Why WeWork Didn't Work

Why WeWork Didn't Work

In the 11 years since its founding, WeWork has had a wild ride. At its core, it's a real estate company that subleases trendy office spaces to other businesses. But the workers at the company, lead by their charismatic CEO Adam Neumann and intoxicated by a $47 billion valuation, partied like it was a rebellious tech startup. Behind all the kombucha taps in WeWork’s offices was a culture of extravagant splurging, furious hedonism, and questionable business decisions. The bad behavior persisted for a decade before it all came crashing down.

This week on Gadget Lab, we talk with Eliot Brown and Maureen Farrell, the Wall Street Journal reporters who helped reveal the absurd shenanigans that led to the downfall of WeWork. Their new book, The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion, is a chronicle of the company’s rollicking journey.

Show Notes:

The Cult of We comes out July 20. You can preorder it here. And be sure to follow all of Eliot and Maureen’s reporting at The Wall Street Journal.

Recommendations:

Maureen recommends the show Schitt’s Creek. Eliot recommends the podcast Fiasco, specifically season two, which is about the Iran Contra Scandal. Lauren recommends the Listings Project, a community newsletter for people looking for temporary housing. Mike recommends Mixcloud for discovering new music through DJ sets.

Maureen Farrell can be found on Twitter @maureenmfarrell. Eliot Brown is @eliotwb. Lauren Goode is @LaurenGoode. Michael Calore is @snackfight. Bling the main hotline at @GadgetLab. The show is produced by Boone Ashworth (@booneashworth). Our theme music is by Solar Keys.

If you have feedback about the show, or just want to enter to win a $50 gift card, take our brief listener survey here.

Learn about your ad choices: dovetail.prx.org/ad-choices

Jaksot(429)

Your DNA Belongs on the Blockchain

Your DNA Belongs on the Blockchain

You may not realize it, but when you send a spit-filled tube off to a lab that’s going to analyze your DNA, you’re linking the most unique identifier possible (your gene sequence) to other sensitive p...

20 Syys 201934min

iPhones to the Max

iPhones to the Max

New iPhones! A shinier Apple Watch! So many camera lenses! On this week’s episode of Gadget Lab, it’s Apple week yet again. Lauren, Mike, and Arielle discuss all the new devices and services that made...

13 Syys 201930min

How Uber Went Down in Flames

How Uber Went Down in Flames

Once upon a time, there was a true unicorn, a startup named Uber. Led by CEO Travis Kalanick, the company broke all the rules of business and truly disrupted the way people move through the world. But...

6 Syys 201947min

Why It’s So Hard to Unlink Yourself From Facebook

Why It’s So Hard to Unlink Yourself From Facebook

If you have both an Instagram and Facebook account, chances are they are connected, whether you like it or not. But what if you didn’t connect them in the first place, or if you have a Finstagram acco...

30 Elo 201936min

You’ve Got Microplastics

You’ve Got Microplastics

Plastic is everywhere. No, really, it is everywhere. Tiny bits of plastic waste, called microplastic, have come to permeate nearly every part of the planet. We drink it in our water. We breathe it in ...

23 Elo 201940min

How Google’s Secrecy Lead to Company Turmoil

How Google’s Secrecy Lead to Company Turmoil

For years, Google has flourished in large part because of its famously open internal structure. Leadership encouraged active and vocal communication between employees who held strong opinions or disse...

16 Elo 201936min

Amazon's Quest for World Domination

Amazon's Quest for World Domination

Amazon didn’t become the behemoth it is by accident. Its services, like Amazon Prime, and products, like the Echo smart speaker, were designed to learn everything about you and become essential fixtur...

9 Elo 201936min

Bumps in the Road to Our Robo-Car Future

Bumps in the Road to Our Robo-Car Future

From fledgling startups to automotive giants like General Motors, there’s a whole lot of companies looking to develop fully self-driving cars. But that goal is still a long way from reality. The world...

2 Elo 201938min