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What are the key events in the 'We Crashed' real story?

2024-10-26 16:10
2024-10-26 18:16

In the 'We Crashed' real story, the initial hype around WeWork was a big event. They managed to create this image of a revolutionary company. But then, the discovery of their shaky financial foundation was crucial. Their attempt to go public and the subsequent failure was a huge turning point. This led to a lot of scrutiny and ultimately the downfall. And of course, the leadership changes that followed were also important events in this whole saga.

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One key event was the rapid expansion of WeWork. They were opening locations all over the world at a breakneck speed. Another was the over - inflated valuation which became a problem when reality set in. Also, the ousting of Adam Neumann was a significant event as it signaled the start of the real troubles for the company.

Well, first of all, the founding of WeWork and its early growth were key. They were able to attract a large number of customers and investors. However, as they grew, they started making some risky moves. Their decision to lease large amounts of office space without guaranteed long - term occupancy was a big issue. When they tried to go public, the financial details that emerged showed a company that was not as profitable as they claimed. This led to a loss of investor confidence, and eventually, the company faced a major crash. There were also internal power struggles and management changes during this process that added to the chaos.

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1 answer
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1 answer
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1 answer
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