The shared-office provider, once valued at a lofty $47 bln, has abandoned its IPO and ditched its loopy leader. Yet even a slowed-down WeWork will still burn cash. A new Breakingviews e-book recaps the company’s rise and fall, and explores the consequences.
Equities look overvalued, economies are slowing, and the world’s two biggest economies are at loggerheads. In 2019 there will be high flyers, high jinks, and more people getting high. But there are too many high-stakes situations for there not to be plenty more left high and dry. Read online or download the PDF.