“As of Monday, with shares trading at $0.47 and a market cap of $345.7 million, the company has lost some $46.7 billion in value over four years”
WeWork went from a $47 billion valuation to $345.7 million and a NYSE delisting warning. SoftBank’s Vision Fund holds 62% and eats most of the loss. Adam Neumann still owns over 68 million shares and already raised $350 million from Andreessen Horowitz for his next company, the firm’s biggest check ever. The founder who burned the money got a bigger check than the people he burned it for.