How WeWork Founder Adam Neumann Lost The Company $39 Billion In One Year | Forbes Year In Review 

"Are y'all with the cult?" "Its not a cult, it's a community of--" "Yeah, this is the place."

Bill Green or “we’re a family”

News flash: every big corporation is a cult. They even have a damn religious sign

@@Fishoilification it's human nature

Or 'We are family'..

What is Silicon Valley?

@@MOON-zo3ik San Francisco

So he can be considered a master at scamming investors out of their money. SoftBank poured some $15 billion into WeWork and it's now worth less than $8 billion.

The Bronx Boglehead why is that anything to be congratulatory of? So you destroy peoples livelihoods, you milk money out of a company and you essentially fraud investors about the condition and so why is that something to high fives about? Backwards thinking.

@@nguday2003 it's not celebrating it its saying "well at least its not the WORST case scenario"

Because she probably invest her inheritance and life savings lol

She invested

spasmodic dysphonia

😁😁👍🏼👍🏼

noshit

😂😂😂

I laughed for like 5 min after reading this comment.... Yes. .she sounda devastated and about to break into tears

😂😂

i hate it

@@talloolahmoon Yea, its weirdly frustrating. Like I stopped caring about what she's talking about.

It’s called vocal fry, a phenomenon that affects mostly young American women who try to lower their voice to the point that it starts to break. Highly annoying.

This waste of money makes me sad for our future

@@germansnowman ohhh, the more you know...

Lmfao....True but softbank and other investors are probably shitting their asses!

username checks out .

Hmmm what can I start that investors will love but has no real chance of success so I can just take the money and run.....or lay on beach forever

No hes not

400million to be exact

I got that vibe within the first minute lol

Yeah that's what made it interesting I felt like I was getting some good gossip

It more seems like she had shares or heavily invested in the company and is bitter. She seems like shes trying hard to act positive in front of a camera likely for legal reasons

She’s a terrible speaker. Reminds me of many people I grew up with in NY.

@@tekkiemanagreed. she's so obnoxious.

Thank you ! To the point

Its called evaluation. When IPO happens. Prices reflect that value.

@Allen Han …INFLATED VALUATION

Don't spoil it, if they say it's worth it, it is, c'mon Man, don't let reality get in the way.

Value is just whatever the last investor was willing to pay at that time. Just like any good or commodity. For unprofitable hyper growth companies so much of the valuation is based on the perceived potential. Once that is lost, then its value drops accordingly.

She’s happy and angry like ralph

😂

Aww. Too bad!

Yes...

sorry, Philip, I think Adam beat you to it! of course, We (you and I) can start a new version UsWork and repeat the experiment...

How you short the stock ?

Owen Black unique voice

I was not able to follow and turned on CC. But that was worse. Is it an accent? but some good new info though

Owen Black true

Arul Prakash S definitely not an accent .. it’s kinda of like an overly smoked voice .. like imagine the feeling of you scratching your head in voice form .. but instead of a smooth scratch it once of those “I itch all over scratches”

I misheard we work as if she is saying we were

More like SoftBank lost whatever money they put into WeWork, which is 7.5 billion so far.

The company was potentially worth $39 billion or more but his ego and the ego of his wife destroyed it! Once you lose investor confidence by doing stupid self serving things then it is over!

@@Create-The-Imaginable I could say my fart was potentially worth 100 trillion. Doesn't mean anything. The business model simply isn't worth anywhere near 39 billion.

Regardless the money investors put into it was sucked away...

He managed to scam a real billion out of it though

Not a scam! His investors we're just using a philosophy called WeGreedy!

🤣🤣

@@TheWebAdict "investors"... you mean Adam..dude didnt even make the company profitable he just sucked the funds out of it. Investors are the victims.

@@jryde421 That's not how it works. In the early days, he would've wanted the company to be profitable as he owned much of it. However, as investors come on, their investment managers want nothing but growth, every second of every day. If the company grows, the investor gets richer on paper. However, it happens to be the fund manager that is the bigger issue here, as the more growth he exhibits, the larger fee he will be paid. Adam was just delivery what the investors wanted. Sure he did a lot more to look out for himself in the end as he realized that the growth was unsustainable and would lead to a crash. However, who wouldn't? He showed up everyday and did what was asked of him and in the end he was rewarded for that. It was the investors that kept throwing money at him and asking him to make it worth more. He was genius enough to do that through branding. The failure comes because the greed never stopped and they wanted to take things public far too early. Anyhow, you're blaming the wrong person. It's the fund managers that made out like bandits, and for a while, so did the greedy investors.

@@TheWebAdict when dealing with investors you have the mutual understanding of helping everyone profit because that investing... Good Venture Capitalists/Firms and banks know that pulling money out for personal use or just to early is bad because your personal money is tied in with other money to be use to build the company for a profit for every one...yeah you got people that want more but bottom line what he did effected his fundamentals before his ipo....so if you invest please understand that knowing the actions of a good and bad CEO is important for knowing if the price will fall due to bad actions, call, dismisses. Adam took money away from his own company and 2500 people..but softbank did it? Softbank who still invest in WeWork under the new CEO, that investor? Because investors& hedge funds cant pull any more money out then what they put in unless gain is made...adam on ther other hand with all that power shrank his company to where soft bank had to bail them out due to only one years loss (loss not even from operations cost) that on adam...not the investors....

sifiska that’s gross sounding

Pump & Dump sounds like the prequel to two girls one cup. lol

The investors do pump and dump not founders

Good for asmr

She's just nervous

Elizabeth Holmes outfrys this chick by a wide margin

Her pitch isn't low. She just needs to project her voice more instead of swallowing it.

Irritating milly speech yuck

he sold an idea for billions. A worthless idea for BILLIONS.

Adam knew his business model wouldnt work. Got his money n out

By far lol

@Pedro Xeta ……WILL GO DOWN AS ONE THE THE GREATEST SCAM ARTIST AND OIL SNAKES MAN

@Pedro Xeta The smartest “con artist”.

It’s called vocal fry...getting all too common these days.

dudeskidaddy thank you for teaching me something new today.

RIGHT? I was about to say that too.

Also her mouth is too moist

My thoughts exactly! 🤦‍♀️

😂Fool

🤣🤣🤣🤣🤣🤣🤣🤣🤣 love it!

HAHAHAHAHAHAHAHA

Yeah she doesn't have a good voiceover voice either

I had lot of trouble understanding her, had to rewind at lot of instances

Lmao

😂😂😂😂

Funny how accurate your description is. 🤣

Why judge on her voice rather than the information she presents?

@@kongyukloong because form of information delivery affects how it is taken in

I couldnt stand her voice either

Lily Hana Chan Oh my God I wanted to scratch my ears out. Her vocal fry was ....🤯

It sounds like this one involved fraud from multiple partners who all had their own agendas: Neuman, SoftBank, and various investors.

Its coming the ponzi scheme that tech companies try to create is collasping

ϟhitlord WeWork is a tech company? Because I thought they just sublet office space.

These startups are privately funded though and only really affects wealthy investors

Good observation sir

Who do you think he learned from?

Lovejoy Mbedzi that’s what I was thinking!!

Adequate orientation or knowledge about bitcoin trade or any other crypto currency is a key to a profitable and a successful investment. I can unequivocally say that forex and crypto trading is one of the most profitable and lucrative business for every investors with the right expert.

@@aurthurrhodes8827 That's true. a lot of people today have been having a ton of disappointments in forex and crypto trading in light of helpless direction and awful specialists

@Tristan Perillard I saw a lot of testimonies about Karen Gray too and I thought it was all made up stories till I summoned courage and gave her a try and honestly it was of no regret the move I made because my returns were mind blowing and encouraging till date.

I'm a living testimony of her good hands. Mrs karen is a genius this is my 8th win with her platform in just z months I'm so happy I made the right choice

People are ignorant of the profitability in bitcoin Investment and that had been their major issues limiting their Investment

Your comment worth $300 right now!

Yes, and they know that since the call some of them 'Unicorns'.

blame the Fed for enabling an obviously bipolar orthodox Jew who had a religious awakening and knew all he had to do was make the right connections and get in with the elite to get rich

yeh but thats the game, and adam knew how to play that game, to make billions for generational wealth, meanwhile me and you are on youtube comments complaining about how ridiculous it is.

Yeah it's her unsteady cadence. I'm surprised they didn't have her do a few more takes till she got sentences out more fluidly.

koriri barsosio yes. The content is great but I had a terrible time paying attention.

Nope, he conned people who trusted him. He is the greedy one. Who else cashes out 100 of millions of their own start up? Utterly corrupt and amoral.

@@bundeszentralefurstrickwol6515 it wasn't trust, any smart investor would've read the fine print instead of gobbling up the guru garbage. Nice try. Greedy people jump on board with guys like this, he knows his victims really well. As you can see.

@@AquarianNomadic you make it too easy for yourself, because you dont wanna Take Back the "He scammed greedy scammers" line

@@bendover2684 whatever you say.

@@AquarianNomadic uuuuh watchu sayyyy, know that tune?

Y r u gey

@@imrickjames7012 Ur mom gives me anxiety too when i have my............

onemoretime15 ur mum gey

onemoretime15 I thought I was the only one thinking this lol 😂

God that voice 😂😂😂😂

Thank you. I didn’t notice anything off until I read the comments. Perhaps it seems odd for some people to watch an educational video about business without being screamed at or talked to by someone with typical salesman charisma. I preferred this video because it felt like a conversation. It felt authentic and honest (whether or not all the needed information was stated). With the typical salesman persona I feel the need to question everything they say including their own names.

This video is just a smoke screen to throw the public off. How in the world can a company that has not made a dime have a valuation of 50 billion? Then people invest money, write it off on their taxes as an investment, then watch it grow from said valuation ( remembering that the company has not made a dime). I can go deeper but to say she sounds educated is not a compliment. Who educated her is the crime! Wework is now owned by foreign investors that in turn own real estate in America; for now what seems to be pennies on the dollar. 6 billion does not equate to 49 billion!!!!!

Very surface level journalism in my opinion. Knowing this sector pretty well she didn't cover anything new and only regurgitated and repackaged old information and presented it in a rather uncompelling narrative.

😅

@@michaeljohnston29 Fair enough. My primary gripe is unrelated to content though and are all the comments hating her voice for no reason.

Probably under the banner of "application of the term in the industry of real estate," or something of that nature. Not hard to believe.

Just like the word 'easy' is owned by easyjet & Co. ..

Even the symbol & is trademarked in hotel and tourism industry.I wittnessed one company get sued by another and they had to change to alphabetical "and"

This was Adam's world and he made the rules.

Adam Neumann trademarked communism

Pretty sure there’s a team of 10+ behind these:)

Google is a helluva website.

Sounds like she was going to cry.

It was such a sad story (billions lost to a con artist); I don't blame her for wanting to cry. LOL

She gone cry in the car

Dayum guys. She's an actual journalist. We're used to seeing presenters who are must entertainers. You can see it's a topic she's really invested in.

Might be his cousin

orange juice

pretty good description.

Thanos?

@@Dee-xb9mt theranos was a phony pharmaceutical tech company

Good for you. Any constructive criticism?

SAME it’s giving me severe anxiety lmfao

Nitride never use her to narrate anything ever again. Forbes can afford to hire people with normal voices

It sickens me. I often have to drop vicious hints. Like: “Are you ok? Do you need some medicine? You sound like you’re on your deathbed.”

It's called 'vocal fry.'

1. Watched 15 seconds of intro 2. ctrl+f fry 3. Glad to not be alone

He pumps and dump...he invested 700 mil on a dog walking startup and they didnt even want that much

It's blind greed. They just see the dollar signs. Or money looking for a home.

I thought that she did a great job.

No, she sucks

Madoff got a 150 years sentence, this guy probably will get away with it

@@drissalaoui103 Don't think so. This will have consequences once SoftBank gets into trouble because of WeWork, which it certainly will. A huge junk of the SoftBank fund comes from the state of Saudi Arabia, I don't think they find it particularly funny that 1.7 billions of the tens of billions thise scammy CEO costed them ended up in this very guy's pocket, either via a questionable pay out or selling his own shares before the IPO, which is unheared of.

Neither her nor the producer probably notice anything, that’s how every single American woman speaks nowadays

jolo logon she probably invested her own damn money

'Greed is God' is more appropriate! But that's Silicon Valley for you!

"CaUse its wreckable! All right! "

LMFAO Sir, this is a serious matter! :')

deep fry.

So that’s what it’s called. It seem popular among young American women, sounds like a frog with sore throat.

E K kill the rich

Well to be fair, if you can make more than a rental income out of real estate acquisition you’re doing pretty well. The property retains or increases its value, and the income covers the mortgage rates. Some people argue that McDonald’s is just a vehicle for the same concept. Because even if fast food disappears, McDonald’s is still worth an insane amount.

but her eyes not scary

Mr moo moo yes, hot af

She's just a woman with a barely similar hair color

What a snowflake lol. Are you traumatised now lol

Owesome Music - if not wanting to listen to grating vocal fry makes one a snowflake, well, then, I guess I’m a snowflake too.

ok.

😂

Worst vocal fry ever

Yep another bailout

More like a hyped vacuum. Think of the American economy as a whole as sort of a pressure valve. There is so much liquidity it must be stored somewhere (within equities), so these “brilliant” cons are able to pull a car salesman on wealthy and prideful bag holders.

I wonder how she would speak if she's in the Adam Neumanns shoe😂😂😂

@@hadzrahatta8072 Through a spokesperson

I sped up the video and watched it just fine.

It’s RU-vid not cnn give her break, she still puts the information across well and adds human emotion to a fairly dry story about investments. Remember she is a real human being that can read this comment.

@@jambononi I don't mean to be unkind, but I really feel I should mention this. She has clearly mastered this topic, and her presentation is absorbing, but this aspect of her speech, which is increasingly common among educated US women, is very off-putting.