John White

WeWork Withdraws IPO After Valuation Collapses from $47 Billion to $10 Billion, Exposing Massive Corporate Governance Failure

2019-09-30 00:00:00 +0000 UTC | Importance: 8/10

WeWork formally withdraws its S-1 filing and postpones its IPO after investor scrutiny reveals catastrophic governance failures and self-dealing by CEO Adam Neumann. The company’s valuation collapses from $47 billion (January 2019) to under $10 billion in months. The SEC investigation reveals …

Adam Neumann WeWork Securities and Exchange Commission (SEC) SoftBank John White +1 more fraud regulatory-capture corporate-governance sec revolving-door +2 more