +7

    Next up, please make the Wirecard story 💜

  • @cheechalker8430
    @cheechalker8430 Před 3 lety +3

    Adam Neumann, Elizabeth Holmes and Keith Raniere walk into a bar ……

  • @teah80
    @teah80 Před 3 lety +9

    Love this series!!!

  • @sealy999
    @sealy999 Před 3 lety +1

    The quality of this is 100!!

  • @razor360i
    @razor360i Před 3 lety +3

    Weldone👏🏾👏🏾... I really enjoyed this series. Thanks

  • @thedcfershow
    @thedcfershow Před 3 lety +10

    Lets go! This is awesome stuff! You guys inspire me to make content

  • @AJBello-up2zc
    @AJBello-up2zc Před 3 lety +6

    MEWORK should had been the name of the company,

  • @stephenrocchio5554
    @stephenrocchio5554 Před 3 lety +2

    he actually said "We are the world's first physical social network"...

    • @cindytartt4048
      @cindytartt4048 Před 2 lety +1

      It’s hilarious to me; that these weasel words exist: that a “physical social network” is a _physical_ network and that’s basically having people around you which is a _community_ so he’s saying he’s the _creator_ of the world’s community. 😆😹😹

    • @animula6908
      @animula6908 Před rokem

      I thought cities beat them to that lol.

  • @tcnymex
    @tcnymex Před 3 lety +5

    Is there an rss for an audio podcast of bloomberg quicktakes? When you try to look it up you find RSS feeds that ended in 2018

  • @robz16
    @robz16 Před 3 lety +4

    If only they hit the ipo I bet you they”d be worth 500billion now regardless if they was loseing money which is half the stock market lol

  • @christieomojo
    @christieomojo Před 3 lety +2

    Really good an well researched series

  • @TianZhaoHeavenlyFortune
    @TianZhaoHeavenlyFortune Před 3 lety +6

    Here I thought he was just a narcissist but the whole bit about his Messiah-complex takes the cake. And speaking of "cake", I hope he gets his just desserts one day sooner than later.

  • @gorinapkins
    @gorinapkins Před 3 lety +1

    This guy is beating the shit out of his table! 🤣

  • @daplebdatisplebby
    @daplebdatisplebby Před 3 lety +5

    Pls make this a series of analyzing shitty startup that the media loves

    • @guppy0112
      @guppy0112 Před 3 lety +4

      The problem is; they ARE the media! Bloomberg loved all these fraudulent companies (Wework, Theranos, Nikolas etc) and never stopped talking about them and elevating them to a higher status ('groundbreaking', 'innovative', 'disruptive', 'revolutionary' etc). As media businesses, they are not punished for getting things wrong (they make money from sales/ratings) and elevating them made more profits for them regardless how untrue it was! The media then make even more money when they ultimately collapse and are exposed as frauds; as nothing sells like bad news, remember!

    • @daplebdatisplebby
      @daplebdatisplebby Před 3 lety +1

      @@guppy0112 o.O gg US media is scary

    • @PointsofData
      @PointsofData Před 3 lety +3

      @@guppy0112 except bloom berg has always been pretty critical of wework, so you obviously haven't actually been reading any of their articles, just going off a vague paranoia about mainstream media

  • @kenpark4988
    @kenpark4988 Před 3 lety +6

    Quality content. It would have attracted more people even with simple static animation or photo slides though

    • @animula6908
      @animula6908 Před rokem

      It’s a podcast. I think the biggest part of the audience listened on audio-only platforms. A lot of podcasters repost to CZcams because they know most of us just have it playing in the background while WeWork.

  • @edwardpages1659
    @edwardpages1659 Před 3 lety +2

    I want to be like Adam Neumann, a barefoot messiah preaching goodness, throwing parties and having millions by doing that!

    • @cindytartt4048
      @cindytartt4048 Před 2 lety

      He has over a billion to do this- & the houses….I’d be happy with a visitor cottage in the Hamptons as well as the Mercedes & Porsche (toy) cars their children ‘drove.’

    • @animula6908
      @animula6908 Před rokem

      What’s stopping you then?

  • @csanton3946
    @csanton3946 Před 3 lety +1

    Masabfslt betrayed after people mocked WeWorks S1 filing due to the discovery in the structure of the business and powers of Adam. Well if Masa had done Due Diligence instead of hopping in the car and doing the deal in 28minutes tryna act like a superstar he wouldnt be surprised

  • @jakelex1177
    @jakelex1177 Před 3 lety +2

    The title got me hahaha. What a troll

  • @LeonardoDeVinci1452
    @LeonardoDeVinci1452 Před 3 lety +2

    This guy is a sociopath just like other CEO's I guess that what takes these days

  • @amaajemyfren1028
    @amaajemyfren1028 Před 3 lety +1

    As Scott Galloway said ... WeWTF!

  • @pandupujo3917
    @pandupujo3917 Před 3 lety +1

    No CC?

  • @eze3914
    @eze3914 Před rokem +2

    A dishonest Israeli?
    no way.

  • @picklep9812
    @picklep9812 Před 3 lety +2

    What is an IPO?

    • @Thomas-cl9cz
      @Thomas-cl9cz Před 3 lety +8

      Initial public offering. When a company starts going onto the stock exchange.

    • @animula6908
      @animula6908 Před rokem

      Initial Public Offering. It’s when a privately owned company enters the stock exchange allowing the public to buy shares of the business for the first time. Not all companies become publicly owned, and I prefer to deal with the ones that are privately owned because I’m not a communist.

  • @moonna8088
    @moonna8088 Před 9 měsíci

    fine milk

  • @KingSlimjeezy
    @KingSlimjeezy Před 3 lety

    Not gonna lie, Adam is obviously a great businessman. And if you disagree show me YOUR billion dollars

    • @infiltr80r
      @infiltr80r Před 3 lety +3

      There are also plenty of thieves on the run.