Once upon a time, WeWork was a company of which built in addition to rented out coworking spaces where freelancers or modest startups could go on their computers, drink flavored water, in addition to visit the communal beer keg.
however those days are no more. Today, WeWork is actually a culture company valued at $20 billion. of which’s a burgeoning real estate empire, lifestyle brand, in addition to fitness business rolled into one. inside last year, WeWork became the most valuable startup in completely new York City, in addition to the fifth most valuable startup inside entire world. however while WeWork claims to be using big data in addition to artificial intelligence to design its offices, some say of which’s not definitely a tech company, which typically sell platforms or apps of which can scale to millions of people.
Given the sheer scope of the companies WeWork acquired, the initiatives of which launched, in addition to the real estate its CEO purchased in 2017, some have called the company unpredictable, even crazy. however as Softbank CEO Masayoshi Son has told WeWork CEO Adam Neumann, in a fight between a smart man in addition to a crazy man, the crazy man usually wins.
In a blog post, WeWork didn’t offer many specifics on what of which plans to do next with the many billions of which’s raised, however of which said, “We’re encouraged by what we have accomplished so far, in addition to we are excited to continue on This specific adventure to humanize the way we work, live, in addition to connect with the entire world.”
WeWork was also reported to have purchased a wave pool company This specific year, however a spokesperson for WeWork said the wave pool company was actually acquired in 2016
CEO Adam Neumann also spent some WeWork money This specific year; he cashed out $100 million of his shares in October in addition to proceeded to buy four multimillion dollar properties in completely new York City.
Have an idea for what else WeWork could spend its enormous amount of cash on? Sound off inside comments!