We(Fail)

This video describes WeWork, an office space rental company masquerading as a tech company creating a “physical social network.” Despite raising $22 billion in venture capital, WeWork never turned a profit and is considered the worst venture capital deal in history. The video discusses the significant decline of WeWork’s stock since going public, as well as its financial troubles and possible default on interest payments. CEO Adam Neumann, who cashed out millions in stock, trademarked “We,” and owned buildings rented by WeWork, creating a conflict of interest. Despite these challenges, Neumann has managed to take a substantial amount of money out of the company and has started a new venture, Flow, which aims to transform the residential rental real estate market.