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WeWork could cause a disaster for New York City's real-estate market

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Opinion: WeWork is still a mess, even without now-former CEO Adam Neumann, by DanielAlpert

Adam Neumann stepped down as WeWork's CEO on Tuesday, citing public scrutiny following the We Company's IPO filing. But despite Neumann's antics as CEO and decision to step down, WeWork still has some serious problems with its business. WeWork's rapid expansion and business issues mean that the company now presents a serious danger to the New York and London real estate markets.

Adam Neumann stepped down as WeWork's CEO on Tuesday, citing public scrutiny following the We Company's IPO filing. But despite Neumann's antics as CEO and decision to step down, WeWork still has some serious problems with its business. WeWork's rapid expansion and business issues mean that the company now presents a serious danger to the New York and London real estate markets.

 

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