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The other trend we found was
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WeWork: or The Making and Breaking of a $47 Billion Unicorn

The other trend we found was no one ever usedtheir internal social network

The other trend we found was no one ever used
their internal social network

Full Transcript

00:00:01.000 --> 00:00:03.019
The other trend we found was
00:00:03.043 --> 00:00:07.023
no one ever used their internal social network.
Duration
7 seconds
Views
34
Timestamp in Movie
01:08:37
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.
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...
- 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 ...