After rapid drop in valuation, WeWork had to shelve its IPO indefinitely, amidst layoff considerations and the eventual resignation of the maverick Adam Neumann as CEO.
The primary reason was WeWork’s attempt at trying to portray itself as a tech company when its fundamentals were completely real-estate.
Commercial Real estate expenses can kill finances and can become a liability of a lifetime if not planned well.
Commercial Real estate expenses can kill finances and can become a liability of a lifetime if not planned well.
: Real estate fundamentals revolve around the location and this industry is going to survive basis the kind of location the player chooses. | To read full story, visit https://startuparound.com/read/1582452006.7988925/What-WeWork’s-IPO-Failure-Highlights:-Valuation-Vs-Market-Perception?ref=audio_experience