WeWorks

WeWork’s Conductor To Keep Its Plan To Spin Off From Parent 10/01/2019

Reports suggest The We Company will try to sell three companies it had acquired in the last few years that handle office cleaning services and group meetups, but a source familiar with the matter says other plans are in the works for the one offering marketing services. Conductor, which WeWork bought in March 2018 for …

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News Analysis: WeWork’s biggest problem? It had too much money

In early 2017, Japanese billionaire Masayoshi Son gave Adam Neumann the kind of advice no entrepreneur can afford to ignore. Son’s investment firm, Softbank, was on the verge of pumping more than $4 billion into Neumann’s office subleasing start-up, WeWork, at a $20-billion valuation — making it one of the world’s most valuable private companies, …

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WeWork’s new CEOs want to sell off 3 of its businesses as the company looks to cut costs

WeWork wants to sell three of the companies it has acquired since 2017, The Information first reported on Wednesday. A source familiar with the situation confirmed to Business Insider that WeWork was looking to offload three businesses: Managed by Q, Conductor, and Meetup. WeWork is putting the three companies up for sale as its new …

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WeWork’s Adam Neumann said Jamie Dimon was his ‘personal banker’

In a new report from Vanity Fair’s Gabriel Sherman on Monday, sources claimed WeWork cofounder and CEO Adam Neumann said Jamie Dimon, the CEO of JPMorgan Chase, was his “personal banker.” Neumann also claimed that Dimon, one of the biggest names in the financial world, would leave the institution to run Neumann family’s personal investment …

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Surfing, Schools and Jets: WeWork’s Bets Follow CEO Adam Neumann’s Passions

WeWork Cos. chief Adam Neumann, an avid surfer, took the company jet to Hawaii over the December holidays and hit the waves with a surfing legend he admires, Laird Hamilton. Mr. Neumann’s office-space giant had weeks earlier struck a deal with Mr. Hamilton, and announced in January that it led a $32 million investment in …

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