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The tide has turned against WeWork after a botched IPO attempt — now its trouble is deepening. Here's everything that's going on inside the coworking giant.

FILE - This Nov. 5, 2019 file photo shows a WeWork office space in New York. WeWork says it racked up $1.25 billion in losses in the third quarter as it geared up for an ultimately scuttled stock market debut 
WeWork’s losses more than doubled between June-September, compared to the same period the previous year, as the office-sharing company spent heavily in pursuit of aggressive growth.(AP Photo/Mark Lennihan)

  • WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as CEO and chairman. WeWork has been slashing jobs and selling or shuttering businesses. 
  • New CEO real-estate veteran Sandeep Mathrani started in February, replacing Artie Minson and Sebastian Gunningham, who served as co-CEOs since Neumann was ousted.
  • In April, investor SoftBank backed out of its plan to buy $3 billion worth of WeWork shares, including nearly $1 billion from Neumann. Two of WeWork's board members then sued the investor. 
  • Here's how we got here, and what's next for WeWork. 
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Here's everything we know about what's going on inside WeWork:

The latest

 

Have a WeWork tip? Contact reporter Meghan Morris via encrypted messaging app Signal at +1 (646) 768-1627 using a non-work phone, email at mmorris@businessinsider.com, or Twitter DM at @MeghanEMorris. (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop.

Investor lawsuit against SoftBank

Executive changes under CEO Sandeep Mathrani

Plotting a path forward

SoftBank bailout

Fallout after the failed IPO

Neumann's personal finances

Neumann's exit

Tanking valuation 

Financials, business history, and real estate

Coworking rivals

Road to the failed IPO

Neumann's leadership

SoftBank's role

Deals

 

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