WeWork's 2019 crisis saw its valuation fall from $47 billion to about $8 billion amid concerns over large losses, the sustainability of its business model and its governance.

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 9: ARE UNICORNS REALLY WHITE? Valuation Gamification

"WeWork’s 2019 crisis saw its valuation fall from $47 billion to about $8 billion amid concerns over large losses, the sustainability of its business model and its governance."

Reuters reported that a January financing had valued WeWork at $47 billion while an October rescue proposal valued it around $8 billion after investors questioned losses, sustainability and governance.

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Source title SoftBank's WeWork financing would lead to Adam Neumann's exit - sources

Source authors Reuters

Source year 2019

Confidence high

Importance high