Скачать или смотреть WeWork - The 47 Billion Dollar Fraud

2019: WeWork valued at $47 billion, about to IPO, founder Adam Neumann set to become one of America's richest men.

2023: Bankrupt. Investors lost $40 billion. Neumann walked away with $1.7 billion.

This is the WeWork fraud—how a real estate company convinced Silicon Valley it was a tech unicorn, and how the biggest startup scam in history collapsed.

*The Scam:*
WeWork's pitch: "We're not real estate, we're tech transforming how people work." Coworking spaces with beer and ping pong = "the future of work." SoftBank alone invested $10 billion.

*The Reality:*
The business model was garbage. Long-term leases (10-15 years), short-term sublets (month-to-month). High risk real estate arbitrage disguised as innovation. 2018: Lost $1.9B on $1.8B revenue. Lost MORE than they made.

*Neumann's Grift:*
Owned buildings, leased them to WeWork (paid himself rent with investor money)
Trademarked "We," charged WeWork $6M to use it
$700M in personal loans using WeWork stock as collateral
Wife as Chief Brand Officer (qualification: married to Adam)
Super voting shares = total control, zero accountability

*The Collapse:*
September 2019 IPO filing exposed everything. Valuation crashed: $47B → $20B → $10B → $8B in weeks. IPO pulled. Neumann forced out with $1.7B golden parachute. SoftBank bailout failed. 2023: Bankruptcy.

The lesson? Silicon Valley gave $47 billion to a man who charged his own company for the word "We." That's not disruption. That's fraud.

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