https://padlet.com/f022157/gkyrfjiarqnmfajw a unique Padlet web page to present the main sources you used to better understand WeWork . en-us 2020-12-01 02:18:42 UTC 2020-12-01 02:59:19 UTC hello@padlet.com F022157 https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974146959 This article details Adam Neumann's unethical behavior and gives examples of instances when he was a poor leader. It criticizes claims that WeWork is a tech company and asserts that it is just an ordinary real estate business. The article challenges entrepreneurs to do better in terms of ethics because it influences others in society. The article further questions how WeWork was able to get away with such an overestimation during valuation, without any investor becoming suspicious.

]]> 2020-12-01 02:24:07 UTC https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974146959 F022157 https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974156491 This article gives a chronological account of the events that led up to WeWork's withdrawal from the IPO. It gives finer details of what led up to the fiasco and even has information on what has happened since the IPO failure, including laying off of employees and Soft bank's involvement. This source helped in gathering updated information on the aftermath after the scandal broke out.

]]> 2020-12-01 02:28:49 UTC https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974156491 F022157 https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974162406
In this article, author Laura Bliss expounds on how WeWork has become a favorite amongst millennials and describes all the reasons why they are preferring it to formal office arrangements. According to the article, WeWork had positioned itself as a disruptor just like Uber and Airbnb. It gives a history of coworking spaces and their revolution from the 1990s to the modern-day. The article helps researchers to understand why millennials are drawn to WeWork and the benefits of they got from using its working spaces such as networking and creative environment; which could explain why it had become so successful. The article also raised suspicion on the overvaluation of WeWork, a year before the IPO scandal happened.]]> 2020-12-01 02:31:41 UTC https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974162406 F022157 https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974169047 In this article, Lauren Feiner explains how Softbank had expressed regret over its decision to invest in WeWork. This came after the bank reevaluated the company's worth and realized that WeWork's actual value was much lower than its initial valuation before the botched IPO. The article was well explanatory and also gave numerical details about the deals that WeWork had made which helped in realizing the financial implications of all that had happened.

]]> 2020-12-01 02:35:01 UTC https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974169047 F022157 https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974175297 This YouTube video narrates WeWork's journey, and gives reasons that led to its failure. It is especially useful in understanding how Neumann's poor leadership contributed to it by highlighting specific details of Neumann's bad behavior both at the workplace and in his personal life. This source helped in getting a fresh perspective about WeWork and Neumann's leadership.]]> 2020-12-01 02:37:55 UTC https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974175297 F022157 https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974177425
This article in Vox explains how WeWork has been struggling after it was lowly valued by investors. It explores how poor cooperate governance, struggling finances, and bad behavior by Neumann all pooled together to cause WeWork's downfall. The article was helpful in learning how the different stakeholders, including employees, Adam Neumann, and Softbank, have been affected by the unfortunate turn of events.]]> 2020-12-01 02:39:02 UTC https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974177425 F022157 https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974181430
This article was written in 2015, years before WeWork's IPO scandal and subsequent downfall. Kosoff in this article gives a brief history of Adam Neumann and how WeWork grew to be as successful as it was. Still, it highlights a few concerns about the sustainability of the company's business model as some critics had labeled it to be a technology bubble. It also discusses ways in which WeWork was trying to diversify its services by venturing into other dimensions of real estate. It was a well written and informative piece that gives perspective on how WeWork was perceived by investors and the public in general, years before its bubble burst.]]> 2020-12-01 02:41:02 UTC https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974181430 F022157 https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974184662
This article was written in 2018 which was before WeWork's issues arose. According to the article, targeting the millennial demographic had significantly contributed to the company's growth and expansion. Millenials The article uses statistics to paint a clear picture of how the company had grown and was helpful in learning how it became so popular amongst millenials at its peak. ]]> 2020-12-01 02:42:39 UTC https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974184662 F022157 https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974187382
In this opinion article by Molly Roberts, the reasons that led to WeWorks failure are evaluated. Using a degree of sarcasm, it explains how Neumann was way over his head and took the fallacy of claiming to be a tech company too far. It makes sarcastic yet informative between WeWork and other tech companies such as Tesla to show how divergent the ideas of the two companies were. It was a useful source identifying some of the weaknesses in the company's culture and organizational design that caused its destruction.]]> 2020-12-01 02:44:02 UTC https://padlet.com/f022157/gkyrfjiarqnmfajw/wish/974187382