News

WeWork founder Adam Neumann resigns

By and 2019-09-24T21:00:00

Adam Neumann

Source: Flickr/ TechCrunch

WeWork founder Adam Neumann has resigned as chief executive of the business a week after it failed to attract enough support to greenlight a multi-billion dollar IPO.

The move comes after a plunge in the company’s estimated valuation and a fallout with investors, including Japan’s SoftBank Group.

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