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How The Pandemic Is Hitting Beleaguered Coworking Giant WeWork

Video Credit: Wochit News - Duration: 00:39s - Published
How The Pandemic Is Hitting Beleaguered Coworking Giant WeWork

How The Pandemic Is Hitting Beleaguered Coworking Giant WeWork

After considering a massive valuation cut to drum up investor interest, WeWork pulled its IPO in 2019.

At the time, co-founder Adam Neumann was ousted as CEO and chairman.

In April, investor SoftBank backed out of its plan to buy $3 billion worth of WeWork shares, including nearly $1 billion from Neumann.

The novel coronavirus COVID-19 pandemic has done no favors for the company.


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