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(428)

YouTube’s Latest Beauty Scandal

YouTube’s Latest Beauty Scandal

Beauty product reviews on YouTube aren’t just about beauty products and internet capitalism. They’re a conduit for drama, loyalty politics, and “cancel” culture, as WIRED’s Emma Grey Ellis has learned...

17 Touko 201936min

If You Build It, They Will I/O

If You Build It, They Will I/O

Developer conferences aren’t just a chance for tech companies to incentivize app makers and show off the latest tricks and tools in software. The events also present an opportunity for companies like ...

10 Touko 201951min

The Making of Adam Savage

The Making of Adam Savage

You might know Adam Savage as the co-host of the television show MythBusters, as the editor of Tested.com, or as the host of countless web videos that show him building machines, sewing costumes for C...

3 Touko 201951min

Preserving Your Right to Repair Your Gadgets

Preserving Your Right to Repair Your Gadgets

What happens when your drop your phone and shatter the screen? Or when its battery starts to grow noticeably weaker? These common technological woes are things that you should be able to remedy yourse...

19 Huhti 20191h 8min

What Happens to Uber After Its IPO?

What Happens to Uber After Its IPO?

Uber filed to go public this week. No big surprise there; everyone in the industry has been waiting months for the ride-hailing giant to hit the accelerator on its IPO. What did raise an eyebrow were ...

12 Huhti 201945min

Introducing Citadel Dropouts: A Game of Thrones Podcast

Introducing Citadel Dropouts: A Game of Thrones Podcast

We’re confused about what exactly this hoped-for Targaryen Restoration is about, politically. And is Game of Thrones, like, good anymore? Laura Hudson and Spencer Ackerman preview the political and so...

12 Huhti 201946min

Reporting From Syria

Reporting From Syria

This week, we’re joined by a special guest: freelance war correspondent Kenneth R. Rosen. Ken is working on a series of stories for WIRED about the reconstruction efforts in Syria. The first of Ken’s ...

5 Huhti 201921min

The Case for Male Birth Control

The Case for Male Birth Control

Hormonal male contraception is not a new idea––in fact, researchers have been working on solutions for men the pill was invented for women. But early tests around male contraceptives were inconclusive...

29 Maalis 201947min