WeWork's CEO explains why he thinks his $47 billion company is recession proof, and how he keeps his ego in check as a young billionaire

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

WeWork cofounder and CEO Adam Neumann told Business Insider it is losing money to set up long-term success around the world.

. What was it like meeting with him? How do you develop a relationship where you can get someone to invest so heavily in the vision you have?By the time Masa came, it was easier because we had a lot of execution behind us. There were seven consecutive years of 100% growth year over year, of all our numbers being ahead, of cost-per-adding-another-member going down.I'm usually the person who thinks very large in the room.

When I'm about to do something in their wheelhouse, something that they're better at than me, I will call for advice. Editor's note:"Secondary" here refers to the purchase of shares from existing shareholders, rather than directly from the company. That day, if they would've done the deal and after the money that they would've spent, WeWork might have had a higher valuation. But SoftBank had a bad day.

Not only did I understand — I talk a lot about believing in something greater than yourself, and a lot about the fact that if we always muscle everything through, we don't give a chance for the universe to enter. Now that I've had a chance to talk to all of them after they told me how much they love the company and how they see themselves as long-term holders, I feel very happy with how things went the way they did. Masa's still a huge shareholder. He's invested over $10 billion.Neumann:

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

By the time WeWork would be making money, their 'tenants' will realize that they are paying through the nose. They can do the same work at any Starbucks for free.

Narrator: it wasn't recession proof

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 729. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Uber CEO Dara Khosrowshahi on the future of the company before its massive IPOUber CEO Dara Khosrowshahi shared an Uber with CNBC's Andrew Ross Sorkin ahead of the company's IPO on the New York Stock Exchange. Khosrowshahi discussed the company's success, new scooter and bike services, Uber Eats and more. andrewrsorkin dkhos Ubers new indication of opening price is now $44.50 to $45? trump better tweet something NOW? JMO andrewrsorkin dkhos Boy,CNBC was really cheerleading this DOG that is bleeding money. Wall Street greed is on display and it has backfired spectacularly. Now they're talking Uber Eats will make it profitable...PLEASE .. What a train wreck. andrewrsorkin dkhos No follow up questions to that bullshit about cars going vertical? Wow this was so pathetic even for Uber.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »