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WeWork: or The Making and Breaking of a $47 Billion Unicorn

And we index and crawlpublic information from the Web

And we index and crawl
public information from the Web

Full Transcript

00:00:01.000 --> 00:00:05.856
And we index and crawl public information from the Web.
Duration
6 seconds
Views
28
Timestamp in Movie
01:07:57
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.
Our bots just happened to add WeWork into our list of companies, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:11
Our bots just happened to add WeWork into our list of compan...
WeWork painted themselves as this company that was growing extremely fast, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:11
WeWork painted themselves as this company that was growing e...
But using data on the public Web, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:10
But using data on the public Web,
And we did see that the churn rate had increased - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:07
And we did see that the churn rate had increased
The other trend we found was - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:07
The other trend we found was
When you call yourselves a technology company, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:13
When you call yourselves a technology company,
[keying on keyboard] - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:07
[keying on keyboard]
Then, about three hours later, WeWork sent us an email - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:10
Then, about three hours later, WeWork sent us an email
And then the community manager stopped by to our office. - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:07
And then the community manager stopped by to our office.
And she says, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:18
And she says,
SCOTT:I first read about WeWork when they raised money on SoftBank, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:09
SCOTT:I first read about WeWork when they raised money on So...
And at that point they had about 200 locations. - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:04
And at that point they had about 200 locations.
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...