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But WeWork was growing so fast that it was being valued
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WeWork: or The Making and Breaking of a $47 Billion Unicorn

But WeWork was growingso fast that it was being valued by investors as an ultrafast...

But WeWork was growing
so fast that it was being valued by investors as an ultrafast growth, low-overhead technology company

Full Transcript

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But WeWork was growing so fast that it was being valued
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by investors as an ultrafast growth,
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low-overhead technology company.
Duration
12 seconds
Views
21
Timestamp in Movie
01:06:43
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.
LISA:They created this sort of Facebook-type platform for members - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:09
LISA:They created this sort of Facebook-type platform for me...
DON:WeWork has what's like its internal LinkedIn, I call it, right? - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:05
DON:WeWork has what's like its internal LinkedIn, I cal...
- Adam was often saying, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:17
- Adam was often saying,
We're using our video cameras to actually see where interactions are happening. - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:04
We're using our video cameras to actually see where int...
And our entire process is built to make our members more successful. - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:06
And our entire process is built to make our members more suc...
ALEX:The cynical read, of course, is, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:09
ALEX:The cynical read, of course, is,
But I think that, you know, when companies are private, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:09
But I think that, you know, when companies are private,
And we index and crawl public information from the Web. - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:06
And we index and crawl public information from the Web.
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.