WeWork's had a terrible month â here's everything that has happened since the embattled company filed to go public
WeWork's original plan to go public collapsed this month after intense scrutiny and lacking investor interest threatened the company's ability to raise the $3 billion necessary to access its $6 billion credit line.
Since the company publicly filed its IPO paperwork in August, WeWork's spiraling losses, corporate governance, and the behavior and business dealings of its eccentric CEO have been increasingly criticized, eventually leading it to shelve its plan to go public until at least October.
Top staffers continue to pour out of the company. CEO and cofounder Adam Neumann was criticized for potential conflicts of interest after filings revealed that he owned buildings used by WeWork spaces and rented them back to the company, and also paid himself for the trademark rights to the word "We."
This past month, arguably the worst in its history, has seen the company scramble to make changes in an attempt to reclaim investor interest and salvage its IPO. Now, WeWork's largest outside investor is pushing the board to consider removing Neumann as CEO. To bring you up to speed, here's everything that happened at WeWork since its publicly filed its paperwork to go public.
