WSJ says Adam Neumann brought teachers from LA-based group to company offices and retreats, wanted IPO to be on September 18 due to number's significance in Judaism
Workspace sharing company, already facing financial woes, informs tenants that due to presence of formaldehyde, it has closed 2,300 booths used for private voice and video calls
Office sharing company had planned to open WeLive residential facilities in Tel Aviv and Jerusalem, but program put on ice after disastrous IPO announcement, ouster of CEO
Adam Neumann will stay on as non-executive chairman after damning report on his eccentric management style and questions over company's profitability ahead of expected IPO
Calcalist: WeWork, which initially intended to issue shares at a valuation of around $47 billion, has decided to back out of the IPO due to lukewarm investor interest
Reuters: WeWork may seek a valuation as low as $15 billion to $18 billion in a planned IPO, down from the $47 billion valuation it got in last private funding round
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