WeWork's stomach-turning roller coaster ride
Welcome to this week's edition of Trending, the weekly newsletter highlighting the best of BI Prime's tech coverage. I'm Alexei Oreskovic, Business Insider's West Coast Bureau Chief and Global Tech Editor.
If you're anything like me, you're in split-screen mode these days, monitoring the impeachment inquiry and the WeWork debacle at the same time. I've got plenty of updates for you on the latter, but before we get started, a quick reminder toThis week: WeWork's stomach-turning rollercoaster Not long ago, WeWork was known for parties so wild that the sight of vomiting employees was as common as the "hustle harder" signs in its co-working spaces.
If any WeWork employees are feeling nauseated today though it's probably from the emotional roller coaster of the past week.crashed into a wall of austerity . The corporate jet is on the auction block, acquisitions are being spun off, and the IPO has been somberly put on the shelf, right next to the $140-a-bottle tequila that founder Adam Neumann once poured so freely.
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WeWork property defaults may be next after failed IPO, says mega-developer Don PeeblesPeebles says, 'Anyone looking at a building that has got significant WeWork occupancy has got to be very concerned.'
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WeWork is reportedly considering selling its stake in women's coworking space The WingWeWork reported in its IPO filing in August that it owns 23% of The Wing — that percentage was worth over $58.8 million as of June 2019.
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How WeWork could impact the real estate marketCNBC's Robert Frank reports from one building that is co-owned by former WeWork CEO Adam Neumann. The building is up for sale and could give a good idea of the risk it could pose to the real estate market.
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WeWork pulls IPO filingWeWork has announced it will withdraw its S-1 filing as it seeks to postpone its highly anticipated initial public offering.
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WeWork IPO failure a critical signal for markets: Morgan StanleyWeWork's failure to go public is a critical turning point for markets that ...
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Fitch downgrades WeWork after aborted IPO leaves financing holeGlobal credit rating agency Fitch Ratings on Tuesday downgraded WeWork's cr...
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