For nearly nine years, WeWork, the New York City-based co-working startup enjoyed a dream run in the global real estate market. Then, just weeks ago, came the news that shocked the world – a sudden implosion that saw the company previously estimated to be worth $47 billion reduced to a mere $7 billion.
WeWork’s sudden, unexpected failure is the biggest of its kind in the entire history of startups and most certainly warrants a closer look.
So, let’s have a look at WeWork’s vision first and then we will find out what is making the startup drowning.
