Nasty Pieces of WeWork
How financial naiveté torpedoed a mega-IPO
By Richard Beales
The shared-office outfit’s absurd $47 bln valuation wasn’t all that got exposed during a shambolic IPO attempt that led to SoftBank’s bailout. With any luck, founder worship, supervoting shares, weak governance, wacky missions and more will be knocked down a peg – or several.