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NOTEBOOK – One Good Read:Can WeWork survive?


WeWork CEO Adam Neumann is out and Fast Company asks, “Can WeWork Survive?” Neumann, who remains non-executive chairman and We’s largest individual shareholder, told employees in an all-staff memo Tuesday that “our business has never been stronger, but since the announcement of our IPO, too much of the focus has been placed on me.” Neumann’s departure was welcomed among Investors, rivals and many employees. “Enough of this ‘saving the world business,’” says Santosh Rao, who covers pre-IPO startups as head of research at Manhattan Venture Partners — making reference to Neumann’s stated ambition that We’s mission has been to elevate the world’s consciousness. “Investors are saying, ‘Show me the money.’”

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