- WeWork pulled its IPO in 2019 after mulling a massive valuation cut
to drum up investor interest, and cofounder Adam Neumann was ousted as
CEO and chairman. WeWork has been slashing jobs and selling or
shuttering businesses.
- On Saturday, WeWork announced
real-estate veteran Sandeep Mathrani as its new CEO, replacing Artie
Minson and Sebastian Gunningham, who served as co-CEOs since Neumann was
ousted.
- Marcelo Claure will stay on as chairman, according to The Wall Street Journal, which first broke the news of Mathrani`s appointment.
- Here`s how we got here, and what`s next for WeWork after it nabbed a lifeline from SoftBank.
...
...more RSK: Wow! Anything and everything you wanted to know about WeWork that might even send the stock market plunging. It is possible...
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