The Freefall Moment When WeWork Turned Into WTF

EXCERPT

210827-brown-farrell-wework-tease_mrsekz — SOPA Images/Getty

In 2019, the company some had valued at more than $50 billion was ready for its IPO. But when Wall Street took a harder look, the wheels started coming off the bus.

Published Aug. 30 2021 4:47AM EDT

On Monday, September 16, Jen Berrent and Artie Minson met in the lobby of JPMorgan’s headquarters at 383 Madison. The two longtime Neumann deputies were due to meet with Mary Callahan Erdoes and Noah Wintroub soon, but they needed to get on the same page.

They sank into chairs in the...

Eliot Brown and Maureen Farrell

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The Freefall Moment When WeWork Turned Into WTF

In 2019, the company some had valued at more than $50 billion was ready for its IPO. But when Wall Street took a harder look, the wheels started coming off the bus.

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Eliot Brown and Maureen Farrell