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How WeWork Went From $47 billion Startup to Bankruptcy

WeWork, once valued at $47 billion, failed due to financial troubles, leadership issues, and extravagant spending, leading to its bankruptcy in 2021.

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WeWork, once valued at $47 billion, filed for bankruptcy after a meteoric rise and fall. Founded in 2010, it thrived in the post-financial crisis era, securing massive funding, yet failed to generate profits. The company faced issues with leadership, extravagant spending, and questionable business dealings, eventually leading to its downfall. WeWork's bankruptcy in 2021 marked the end of an ambitious yet unsustainable venture.

Vocabulary:

• Reversal: changing something to its opposite.

• Poster child: a person or thing seen as the perfect example of something in particular.

• Frenzy: a state of uncontrolled excitement or wild behavior experienced collectively by a group of people.

• Leasing: renting.

• Curate: to select, organize, and present items or content, such as information, or experiences, for a specific audience.

• Seized: took.

• Roster: list.

• Real estate: property consisting of land and buildings.

• Public offering, to go public: the process of offering shares of a private company to the public for the first time, allowing it to be traded on a stock exchange.

• Rake (verb): to obtain something, especially money, eagerly or in substantial amounts.

• IPO: Initial Public Offering, the first time a company's stock is offered to the public.

• Stakes: a share in a company.

• Quarter: a period of three months.

• Untenable: not able to be maintained or defended against criticism or objections, often used in the context of an argument or a situation that is not sustainable.

• Venture (noun): a new activity, usually in business, that involves risk or uncertainty.

Source: Wall Street Journal YouTube channel.

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