WeWork is an American real estate🏢 company that designs and builds shared workspaces for entrepreneurs and companies particularly technology startups.

It also provides services👨‍💼 to other enterprises.

It is headquartered in New York City.


WeWork was co-founded🌱 by Adam Neumann and Miguel McKelvey in 2010.

After starting with just two locations the company made steady and impressive growth📈 and reached up to 178 locations in 18 countries in 2017.

In August 2017 WeWork got a massive $4.4 billion funding💰 from Japanese giant SoftBank which took its valuation to $20 billion.

Later that year🗓WeWork started its operations in China and South-East Asia.

In 2018, WeWork had about 47 million sq. feet of space😎 with it.

In Jan. 2019, the company decided to change the legal name☝ of WeWork to We Company.

‘Going gets tough’

We Work’s valuation zoomed up😳 to $47 billion when SoftBank invested a further $2 billion in it in January.

Being high on confidence✊, WeWork planned an Initial Public Offer (IPO) in September, but it had to be postponed after investors raised questions🗣 over the company’s worth.

They also had concerns🤔 about the company’s governance.

Due to this backlash, Adam Neumann decided to step down🤷♂ as CEO of the company earlier this week.

We Work’s current valuation is now down⤵ to just $10-12 billion.