The We Company`s withdrawal of its initial public offering this week came as little surprise to even the most casual business news follower.
After splashing onto Wall Street with its first publicly disclosed financial prospectus on Aug. 14, the coworking company previously valued at $47B quickly saw both its reputation and the likelihood of a successful IPO tank.
Questions and criticism arose about everything from CEO Adam Neumann`s compensation package to the company`s attempt to trademark the word "we," and WeWork took withering fire from analysts and suffered behind-the-scenes leaks about a culture that burned through $2.6B last year alone. ......more
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- - Volume: 7 - WEEK: 41 Date: 12/3/2021 6:11:39 PM -