WeWork cofounder and CEO Adam Neumann reportedly sold shares he owned in the company and took loans worth $700 million ahead of planned public offering

According to a Wall Street Journal report, WeWork cofounder and CEO Adam Neumann has sold sizeable portions of his stake in the office space sharing company. Neumann also borrowed against his holdings, according to the WSJ report, buying more shares in his company as well as purchasing five homes and investing in real estate and startups. Neumann's sales and debt transactions totalled $700 million in total, according to the WSJ.

According to a Wall Street Journal report, WeWork cofounder and CEO Adam Neumann has sold sizeable portions of his stake in the office space sharing company. Neumann also borrowed against his holdings, according to the WSJ report, buying more shares in his company as well as purchasing five homes and investing in real estate and startups. Neumann's sales and debt transactions totalled $700 million in total, according to the WSJ.

🚩🚩🚩

Two words: confidence

WeWork ———— WeFck

That's stupid, if that was me I wouldn't do that

TF he need $700M for!?

Whoa

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WeWork Co-Founder Has Cashed Out at Least $700 Million From the CompanyAdam Neumann, co-founder and largest shareholder of WeWork Cos., has cashed out more than $700 million from the company ahead of its initial public offering through a mix of stock sales and debt, people familiar with the matter say. 🤔🤔🤔 ___theKing___ lmao well shit 'You light a match. You blow the joint' - Henry Hill 'Goodfellas'
Source: WSJ - 🏆 98. / 63 Read more »