WeWork advisor Peter Weinberg told CNBC that the company’s tumultuous 2019 doesn’t discount the fact that the company’s fundamental business is strong.
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Video: The spectacular rise and fall of WeWork
In less than one year, WeWork went from having a $47 billion valuation and being the darling of the venture capital world to needing an $8 billion infusion to avoid running out of money.
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Video: Why WeWork’s business model is risky
The We Co.’s public offering is expected to come as early as next month.
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Saudi-backed SoftBank planning smaller $2bn investment in WeWork
SoftBank, which has already invested more than $8bn in WeWork, had looked at spending $16bn to buy a larger position in the company