WeWork

2022 - 3 - 19

WeCrashed

What really happened to WeWork (unknown)

The release of 'WeCrashed', a new Apple TV+ miniseries starring Anne Hathaway and Jared Leto, has once again reignited the conversation on the spectacular ...

In the third episode, the series shows that WeWork lacked an HR department for a significant amount of time and offered employees stock options in lieu of a proper salary. They are product in part of the entitled, frat-boy culture that permeates WeWork from the top down.” In years before the scuttled IPO, Neumann purchased at least five homes, including a $10.5 million Greenwich Village townhouse and a $60 million Gulfstream jet for WeWork. More troubling was the fact that Neumann reportedly took personal loans from the company at below-market rates to fund his lavish lifestyle. As WeWork slid towards bankruptcy, story after story that blamed the company’s “questionable work culture” began to emerge. One of these stories was that Neumann made millions of dollars by leasing multiple properties in which he has an ownership stake back to WeWork, The Wall Street Journal reported. Neon-pink signs in its offices read: ‘DO WHAT YOU LOVE’. Neumann was always eager to “sell an experience”, which made the company turn into a real-estate behemoth, that spanned across 800 locations with more than 12,000 employees. Buoyed by its initial successes, the company started “blitzscaling”, acquiring office spaces in multiple cities and growing rapidly, thanks to a massive infusion of $8 billion from SoftBank, which was its biggest investor. He was reportedly offered a $1.7-billion package to leave the company. On August 14 that year, the company publicly filed documents for IPO. The filing, called an S-1, exposed WeWork’s narrative of being a grand success story riding on unimaginable profit. Despite these failures, WeWork was the most valued tech start-up in the US, with a stratospheric $47 billion valuation. In fact, it was Neumann’s knack for amassing billions of dollars in venture capital that fuelled the company’s rapid growth. The story of how WeWork imploded has always been too alluring for authors and scriptwriters to ignore.

Adam Neumann Departed WeWork With a Scandal—And Billions of Dollars (unknown)

Apple TV+'s new series 'WeCrashed' starring Jared Leto as the ousted CEO tells the true story of his rise and fall.

According to Forbes, Neumann had planned to relaunch the school, which counted both yoga and entrepreneurship as core parts of its curriculum, as Student of Life For Life (SOLFL, pronounced “soulful”). Though the school has a website and an Instagram page, it does not appear to have reopened in any capacity. When WeWork finally did IPO in October of 2021, Adam Neumann threw a party—not funded by or affiliated with the company—for more than 100 early employees at the Standard Hotel in New York’s meatpacking district. “The irony is not lost on the fact that they are inviting former employees who got no money from the company they nearly destroyed, and in some cases, some who were laid off after the last IPO attempt,” an insider told the New York Post. “And it is day drinking just like the olden days at WeWork.” In September of 2019, after the company decided to delay its IPO, the board of WeWork forced Neumann to step down as CEO. “Since the announcement of our I. P.O., too much of the focus has been placed on me,” Neumann wrote in a note to employees at the time. After he stepped down, he and his wife Rebekah Paltrow Neumann spent some time in Israel (where Adam is originally from) to stay out of the public eye. Looking out over his legion of WeWork employees in the third episode of AppleTV+’s WeCrashed, founder and CEO Adam Neumann (played by Jared Leto) leads his team in a call and response chant: We! Work! We! Work! before they all take tequila shots.

What Happened to WeWork's Adam and Rebekah Neumann? (unknown)

Apple TV+'s WeCrashed takes viewers on a wild, fictionalized ride through the rise and fall of the office space startup WeWork. In the series, Jared Leto ...

Basically, if you ever dreamed of living at WeWork, you may be able to do just that if these rumors turn out to be true.As for the state of the couple's marriage, a source told the New York Post, "Adam and Rebekah are devoted to one another and devoted to those kids. The New York Times describes Adam as "a towering, hard-partying Israeli with long hair and a penchant for leather jackets and tequila." Despite a tumultuous time in business, it sounds as though Adam and Rebekah remain devoted to one another and their children. You may be able to find more information about this and similar content at piano.io New York Post reporter Theo Wayt shared on Twitter that Adam was wearing the shirt at WeWork's SPAC day party, and reportedly told attendees, "A brand without a past does not have a future." The publication also notes that, as WeWork's CEO, he became accustomed to a "lavish lifestyle," which involved regular trips on private jets, living in luxury homes, and the freedom to "fund his pet projects" on a whim. Apple TV+'s WeCrashed takes viewers on a wild, fictionalized ride through the rise and fall of the office space startup WeWork. In the series, Jared Leto plays Adam Neumann, the enigmatic co-founder and former CEO of WeWork, which was at one time thought to be valued at $47 billion. While Adam has remained fairly quiet about what he's planning to do post-WeWork, his real estate holdings might point to the answer.What is Rebekah Neumann doing post-WeWork?Along with being WeWork's chief brand and impact officer, Rebekah was responsible for founding WeGrow, a school housed in WeWork's Chelsea location. “A brand without a past does not have a future,” Adam tells attendees, who are pounding champagne on a Thursday morning. In October 2019, it was announced that WeWork's fledgling school would be shuttering after the 2019-2020 school year, per HuffPost. As the school's CEO, Rebekah was left without a job. As of January 2022, The Wall Street Journal reports, "Entities tied to Mr. Neumann have been quietly acquiring majority stakes in more than 4,000 apartments valued at more than $1 billion in Miami, Atlanta, Nashville, Tenn., Fort Lauderdale, Fla., and other U.S. cities." It would seem that Rebekah's plans for SOLFL might be quietly moving forward, though, as her husband was photographed wearing a "Student for Life" shirt in October 2021.

Jared Leto and Anne Hathaway recreate WeWork rise and fall (unknown)

NEW YORK | When Jared Leto last appeared in a TV series it was 1995 and he played Claire Danes' high school crush, Jordan Catalano, in ABC's “My So-Called ...

“I just don’t want to drag anybody. I don’t want to humiliate anybody. She wanted to take a holistic approach to education and also teach its students (who were as young as 2) to be young entrepreneurs. I think it’s really fascinating to work that way and rewarding. I mean, really, method was used to describe a certain school of acting — a certain approach — but it’s become the default word to describe extreme approaches to acting or something that people think is weird. I love immersive work, I love to dive deep with character.

WeWork’s Adam and Rebekah Neumann (unknown)

In honor of Apple TV+'s WeCrashed, we look back at the couple's absurd extravagances and requests—private waterfall and $60 million private jet included.

In spite of this behavior, WeWork’s board approved Adam’s decision to purchase a Gulfstream G650ER that cost roughly $60 million. Living forever, among other wildly lofty goals: As Brown wrote for The Wall Street Journal, at least three people heard Adam discuss his dream about achieving immortality. A more infamous story: After a Gulfstream jet carrying Adam and his entourage arrived in Israel in 2018, the crew reportedly discovered a cereal box containing marijuana.

What the New WeWork Show Gets Right and Wrong (unknown)

Jared Leto plays the megalomaniacal co-working visionary Adam Neumann, and Anne Hathaway plays his actress-yogi-spiritualist wife Rebekah Neumann in “WeCrashed, ...

Post cover — Image courtesy of "ELLE.com"

Who Is Rebekah Neumann From <i>WeCrashed</i> and Where Is ... (ELLE.com)

The epic rise-and-fall of co-sharing space WeWork, its founder Adam Neumann, and his wife Rebekah Neumann, is being told as a six-episode series on Apple TV ...

In January of 2022, Adam announced he was going into real estate. An injection of her money allowed WeWork to rent their first office space and she was eventually named the “chief brand and impact officer,” though she supposedly never received a salary, according to the company's IPO filing in 2019. He also got a $1.7 billion payout and received $50 million more from a settlement in 2021. She was also named CEO of WeGrow in 2017, the company's educational arm. Her degree is from Cornell University, where she double majored in business and Buddhism, then went on to attend Salomon Smith Barney's Sales and Trading Program. But the company couldn't meet expectations and its value dipped astronomically by 2019.