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The cult of We : WeWork, Adam Neumann, and the great startup delusion / Eliot Brown and Maureen Farrell.

Brown, Eliot, (author.). Farrell, Maureen, 1979- (author.).

Summary:
"The definitive inside story of WeWork, its audacious founder, and what its epic unraveling says about a financial system drunk on the elixir of Silicon Valley innovation-from the Wall Street Journal correspondents whose scoop-filled reporting hastened the company's downfall. WeWork would be worth $10 trillion, more than any other company in the world. It wasn't just an office space provider. It was a tech company-an AI startup, even. Its WeGrow schools and WeLive residences would revolutionize education and housing. One day, mused founder Adam Neumann, a Middle East peace accord would be signed in a WeWork. The company might help colonize Mars. And Neumann would become the world's first trillionaire. This was the vision of Neumann and his primary cheerleader, SoftBank's Masayoshi Son. In hindsight, their ambition for the company, whose primary business was subletting desks in slickly designed offices, seems like madness. Why did so many intelligent people-from venture capitalists to Wall Street elite-fall for the hype? And how did WeWork go so wrong? In little more than a decade, Neumann transformed himself from a struggling baby clothes salesman into the charismatic, hard-partying CEO of a company worth $47 billion-on paper. With his long hair and feel-good mantras, the six-foot-five Israeli transplant looked the part of a messianic truth teller. Investors swooned, and billions poured in. Neumann dined with the CEOs of JPMorgan and Goldman Sachs, entertaining a parade of power brokers desperate to get a slice of what he was selling: the country's most valuable startup, a once-in-a-lifetime opportunity and a generation-defining moment. Soon, however, WeWork was burning through cash faster than Neumann could bring it in. From his private jet, sometimes clouded with marijuana smoke, he scoured the globe for more capital. Then, as WeWork readied a Hail Mary IPO, it all fell apart. Nearly $40 billion of value vaporized in one of corporate America's most spectacular meltdowns. Peppered with eye-popping, never-before-reported details, The Cult of We is the gripping story of careless and often absurd people-and the financial system they have made"-- Provided by publisher.

Record details

  • ISBN: 9780593237113
  • ISBN: 0593237110
  • ISBN: 9780593239759
  • ISBN: 059323975X
  • Physical Description: xiii, 446 pages, 8 unnumbered pages of plates : color illustrations ; 25 cm
  • Edition: First edition.
  • Publisher: New York : Crown, an imprint of Random House, a division of Penguin Random House LLC, [2021]

Content descriptions

Bibliography, etc. Note:
Includes bibliographical references (pages 403-431) and index.
Subject: Neumann, Adam, 1979-
WeWork (Firm)
Business enterprises > United States > Finance > Case studies.
Genre: Case studies.

Available copies

  • 5 of 5 copies available at SPARK Libraries.

Holds

  • 0 current holds with 5 total copies.
Show Only Available Copies
Location Call Number / Copy Notes Barcode Shelving Location Status Due Date
Abington Community Library 333.33 BROWN (Text) 50687011719583 Adult Nonfiction Available -
Cambria County Library 333.33 B877c (Text) 85131001808071 CACM Non-Fiction Available -
Gettysburg Library 333.33 BROWN (Text) 35740635783293 Nonfiction Available -
Reading Public Library RPL - Main 333.33875 Bro (Text) 33223008697111 Non-fiction Available -
Allentown Public Library 333.33 BROW (Text) 34455006823617 Adult Nonfiction 2nd FL Available -


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