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And at that point they had about 200 locations
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WeWork: or The Making and Breaking of a $47 Billion Unicorn

And at that point they hadabout 200 locations

And at that point they had
about 200 locations

Full Transcript

00:00:01.000 --> 00:00:04.353
And at that point they had about 200 locations.
Duration
4 seconds
Views
29
Timestamp in Movie
01:09:47
Uploaded
May 10, 2025
Genres
documentary
Production
Campfire Studios,Olive Hill Media,Forbes Entertainment

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Movie Summary

An account of the six-week death spiral that brought down the company's IPO, a behind-the-scenes look at WeWork's frat-boy culture.
I went through and looked at the buildings - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:06
I went through and looked at the buildings
And I determined at that valuation - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:11
And I determined at that valuation
And I said that WeWork was the most overvalued private company in the world. - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:07
And I said that WeWork was the most overvalued private compa...
ALEX:Adam Neumann told us repeatedly that WeWork was profitable. - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:07
ALEX:Adam Neumann told us repeatedly that WeWork was profita...
We've since found out - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:10
We've since found out
Because when you have a 40% business, when you have a margin, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:07
Because when you have a 40% business, when you have a margin...
- We like to hover around an EBITDA, a break even, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:07
- We like to hover around an EBITDA, a break even,
Right now we're in a very high-growth stage of our business, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:08
Right now we're in a very high-growth stage of our busi...
- So EBITDA-- - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:09
- So EBITDA--
But WeWork started inventing their own financial metrics - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:24
But WeWork started inventing their own financial metrics
So suddenly they went from a loss-making company - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:11
So suddenly they went from a loss-making company
Every year WeWork would project profits, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:11
Every year WeWork would project profits,
Yet investors in the private markets kept on bidding up the price of WeWork. - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:07
Yet investors in the private markets kept on bidding up the ...
And I mean that more than anything else speaks to the gifts of Adam Neumann. - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:05
And I mean that more than anything else speaks to the gifts ...
- It is my honor and pleasure to introduce to you right now - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:08
- It is my honor and pleasure to introduce to you right now
LIRON:I was proud to see the events continue to grow. - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:05
LIRON:I was proud to see the events continue to grow.
There's so much money behind us that nothing can happen, right? - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:06
There's so much money behind us that nothing can happen...
[audience applauding] - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:10
[audience applauding]
I think that's where I started to lose my creative juices for the company. - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:07
I think that's where I started to lose my creative juic...
QUINTON:After my first summer camp, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:05
QUINTON:After my first summer camp,