WeWork — excuse me, The We Company — has been successfully posing as a tech company for years. Its IPO filing shows it’s a real estate company while also revealing some absolutely wild financial transactions. I cannot wait to see what the Securities and Exchange Commission has to say about loaning your founder, CEO, and controlling shareholder money while also paying him rent.
https://www.theverge.com/2019/8/15/20806366/we-company-wework-ipo-adam-neumann
* it’s worth reading in full * the neon lights * Is it… lasers * The Wing * Recode points out * SoftBank’s latest funding round * Recode helpfully tells us * The Wall Street Journal reported in January * The Wall Street Journal reported * according to Bloomberg * Bloomberg’s Shira Ovide * Business Insider * Axios * filed for IPO in December * Shira Ovide at Bloomberg points out * according to CNBC * her biography on WeGrow * according to a 2016 Fast Company profile * wrote in a Bloomberg profile last year * The New York Times * The Wall Street Journal reported * Bloomberg’s Ellen Huet reports