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

If something seems too good to be true, it probably is. WeWork Cofounder Adam Neumann proved this to be true in 2019. Over the year, the company went from a whopping $47 billion dollar valuation to below $8 billion after failing to complete a public offering. Forbes Staff Writer Samantha Sharf explains the missteps Neumann took before his board pushed him out and cut thousands of jobs. *The SoftBank bailout was announced on October 23, 2019. Subscribe to FORBES: Stay Connected Forbes newsletters: Forbes on Facebook: Forbes Video on Twitter: Forbes Video on Instagram: More From Forbes: Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.