WeWork, and the Problem with High Valuations in Tech

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.

Read the full article here.

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