Troubles keep mounting for the We Company as Softbank reportedly calls for shelving the IPO

The troubles for We Company and its main business WeWork are mounting as the Financial Times is reporting that the company’s main backer, Softbank, is pushing for the company to put its troubled public offering on hold. Citing sources familiar with the company and its main investor, the Financial Times said that the cool reception We Company has […]

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We Company reportedly mulls slashing its valuation ahead of its initial public offering

The Wall Street Journal is reporting that the company formerly known as WeWork is considering slashing its valuation as it looks to woo public market investors. The company is reportedly considering a valuation of somewhere in the $20 billion range for its initial public offering, a figure that’s far less than the $47 billion valuation it […]

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WeWork CEO Adam Neumann has reportedly cashed out of over $700 million ahead of its IPO

Adam Neumann, the co-founder and chief executive of the international real estate co-working startup, WeWork, has reportedly cashed out of more than $700 million from his company ahead of its initial public offering. The size and timing of the payouts, made through a mix of stock sales and loans secured by his equity in the […]

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WeWork acquires Managed By Q

Managed By Q, the office management platform based out of New York, has today been acquired by The We Company, formerly known as WeWork. Financial terms were not disclosed. The WSJ reports that it was a cash and stock deal. Managed By Q, which has 500 employees, will remain as a wholly owned separate entity […]

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Hometalk raises $15M to grow its DIY community

Hometalk, a DIY community site with just under 10 million monthly users and over 21 million monthly visits, today announced that it has raised a $15M growth round led by NFX, with participation from WeWork founder and CEO Adam Neumann and Altair Capital. If you’re not familiar with Hometalk, you can think of the site […]

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We Company CEO in hot water over being both a tenant and a landlord

The company formerly known as WeWork has come under scrutiny for potential conflict of interest issues regarding CEO Adam Neumann’s partial ownership of three properties where WeWork is (or will be) a tenant. TechCrunch has seen excerpts of the company’s prospectus for investors that details upwards of $100 million in total future rents WeWork will […]

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WeWork rebranding won’t work

The company formerly known as WeWork has rebranded as the We Company — although a better name for its network of on-demand office spaces for the newly incorporated and nominally employed; co-living spaces for the same Easyjet-set; and educational and coding services could be “House of Cards”. News of the rebranding (first reported via Fast Company) comes […]

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