the staff of the Ridgewood blog
Ridgewood NJ, WeWork co-founder Adam Neumann, who was ousted in 2019, is attempting to buy the company out of bankruptcy. WeWork was once valued at $47 billion. It filed for bankruptcy last November, listing debts of over $18.6 billion at the time of filing. Neumann’s current venture, Flow, is a residential real estate outfit focused on rentals. Flow received a $350 million investment from a16z in August 2022.
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Ha. Who is laughing now!
We work may be a good concept if a company does not want to buy or lease office space, however many companies who bought space will use that. Lots of people also do remote work or a hybrid approach of a few days in and one or more working from home. We work CEO made a comment that anyone who works from home is an unmotivated employee which can not be further from the truth.