Despite its recommitment to core business fundamentals in the last few years, WeWork’s management—which saw a shakeup in May 2023 when CEO Sandeep Mathrani departed—is setting off a signal flare about the company’s future. {quote} But how did the once-poster child of Silicon Valley end up seeing its valuation collapse more than 99% from its peak? The Rise of WeWork: 2010–2019 WeWork was founded in 2010 by Adam Neumann and Miguel McKelvey with the primary objective of providing shared workspaces catered to freelancers, startups, and companies seeking “flexible office solutions.” The business model, which rested on ... (full story)