WeWork, Wall Street’s latest darling, and its initial public offering, continued to crash and burn after its founder, Adam Neumann, stepped down on Tuesday, pressured by shareholders.

Neumann, the long-haired, leather-jacket wearing, tequila-loving Israeli, had once envisioned riding the skyrocketing popularity of WeWork to the end of the line with a more than multi-billion dollar valuation when it was listed, but his dreams crash-landed after the company took a massive valuation haircut.

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