WeWork’s Adam Neumann Steps Down as CEO

Post by [deleted] » Tue, Sep 24, 2019, 9:35 PM UTC

hobofan wrote: post #271

jamestimmins wrote: post #28

I get the impression that SoftBank learned the wrong lesson from Uber. While Uber also raised billions of dollars and had a CEO get forced out by investors, it was broadly understood that his sin was creating a toxic/sexist culture. It wasn't related to business fundamentals, per se. WeWork's sins were less of rampant sexism, and more closely related to an unreasonable valuation and a business that wasn't prepared fo…

> it was broadly understood that his sin was creating a toxic/sexist culture. It wasn't related to business fundamentals, per se. So it had nothing to do with: - General disregard for regulation - Blocking regulators from the plaform via Greyball - Corporate espionage - Waymo vs. Uber From my impression at the time he was forced out primarily because of actions like those last two (only few of many), because they hav…

Post by edm0nd » Tue, Sep 24, 2019, 9:37 PM UTC

jonknee wrote: post #36

whoisjuan wrote: post #34

This is some dense shit. I can't imagine how working for WeWork feels like, right now. I have worked for companies where all the employees were eagerly waiting for the day the company will go public. It was seen as a pivotal moment both financially and professionally. In any rational world that's a landmark moment. A significant milestone for founders, investors and early employees. For WeWork it has been the complet…

WeWork has been an obvious fuckup to even casual observers for years, if people inside the company couldn't see this I really don't know what to say.

Post by pjc50 » Tue, Sep 24, 2019, 9:39 PM UTC

chid wrote: post #295

lpellis wrote: post #286

Earlier quoted context omitted.

Hackernews is skeptical of many things though, sometimes hard to filter through the noise.

What are some examples where HN is too skeptical? I find that it's a good filter to view "news"

Post by alainchabat » Tue, Sep 24, 2019, 9:40 PM UTC

codesushi42 wrote: post #168

ngngngng wrote: post #17

I'm so glad I read hacker news. I almost took a job at WeWork just 2 months ago with a recruiter working very hard to convince me I'd be rich when they IPO. Now I'm at a much smaller startup called Weave which is a really phenomenal place to work. I didn't discover until recently that it's also a YCombinator company. edit: to clarify, hacker news has been extremely skeptical of WeWork for some time, due to this, I wa…

Same here, and only by reading the headlines. A WeWork recruiter reached out to me. I laughed out loud and added it to the list of companies I would never work for. Not only do they do nothing interesting, but they are apparently unethical as well. No doubt another failed tech bro pump 'n dump scheme headed to the dustbin of history.

Post by scott_s » Tue, Sep 24, 2019, 9:43 PM UTC

fuzz4lyfe wrote: post #318

jakoblorz wrote: post #301

Earlier quoted context omitted.

But that doesn’t prevent small companies to just take the risk. And by doing so, they are as efficient as WeWork and compete on the same level. What counts is the product and that is the same from the small and big company.

In fact small firms may be more efficient. If they make a bad bet on some real estate they fold while WeWork has to spread that cost to all of its users and keep on moving.