WeWork’s tanking IPO

WeWork has tried to justify its valuation by saying it’s a tech company, but most investors think it’s a real estate company. At its core, WeWork is a landlord

WeWork has delayed its hotly anticipated IPO after investors questioned its valuation, business model, and CEO Adam Neumann’s role in the company. The co-working company was valued as high as $47 billion, though many don’t agree with that number.

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