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What Went Wrong with WeWork?
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Muskan Vasal
Student at Jindal Global Law School, India
Abstract
WeWork, Silicon Valley’s overly revered, supremely pampered and extensively lauded blue-eyed boy turned out not to be as ‘Revolutionary’ as earlier thought but in-fact emerged to be a catastrophic fiasco. It was the picture-perfect start-up, with a blissful amalgamation of party-like work culture, heavy cash investments, unbelievably high valuation, and a celebrity CEO; WeWork was said to be ‘The next big thing’ and was expected to soar above and beyond. However, the veil of falsity masking the company’s internal troubles was lifted to showcase its true nature driving the utopian unicorn bubble to burst, crashing its $47 billion dollar valuation to just $2.9 billion.
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 7, Issue 4, Page 241 - 247
DOI: https://doij.org/10.10000/IJLMH.117997Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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