After promised to shake up its corporate governance before its IPO today, the company’s valuation took yet another cut. The highly-valued company, known by the name of its coworking brand WeWork, is seeing its worth collapse in the face of skepticism regarding its business model, its governance, and its fundraising needs.
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The results are staggering. Today, , WeWork could debut at an IPO valuation of less than $15 billion, and perhaps as low as $10 billion.
$15 billion is a lot of money, mind. But it’s聽not a lot of money compared to the valuations that WeWork put up in the past. The firm was worth according to private investors as recently as early this year.
To illustrate how far the company has fallen from grace, we’ve compiled a chart for you. It tracks the company’s valuation () since :
Oof.
Illustration: .
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