The Spectacular Rise and Fall of WeWork

[@RickR69]

Vice should do one on the spectacular rise and fall of Vice.

[@URL-IRL]

hahaha

[@joshtheanalyst1461]

😂 Quite obvious really, they went from brave journalism to woke agenda driven drivel

[@n3wt]

I heard vice is going Bankrupt

[@Maxine1630]

That's a good one!!!😂😂😂😂😂

[@subtitlesonplease]

@@n3wt They’ve already declared bankruptcy

[@swedesam]

Cult leaders and gurus all have great talent at salesmanship.

[@ross-carlson]

Which is why a 34 time FELON is leading a political party. You know, the "law and order" party. What a joke.

[@sesspess]

well, they know their target client...their target audience...and they cater to their needs and desires, fears...and dreams...

[@NGCS-ej4lz]

Deep ties to Israeli American Oligarchs and Bankers don't hurt either.

[@MayorMcC666]

californication

[@tonyplaysthemambo]

They actually did a study and found that sociopaths are more likely to be executives at Fortune 500 companies than they are to be in jail for, say, like serial killing.

[@Grimmtht]

Very strange/inappropriate you were required as an employee to attend an alcohol fulled cochella festival.

[@Moodboard39]

a tactic

[@bravethomasyt]

"Make the world a better place" by essentially sub-letting office space. What a joke :D

[@orbitaljunkie]

Literally heard this at every tech company I've worked at, regardless of its 'product'. Nauseating industry

[@bravethomasyt]

@@orbitaljunkie I work in tech, and I've found that the few companies making an actual difference don't need to say they are.

[@aisha_nile]

Israeli brain🧠 works like that😂

[@bobbyboygaming2157]

@@aisha_nile Exactly, anybody else pitching this would get rejected immediately.

[@Moodboard39]

@@bobbyboygaming2157 what u even talking about? this white talk?>

[@GeorgeCruickshank]

Every clip of him talking gives off intense conman vibes, do people on Wall Street just not have this instinct?

[@nomadsam9512]

FOMO, investors don't want to miss out on the next big thing

[@GeorgeCruickshank]

@@nomadsam9512 I mean, sure, but there's just so much of him talking like "this is the future" and "we want to change the world" like it's a textbook script and they keep falling for it... makes me wanna go pitch an IPO 🤣🤣🤣

[@pampsuisselosangeles7145]

a total scammer🤡🤡🤡🤡

[@nomadsam9512]

@@GeorgeCruickshank I hear you but having lived in Silicon Valley for a number of years, friends in startups told me that most VCs won't even talk to you unless you pitch moonshots i.e. "change the world", "revolutionize the future" etc... to use a baseball analogy, they want homeruns not singles. sheer greed lol

[@GeorgeCruickshank]

@@nomadsam9512 well I'm sure that'll work out great for them in the end 🤣🤣🤣🤣

[@ilirlluka6789]

Omg "we all have superpowers, you have a superpower, and you have a superpower, and you have a superpower", that is so so cringe my spine is strangling the back of my stomach. Every time I hear that expression I am reminded of the emptiness behind the eyes of all CEOs and tech entrepreneurs.

[@DouglasMueller]

The line that drove me to the comments section.

[@annikarogov]

All I think of is the villain from the Incredibles. “When everybody’s super, nobody is.”

[@ModestMang]

You're an astronomical improbility do you know how rare that is? how unique special you are out of all the energies in the universe you can shape the world around you you create reality that is your supper power You can learn more by signing up to my courses for the low low price of 9.99 ❤ have a good day 😂

[@MrPacosTacoz]

Why is vice posting a 4 year old Bloomberg original?

[@VictorJoseph-lu2rs]

They are going bankrupt

[@dudeguybro]

@@VictorJoseph-lu2rs I miss the good ol' Vice days.

[@tony_lasagna]

This isn't Bloomberg's, this is a 4 year old Vice piece. They just share the same name.

[@n3wt]

Production companies are different then the releasing Agent

[@Utoko]

Ye I was thinking this would be an update, just a shitty repost.

[@1989Nihil]

WeWork is proof that not all investors are smart. Who the hell looked at WeWork's pitch of leasing property and then renting said leased property out to other companies, and thought this would be a money making machine? Also, since when it renting out office space con furniture a groundbreakingly new business model?

[@leafyveins4985]

What made you think that someone is smart because they're an investor? That's hilarious

[@firstsurugi5250]

Listening to that first woman talk about a failure like he was some glistening God, I just developed a hypothesis right now: education in corporate executive work has zero bearing on the base intellect of the people involved.

[@darylallen2485]

​​@@firstsurugi5250 Can you clear up one thing for my understanding? By, people involved, do you mean employees, customers or investors?

[@Mayrego]

​@darylallen2485 That's in reference to employees, in particular, people at an executive, decision making, level. Corporate.

[@Viathe11one]

The concept works but the execution is flawed

[@hagakuru]

Comes off as borderline being a cult with employees being cult members pushing the agenda of their messiah.

[@nychris2258]

So many companies are like that.

[@DetectiveTrupo203]

Yeah theres nothing borderline about it, thats exactly how it is. That description applies to Facebook and Twitter and Tesla and Theranos and Apple and hundreds of other start ups and tech companies.

[@yaredyoseph2909]

I recommend people to read the book " The Billon Dollar Loser" to get a good picture about how much WeWork was chaotic place to work at with zero innovation.

[@charmedkitten]

The moment he started speaking, it gave Fyre Festival vibes. Also, is this what Entertainment 720 was supposed to be on Parks N Rec😆

[@NightSentinel51]

Modern companies are no longer about having good to great products. It's all about selling an idea and brand. Always ask if X company is solving real issues or creating a problem and "solving it".

[@MathieuRouland]

I used to work at VICE FRANCE inside a wework office in Paris - they had to change their "free beer everyday" policy for "only on fridays" - we were savages

[@TomNook.]

Focus on the investors, how can such a shady guy keep getting so much funding?

[@TheWedabest]

They chose to believe him. It's that simple.

[@DetectiveTrupo203]

The same reason Theranos had hundreds of millions of dollars in investment from tons of wealthy powerful people. The number 1 thing driving investment is greed and fear of missing out. People that are millionaires want to be billionaires. They literally go to sleep dreaming about getting in on the ground floor of the next huge revolutionary company.

[@GarryBenson1]

You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[@Alexibawendi]

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $42,500 per week even though I barely trade myself.

[@RogerSingleton-zd5eg]

I'm favoured financially, Thank you Jesus $36,000 weekly profit regardless of how bad it gets on the economy.

[@BeckerGodfrey]

How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?

[@Alexibawendi]

Thanks to Mrs Maria Davis.

[@Alexibawendi]

She's a licensed broker here in the states

[@jeraldb2868]

As someone who lives and works in Silicon Valley, it amazed me how some (if not all) on Wall Street and Main Street called these clowns a 'Silicon Valley tech start-up'. They were not based in Silicon Valley and there was nothing 'tech' about what they did.

[@TomCook1993]

12:55 for those of you that are still confused about what Adam did it’s basically like this; your parents give you $10 to open a lemonade stand. That money is so you can buy lemons and sugar. But instead of doing that, you buy play-doh so you can play with it. That’s called defrauding investors. Your parents gave you that money expecting you to spend it on the things you needed to open a lemonade stand.

[@TomCook1993]

@@CR-rm4iy k, and?

[@StreetPhilosophyTV]

Kudos to Vice for having the cojones to use the exact same title as a Bloomberg video

[@LUCKYMONKEY230]

that's dark indeed

[@pampsuisselosangeles7145]

[@nychris2258]

This was from 2020. What year was the Bloomberg piece from?

[@michaelwtapp]

If you do a youtube search there are like 4 or 5 videos with the exact same title from big orgs

[@MrPacosTacoz]

@@michaelwtapp Mubadala Capital (the government of Abu Dhabi) owns Fortress Investment Group, who in turn own Vice news.

[@joewillems1994]

Dude really thought he was being a disruptor renting out office space

[@weeksy79]

As with so many of these spectacular failure companies…WHY DO THEY HAVE SO MANY STAFF?! Also, mistaking things for tech companies because they involve tech. WeWork was commercial real estate the same was that Tesla is an auto-manufacturer.

[@metavatar]

Lol Lisa seems to still be drinking the WeBull

[@Blashmack]

Not necessarily, incredible scams like WeWork need incredibly charismatic and driven people to make the scam happen. You need to have a lot of something to be able to take it this far.

[@dyskelia]

‘Respect the entrepreneurs’ only if they respect the workers 😒😒

[@TrapSection]

This is only the 99th documentary on wework lol

[@nychris2258]

This was from 2020

[@bobbyboygaming2157]

It's all part of how the money is made back lol.

[@sam-wise777]

As the CEO of a woman owned business, it makes me sick watching how investors gave WeWork so much money without looking at their financials. Our business had to jump through hoops to get an investor and every one of them wanted to look at our financials. They were beyond critical, and, in the end, it was always the same conclusion... "You aren't good enough". Then we hear investors on this video say, "We fail and lose money all the time..." or "there was no need to look at their financials." Mind boggling. WTH?!?!

[@BillyJeans1993]

Adam would make a Great MLM guru

[@sohu86x]

He's still alive, we may see it

[@ploglet]

the 30-year Jesus Christ comment is so true.

[@Rippypoo]

What the hell did WeWork even DO? What was its PRODUCT? This whole video talked about people investing huge sums of money. To do WHAT? Move money around? Not surprising that it tanked. The human species is so deeply flawed.

[@alek_sanders]

Office space arbitrage

[@larryfisherman6449]

I mean the video kinda glossed over it it but it was still kinda explained, basically its renting desk space at open space offices. Main selling point is networking for entrepreneurs.

[@Rippypoo]

@@larryfisherman6449 Thanks. The way that the employees and the head of the company were talking, you think that they were working on world peace. Selling rental space. Jesus christ.

[@gabrielmagalhaes859]

It's renting office space. Literally, they would pick larger Office spaces and divide in smaller spaces for aspiring entrepreneurs and small businesses They had a few extra bells and whistles, but it's not that special lmao, Adam must have some INSANE level of charisma

[@Rippypoo]

@@gabrielmagalhaes859 Thanks. They concentrated so much on the hype and the enthusiasm and participation and feel-good camps, that the actual product kind of got lost. So, not curing cancer or even developing a way to build affordable housing for millions of people. Just moving space and money around to make a few people rich. Big f**king deal. Runaway predatory capitalism, basically.

[@Phoenix-nl2ut]

Sounds like a for profit cult.

[@guydreamr]

Most cults *are* for profit. Scientology anyone?

[@SimeonToko]

It felt like one, too.

[@AcappellaTidbits]

Adam literally isn't impressive or charismatic. He's just tall and not ugly and other people's weird brains are doing the rest of the leg work.

[@susannehuber3996]

Amen. He was a complete idiot and narcissistic, unfortunately people believe bs.

[@Irnbruist]

why exactly do I need another middle man who takes profits away from my lease? It‘s a solution for no problem..

[@Celine_says]

billionaires should not exist. it‘s always unethical to hoard that much money.

[@pampsuisselosangeles7145]

Welcome to the world...would you be any different. I think not

[@LM2.S54]

they cant hoard what they dont have wtf lmao

[@Moodboard39]

welcome to capitalism, what u think usa is run by????

[@nuke___8876]

Too much capital chasing too few investments -- such an environment allows cons to thrive.

[@answerman9933]

A real estate company poising as high tech.

[@TomCook1993]

Regus is so much better anyways. And not ran by a lunatic.

[@cath1none]

gosh it's ridiculous how even intelligent people r just simple minds and let them fool by such a messiahisitc guy.

[@musicjunkie274]

Anybody who buys a company dealing with temporary office leases would “change the world” or “change public consciousness”…

[@snucam78]

I don't know how Regus/IWG stays open. So many complaints about billing. Alienate clients and employees. Neither group have direct contact with anyone to escalate problems

[@SL89999]

A friend joined WeWork as a senior architect in NY 6 months before the IPO. I begged him not to and sent him loads of press reports that questioned WeWork’s financials, business model, strategy and corporate governance. I called him when the S1 was published and suggested he look for another job. He was fired a week later and the equity he was promised on joining never materialised. He lost his apartment and it took him 9 months to find a new job. Worked out well for Adam though. What a visionary.

[@alexanderpili7478]

The eye contact from this guy is freaking me out

[@ThinkLascivious]

And this was produced before the pandemic really shut everything down. That was the final nail.

[@princepuke777]

Ofc he is Israeli

[@vsznry]

all of you godspeople are just despicable.

[@theelectricprince8231]

What is fraud next to child murder 😂

[@nolanfontaine7973]

Would you feel comfortable alone in a room with that person? Terrible business decisions and terrible timing.

[@kb9826]

This guy is borderline Madoff and I wouldn't invest even a dollar with anything he had a hand in.

[@guydreamr]

Is Adam Neumann one of the most vivid examples of someone who always manages to fail upwards or what?

[@tamjeanell]

Be aware of startups...let them get stable first before investing (time, money or effort).....this man was into drinking and bare foot? Sometimes its right in front of u and u cannot see it until its too late.....

[@DetectiveTrupo203]

That's not how it works. Once it's stable, you've already missed the opportunity. That would be like saying "wait until the superbowl is over before you bet on the winner".

[@MuhammadImHardBruceLee]

"We is Me..." - Adam Neumann

[@travelchoice89]

🌟 Fascinating and eye-opening! This video brilliantly captures the rollercoaster journey of WeWork from boom to bust.

[@Kai-kl6fe]

What's with Americans and shoes on the couch?

[@evolancer211]

Not that impressive or great, considering how it's a failed company

[@orod3102]

ofc hiding out in Israel

[@tomlewis6430]

Greed and unchecked ego is a bad combination.

[@colematthews6640]

This segment is over 4 years old. Should do a KZbin video: “The spectacular rise and fall of Vice News.”

[@RichardKusiima]

I shall never understand how people can easily be fooled into putting their money behind something as foolish as this! Never!

[@cchubbycatt]

Old days of Wework were the best times of Wework. Now Wework is an office space where no one knows each other.

[@benjaminniemczyk]

Scott Galloway--as usual--nails it. I feel bad for the people who lost their jobs as a result of the fall of WW. Hubris. Very powerful.

[@ricktandron3669]

Photos of Adam sleeping prove that he's the best hustler in hustle history. Diapers. The Wee Generation consume over Ten Billion Dollars in Diapers every day. This is a startup. We will all retire before we are 12.

[@AdamsDouglas-z8m]

Kkk

[@ricebowl3]

Another, Juul, another Uber. I learned after getting burned myself. I no longer trust any startup idea, or internet marketing, or direct to consumer product. Shave club, manscape, all of it.

[@Moodboard39]

i might start one, probably take over quora lol or stackover flow lol

[@salkdhfpoahergpoahre1534]

4:50 that look is really appropriate

[@MayorSom]

This is probably the 7th mini-doc about WeWork.

[@yungjoemighty879]

*WHY AREN'T YOU MAKING VIDEOS ABOUT THE ISRAELI GENOCIDE OF PALESTINIAN CIVILLIANS???*

[@mason96575]

…they are… Just because 100% of every little thing you see isn’t EXACTLY what you want to be seeing, doesn’t mean it’s not out there

[@Mscldrew]

The lesson is… act weird and people will throw money at you.

[@tristanheath7017]

I’m glad they repost less now

[@realericsmith]

This is an old documentary

[@FelixBibian]

There’s a wework building here in downtown Long Beach, I’ve never seen anyone walk in or out

[@ericponce8740]

People...never, ever believe the hype of a person.

[@mason96575]

The Apple+ series REALLY did the story justice

[@chuckskinny1]

People get captured by greed and this guy knows it. The promise of wealth is a complete blind side. You just have to have common sense.

[@mugurelbudara4028]

yeah that's probably what happens when people want too much too soon...

[@4362mont]

Grandiose thinking sliced & sold.

[@TheUsername217]

it's founder is still rich

[@manolososadavinci1937]

😂😂😂😂💀💀💀💀💀

[@GT47179]

We tanked.............

[@allanhouston22]

We never get enough of criminals and con artists. Btw, did he try to scam his own people down in Israel?

[@Travluminatii]

Wedontwork

[@ricktandron3669]

WeeWerk was founded by Alfred E Newmann and Mad Magazine back in 1997 in Brooklyn, New Yerk.

[@Bigwave2003]

Adam Neumann = Adam Conman.

[@marionsandinoarriola4966]

exact definition of pot calling the kettle black

[@marioorospe158]

The rise and fall of Vice

[@Dustinwhy8]

Multi-billion dollar company based on ppl who are essentially remote working? What a horrible idea.

[@dinkelberry]

ashton kutscher liking something should have been the first red flag

[@franksegoviasanchez7697]

Hi! does anyone know what's the name of the symphonic song at the beginning?

[@BuddhaJunkee]

Never heard of it

[@mysteriousth1ef]

The value proposition for WeWork is not compelling enough for people to frequent the workspaces. Like think about it... You're trying to attract people in startups, but a lot of folks are introverts, so getting people who already like being at home or alone can be difficult to step foot into the space. WeWork scaled way too fast with no idea who they were serving imo. But as it goes, you just need to have a hell of a lot of charisma to woo investors and sell your idea.

[@BC-ni3sk]

Another polished conman and so many have come before him. Greedy people wanting a swift pay day fueled this problem.

[@joey8033]

capitalism creates the illusion of innovation. because all he's doing is just leasing office space with good marketing

[@shiviAroundtheWorld]

Thank god I was rejected by this company when I’d applied for a job 😂

[@christyscoffeebean]

The company I was working with took over we work and it took so much money to try and attempt to reconstruct it where they laid off people too

[@gabrielmagalhaes859]

Guy must have some insane level of charisma, like, it was not revolutionary, special or inherently very profitable Its insane to even think about something like that could have reached such an evaluation

[@cesarordaz139]

And he’s back raising money for “flow”😂

[@ezrasteinberg9860]

Scott Galloway with a great cameo!!

[@blessingndlovu9037]

Lesson: It is very easy to start a billion-dollar scam in the USA.

[@Unqualifiedtake]

Real Estate companies shouldnt get tech valuations

[@martystelevision]

why are we still talking about this?

[@_7.8.6]

Always using other people’s money

[@scout7972]

it's funny cos the wework story is honestly pretty similar to the vice story

[@WTFJOYA]

Damn stealing Bloombergs exact title from a 4 year old video? Shame on Vice.

[@DoeFoot]

Adam would get on with the Fyre Festival guy

[@kuzmaglazovskii2789]

A not late to come out video, but thanks

[@zacharyoff6805]

2.5 minutes in and I can already tell this Adam dude is a cult leader, not a businessman.

[@bcx1138]

You guys know this was a documentary already right?

[@oleopathic]

What does Warren Buffet think about this firm? Did he ever opine ?