WeWork’s CEO explains why he thinks his $47 billion company is recession proof, and how he keeps his ego in check as a young billionaire
|05/15/2019||Posted by BusinessMediaguide.Com under General World News||
- Adam Neumann, 40, is the cofounder and CEO of WeWork, the global coworking space company valued at $47 billion.
- WeWork, under its umbrella the We Company, filed for an IPO last December. Analysts are concerned with last year’s $1.8 billion in revenue compared to its $1.9 billion in losses.
- Neumann told Business Insider that WeWork is capable of being profitable, but is choosing to invest in rapid global expansion. He said that it is well-positioned for a potential economic downturn in the US, and that he will no longer personally lease properties to WeWork.
- He argued that last year’s $6 billion read more >>>