WeWork opened 400 locations in 3 years. In some cases, it used deep discounts to convince existing customers to relocate to help fill them.
WeWork discloses occupancy levels only for new buildings. To help fill them up, it offered promotions to members in its older buildings, sources told us.
Troy Wolverton,Alex Nicoll,Meghan Morris | WeWork discloses occupancy levels only for new buildings. To help fill them up, it offered promotions to members in its older buildings, sources told us.
Bradley Saacks | AQR has a $104 million bet against one-time unicorn Adyen and a $71 million short position in French payments company Worldline, according to Breakout Point.
Marley Jay | The CIO of the Florida State Board of Administration says enterprise tech companies are investors' best shot at benefiting from economic growth.
Joe Williams | New privacy laws in California and Europe, along with efforts to use artificial intelligence, are forcing companies to take stock of their data.
Meghan Morris,Julie Bort | WeWork employees were lured in by a nonstop party and the promise of a big payday. Then they saw some sobering signs of trouble.
Drake Baer | Adam Neumann's fall is seen as a business story, but it's a tale of social psychology. This is why startups are, in many meaningful senses, cults.
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