Definitions for wework
we·work

WikipediaRate this definition:0.0 / 0 votes

1. WeWork

   WeWork Inc. is a provider of coworking spaces, including physical and virtual shared spaces, headquartered in New York City. As of December 31, 2021, the company operated 44.8 million square feet (4,160,000 m2) of space, including 19.8 million square feet (1,840,000 m2) in the United States and Canada, in 756 locations in 38 countries, and had 590,000 members, with a weighted average commitment term of 20 months.The company gained mainstream media attention in 2019 with its failed initial public offering (IPO) of company stock. The Wall Street Journal noted that, on the release of its public prospectus in August 2019, the company was "besieged with criticism over its governance, business model, and ability to turn a profit".In September 2019, following mounting pressure from investors based on disclosures WeWork had made in its S-1 filing for the IPO, company co-founder Adam Neumann resigned from his position as CEO and gave up majority voting control in WeWork. Amid growing investor concerns over its corporate governance, valuation, and outlook for the business, WeWork formally withdrew its S-1 filing and announced the postponing of its IPO. At that time, the reported public valuation of the company was around US$10 billion, a reduction from the $47 billion valuation it had achieved in January and less than the $12.8 billion it had raised since 2010. As of May 2022 the company is traded at a valuation of $5.1 billion. In October 2019, Neumann received close to US$1.7 billion from stakeholder SoftBank for stepping down from WeWork's board and severing most of his ties to the company. He was retained as a consultant with an annual salary of $46 million.The New York Times described the company's failed effort to go public, and its related turmoil, as "an implosion unlike any other in the history of start-ups", which it attributed to Neumann's questionable tenure and the easy money previously provided to him by SoftBank, led by Masayoshi Son.

CrunchBaseRate this definition:0.0 / 0 votes

1. WeWork

   WeWork empowers entrepreneurs and businesses to succeed by providing a collaborative community and services that allow them to focus their energy on growing their business. With locations in New York, San Francisco, and Los Angeles, WeWork is rapidly growing its community to become the largest network of small businesses in the U.S.

How to pronounce wework?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say wework in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of wework in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of wework in Pythagorean Numerology is: 5

Examples of wework in a Sentence

1. Glenn Davis:

   WeWork is pushing the outer bounds of what's acceptable for a public company, the IPO filing indicates that the objective is to preserve incumbent control indefinitely.

2. Kathleen Smith:

   Large money-losing IPOs with high valuations tend to be challenging in the IPO market, iPO investors have already been burnt by Lyft and Uber. They are going to be cautious about WeWork.

3. Jack Lee:

   I feel (SoftBank) Vision Fund's focus is more on existing and a bit older economy, such as real estate (WeWork, internet-based rides hailing apps) ... while we have been promoting the decentralized digital economy powered by blockchain for years.

4. Megan Bent:

   WeWork is emblematic of a systemic problem in Silicon Valley. We are seeing a beginning of a correction, a back to sanity moment.

5. Zach Aarons:

   Everybody wants to get the same multiple that WeWork has, every traditional landlord is saying: 'How do I get the Street to view me more like WeWork?'.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Wework
2. ^ CrunchBase
   https://www.crunchbase.com/organization/wework