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

We've since found out that how Neumann and WeWorkwere considering themselves profitable...

We've since found out that how Neumann and WeWork
were considering themselves profitable was a stretch at best

Full Transcript

00:00:01.000 --> 00:00:02.185
We've since found out
00:00:02.209 --> 00:00:07.019
that how Neumann and WeWork were considering themselves profitable
00:00:07.214 --> 00:00:09.984
was a stretch at best.
Duration
10 seconds
Views
21
Timestamp in Movie
01:10:18
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.
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,
I sat down with one of the executives and explained to her that, - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:08
I sat down with one of the executives and explained to her t...
It's not for everybody, and please don't make me go again." - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:20
It's not for everybody, and please don't make me g...
So let's just close our eyes for one second. - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:05
So let's just close our eyes for one second.
DON:The way these events worked was that you would go - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:10
DON:The way these events worked was that you would go
And to make sure that people were actually attending... - WeWork: or The Making and Breaking of a $47 Billion Unicorn 00:06
And to make sure that people were actually attending...