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Timeline of WeWork

34,759 bytes added, 12:33, 27 January 2020
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This is a '''timeline of WeWork''', an American company which provides [[w:coworking|shared workspace]], community, and services for entrepreneurs, freelancers, startups and small businesses.
 
== Sample questions ==
 
The following are some interesting questions that can be answered by reading this timeline:
 
* What are the several WeWork investment funding rounds?
** Sort the full timeline by "Event type" and look for the group of rows with value "Funding".
** You will see the amounts raised and the orders of {{w|venture capital financing}} funding rounds.
* What are the several partnerships WeWork was involved in?
** Sort the full timeline by "Event type" and look for the group of rows with value "Partnership".
* What are the various aquisitions by WeWork?
** Sort the full timeline by "Event type" and look for the group of rows with value "Acquisition".
* What are some notable workplace expansions throughout the years?
** Sort the full timeline by "Event type" and look for the group of rows with value "Expansion". For international office spaces, look for the group "Expansion (international)".
* Who are important people associated with WeWork?
** Sort the full timeline by "Event type" and look for the group of rows with value "Leadership".
** You will see information about its founders, and people with important roles in the company.
==Big picture==
{| class="wikitable"
! Time period !! Development summary || More details
|-
| 2008 – 2010 || GreenDesk era || GreenDesk, the earliest version of WeWork, is established as a {{w|coworking}} business.
|-
| 2010 onwards || WeWork era || GreenDesk is sold and WeWork opens to entrepreneurs with a first location in {{w|New York City}}. At least thirteen funding rounds would be announced by the startup, rainsing a cumulative US$ 9.8 billion.
|-
| 2014 (October) onwards || International expansion || WeWork goes international after opening a location in {{w|London}}. As of November 2017, WeWork has locations in 20 countries outside the United States. |-| 2018 || Crisis || In 2018 WeWork loses over US$2 billion.<ref name=WaPo>{{cite news|url=https://www.washingtonpost.com/business/2019/09/23/adam-neumanns-chaotic-energy-built-wework-now-it-might-cost-him-his-job-ceo/|title=Adam Neumann’s chaotic energy built WeWork. Now it might cost him his job as CEO.|author=Telford, Taylor|date=September 23, 2019|work=Washington Post}}</ref> Losses and revenue both double in the year. According to the ''{{w|Financial Times}}'', the company lost US$219,000 each hour of each day from March 2018 to March 2019.<ref>{{Cite web|url=https://www.ft.com/content/0e426c90-8c45-11e9-a1c1-51bf8f989972|title=WeWork: the 'hypothetical' company at the heart of the property market|last=Platt|first=Eric|date=July 2, 2019|website=Financial Times|archive-url=|archive-date=|url-status=|access-date=26 December 2019}}</ref><ref>{{Cite web|url=https://www.businessinsider.com/wework-not-close-to-profitable-loses-hundreds-thousands-every-hour-2019-7|title=WeWork isn't even close to being profitable — it loses $219,000 every hour of every day|last=Aydin|first=Rebecca|website=Business Insider|access-date=26 December 2019}}</ref>|-| 2019 || The We Company era || WeWork {{w|Initial public offering}} attempt becomes one of the most notables business failures of the year, and its valuation falls by US$40 billion in a matter of months. A series of allegations include weak governance, idiosyncratic management, and astronomical valuation.<ref>{{cite web |title=Why We Should Celebrate WeWork’s Failed IPO |url=https://www.forbes.com/sites/amiyatoshpurnanandam/2019/11/11/why-should-we-celebrate-weworks-failed-ipo/#1e8f0a7c10ea |website=forbes.com |accessdate=12 January 2020}}</ref> WeWork is rebranded as the We Company. In September, Adam Neumann resigns as CEO of the company.
|-
|}
[[File:Funding Rounds for WeWork, in US$..png|thumb|center|400px|Funding Rounds for WeWork, in US$.]]
[[File:Wework2019b.png|thumb|center|800px|WeWork expansion as of 2017December 2019.<ref>{{cite web |title=WeWork Locations |url=https://www.wework.com/locations |website=wework.com |accessdate=26 December 2019}}</ref>]] === Wikipedia pageviews === The image below shows pageviews of the Wikipedia page {{w|WeWork}} from December 2007 to December 2019 on desktop, and from July 2015 (see vertical red line) to December 2019 on mobile web and mobile app.<ref>{{cite web |title=WeWork |url=https://wikipediaviews.org/displayviewsformultiplemonths.php?page=WeWork&allmonths=allmonths-present&language=en&drilldown=human|website=wikipediaviews.org |accessdate=27 January 2020}}</ref> [[File:WeWork Wikipedia Views.png|450px|thumb|center]] === Google Trends === The image below shows Google Trends data from January 1 2004 to January 27 2020, when the screenshot was taken. See how search peaks in November 2019, around the time WeWork confirms having cut 2,400 jobs in a round of layoffs following its failed IPO attempt <ref>{{cite web |title=WeWork |url=https://trends.google.com/trends/explore?date=all&q=%2Fm%2F01306xmp |800pxwebsite=trends.google.com |accessdate=27 January 2020}}</ref> [[File:WeWork expansion as of October 2017Google search.png|1000px]]
==Full timeline==
| 2008 || May || Prelude || {{w|Adam Neumann}} owns a baby clothing company, working in the same building in {{w|Brooklyn}} as his future cofounder, Miguel McKelvey, a lead architect at a small firm. The partially vacant building would lead to Neumann and McKelvey team up and establish GreenDesk, an "eco-friendly coworking space", aimed at entrepreneurs. GreenDesk, the earliest version of WeWork, focuses at offering a sustainable coworking space, complete with sustainable office furniture.<ref>{{cite news|last1=Sheftell|first1=Jason|title=WeWork gives alternative to working at home with swanky buildings across NYC|url=http://www.nydailynews.com/life-style/real-estate/wework-alternative-working-home-swanky-buildings-nyc-article-1.1044412?pgno=1#ixzz2e46Iipo5|accessdate=17 October 2017|agency=Daily News}}</ref><ref name="A history of WeWork, the multi-billion dollar company taking over NYC">{{cite web|last1=Majewski|first1=Taylor|title=A history of WeWork, the multi-billion dollar company taking over NYC|url=https://www.builtinnyc.com/2015/12/21/brief-history-wework|website=builtinnyc.com|accessdate=21 October 2017}}</ref>
|-
| 2010 || || Creation || Neumann and McKelvey sell Green Desk and {{w|WeWork}} opens its doors to entrepreneurs at its first location in [{[w:SoHo, Manhattan|SoHo]].<ref name="A history of WeWork, the multi-billion dollar company taking over NYC"/>
|-
| 2011 || April || || WeWork Labs is launched. This would function as a startup incubator within WeWork’s network. WeWork Labs provides an open workspace with the goal of encouraging collaboration between entrepreneurial members.<ref name="A history of WeWork, the multi-billion dollar company taking over NYC"/>
| 2014 || October || Expansion (international) || WeWork opens its first international location in {{w|London}}’s {{w|South Bank}}.<ref name="A history of WeWork, the multi-billion dollar company taking over NYC"/>
|-
| 2014 || December 15 || Funding || WeWork receives US$355,000,000 in Series D funding round. Investors include T. Rowe Price, Goldman Sachs. 6 investors.<ref name="Funding rounds"/><ref>{{cite web|title=WeWork lève 355 millions de dollars pour devenir le Uber des bureaux|url=https://www.frenchweb.fr/wework-leve-355-millions-de-dollars-pour-devenir-le-airbnb-des-bureaux/177390|website=frenchweb.fr|accessdate=21 October 2017}}</ref><ref>{{cite web|last1=Sophy|first1=Joshua|title=WeWork Coworking Space Raises $355 Million|url=https://smallbiztrends.com/2014/12/wework-coworking-space-raises-355-million.html|website=smallbiztrends.com|accessdate=21 October 2017}}</ref><ref>{{cite web|title=Wework raised $355,000,000 on December 16th, 2014.|url=http://www.whogotfunded.com/deals/305620-wework|website=whogotfunded.com|accessdate=21 October 2017}}</ref>
|-
| 2015 || May || Partnership || WeWork partners with [[w:JPMorgan Chase|Chase]] with the purpose to offer WeWork members discounted rates and premium customer service with {{w|Chase Paymentech}}, whose payment platforms support businesses of all sizes to process payments, including credit, debit, and digital, alternative, mobile payment options.<ref>{{cite web|last1=Crook|first1=Jordan|title=WeWork Partners With Chase To Offer Discounted Commerce Services To Members|url=https://techcrunch.com/2015/05/12/wework-partners-with-chase-to-offer-discounted-payments-services-to-members/|website=techcrunch.com|accessdate=20 October 2017}}</ref><ref>{{cite web|title=WeWork Links With Chase To Offer Discounts Via Paymentech|url=https://www.pymnts.com/news/2015/wework-links-with-chase-to-offer-discounts-via-paymentech/|website=pymnts.com|accessdate=20 October 2017}}</ref><ref>{{cite web|title=WeWork Partners With Chase|url=http://nocamels.com/2015/05/wework-partners-with-chase/|website=nocamels.com|accessdate=20 October 2017}}</ref>
|-
| 2015 || June 1 || Team Leadership || WeWork announces {{w|Time Warner Cable}} {{w|Chief financial officer}} {{w|Artie Minson Artie Minson }} as President and {{w|Chief Operating Officer}}.<ref>{{cite web|title=WeWork Announces Artie Minson as President and Chief Operating Officer|url=http://www.marketwatch.com/story/wework-announces-artie-minson-as-president-and-chief-operating-officer-2015-06-01|website=marketwatch.com|accessdate=20 October 2017}}</ref><ref>{{cite web|title=WeWork Announces Artie Minson as President and Chief Operating Officer|url=https://www.prnewswire.com/news-releases/wework-announces-artie-minson-as-president-and-chief-operating-officer-300091571.html|website=prnewswire.com|accessdate=20 October 2017}}</ref><ref>{{cite web|last1=Hal Schwartz|first1=Eric|title=WeWork Hires Time Warner Cable Exec as New President|url=https://www.americaninno.com/dc/wework-hires-time-warner-cable-exec-as-new-president/|website=americaninno.com|accessdate=20 October 2017}}</ref>
|-
| 2015 || June 25 || Funding || WeWork receives US$433,934,331 in Series E funding round. 4 investors participate, including Glade Brook Capital Partners. 4 investors.<ref name="Funding rounds"/>
|-
| 2015 || July || Partnership || WeWork partners with {{w|New York}} {{w|real estate}} developers, {{w|Boston Properties}} and [[w:Lewis Rudin|Rudin Management]], to build the WeWork’s first ground-up project at the {{w|Brooklyn Navy Yard}}.<ref name="A history of WeWork, the multi-billion dollar company taking over NYC"/>
|-
| 2016 || April 4 || Service || WeWork launches WeLive in {{w|New York city}}, a service under termed co–living concept – analogous to {{w|coworking}}, by renting out shared living spaces.<ref>{{cite web|last1=Winston|first1=Anna|title=Co-working company WeWork unveils its first co-living apartments in New York|url=https://www.dezeen.com/2016/04/06/wework-welive-co-working-company-co-living-apartments-new-york/|website=dezeen.com|accessdate=19 October 2017}}</ref><ref>{{cite web|last1=Carson|first1=Biz|title=WeWork's apartments of the future are officially open, starting at $1,375 a month for a Murphy bed|url=http://www.businessinsider.com/wework-welive-apartments-open-1395-dollars-for-murphy-bed-2016-4|website=businessinsider.com|accessdate=19 October 2017}}</ref><ref>{{cite web|last1=Fitzpatrick|first1=Alex|title=Inside the NYC Building That Offers Nirvana for Millennials|url=http://time.com/4280233/welive-new-york-city/|website=time.com|accessdate=19 October 2017}}</ref><ref>{{cite web|last1=Konrad|first1=Alex|title=Inside WeWork's Amenities Rich, Community Obsessed Co-Living Experiment Called WeLive|url=https://www.forbes.com/sites/alexkonrad/2016/04/04/inside-wework-coliving-space-welive/#2f7e435d7145|website=forbes.com|accessdate=19 October 2017}}</ref>
|-
| 2016 || August || Expansion (international) || WeWork opens its first office space in {{w|Seoul}}, {{w|South Korea}}.<ref>{{cite web |title=WeWork Opens its First Office Space in Seoul |url=http://koreabizwire.com/wework-opens-its-first-office-space-in-seoul/63349 |website=koreabizwire.com/ |accessdate=26 December 2019}}</ref>
|-
| 2016 || October 12 || Funding || [[w:Jinjiang International|Shanghai Jin Jiang International Hotels]], one of {{w|China}}’s largest hotel companies, puts up US$260 million towards WeWork’s Series F round of financing, bringing its total venture capital to $1.7 billion and valuing WeWork at US$16.9 billion. The investment completes a US$690 million funding round started in March 2016.<ref>{{cite web|last1=Hollis|first1=Cheyenne|title=Strange Bedfellows? Shanghai’s Jin Jiang Hotels Leads $260M WeWork Investment|url=https://www.mingtiandi.com/real-estate/outbound-investment/strange-bedfellows-shanghais-jin-jiang-hotel-group-invests-in-wework/|website=mingtiandi.com|accessdate=20 October 2017}}</ref><ref>{{cite web|title=WeWork raises another $260M, now valued at $16.9B|url=https://therealdeal.com/2016/10/13/wework-raises-another-260m-now-valued-at-16-9b/|website=therealdeal.com|accessdate=20 October 2017}}</ref><ref>{{cite web|last1=Farrell|first1=Maureen|title=WeWork Raises $260 Million, Capping Off $690 Million Funding Round|url=https://www.wsj.com/articles/wework-raises-260-million-capping-off-690-million-funding-round-1476284233|website=wsj.com|accessdate=20 October 2017}}</ref><ref>{{cite web|last1=Dolan-Del Vecchio|first1=Erik|title=WeWork’s Latest Round Of Funding Pushes Valuation To $16.9B|website=bisnow.com|accessdate=20 October 2017}}</ref>
| 2017 || February 26 || Funding || Japanese telecommunications company {{w|Softbank}} invests US$ 3 billion in WeWork Private Equity Round and Secondary Market investment round.<ref name="Funding rounds"/>
|-
| 2017 || April 25 || Service Partnership || WeWork partners with global customer service software company {{w|Zendesk}} and launches WeWork Service Store, a software-only platform that aggregates business software and services for members.<ref>{{cite web|last1=Fadilpašić|first1=Sead|title=WeWork launches store for services and software|url=https://betanews.com/2017/04/27/wework-services-store/|website=betanews.com|accessdate=20 October 2017}}</ref><ref>{{cite web|last1=Crook|first1=Jordan|title=WeWork’s office takeover continues with the launch of the Services Store|url=https://techcrunch.com/2017/04/25/weworks-office-domination-continues-with-the-launch-of-the-services-store/|website=techcrunch.com|accessdate=20 October 2017}}</ref><ref>{{cite web|last1=Gura|first1=Ron|title=WeWork Services Store — A New Hub for Software Services|url=https://www.wework.com/es-ES/blog/posts/wework-services-store-a-new-hub-for-software-services|website=wework.com|accessdate=20 October 2017}}</ref><ref>{{cite web|title=Zendesk and WeWork partner to help growing businesses create better customer relationships|url=https://www.zendesk.com/blog/zendesk-wework-partner-to-help-growing-businesses-create-better-customer-relationships/|website=zendesk.com|accessdate=20 October 2017}}</ref>
|-
| 2017 || June 1 || Investment || WeWork invests in Brave Initiatives, a non-profit organization that provides programs for high school girls.<ref name="wework crunchbase">{{cite web|title=WeWork|url=https://www.crunchbase.com/organization/wework|website=crunchbase.com|accessdate=15 November 2017}}</ref>
| 2017 || June 13 || Investment || WeWork invests in Victor Tech inc., a {{w|Chicago}}-based company that developed an app to connect former soldiers to a mental health program, job services and other veterans groups and meetups.<ref name="wework crunchbase"/><ref>{{cite web|title=Veterans Get Help From Local Organizations|url=https://patch.com/illinois/aurora/veterans-get-help-local-organizations|website=patch.com|accessdate=15 November 2017}}</ref>
|-
| 2017 || July 5 || Expansion (international) || WeWork enters India, opening a 2,200-seater community workspace in {{w|Bangalore}}.<ref>{{cite web|last1=Dhamija|first1=Anshul|title=India is probably the biggest market for us: WeWork's Miguel McKelvey|url=http://www.forbesindia.com/article/real-issue/india-is-probably-the-biggest-market-for-us-weworks-miguel-mckelvey/48407/1|website=forbesindia.com|accessdate=25 October 2017}}</ref><ref>{{cite web|title=WeWork Enters India, Launches 2,200 Member Capacity Coworking Space In Bengaluru|url=https://inc42.com/buzz/wework-coworking-bengaluru/|website=inc42.com|accessdate=25 October 2017}}</ref><ref>{{cite web|title=WeWork to add co-working space equivalent to 100 football fields in India|url=http://www.moneycontrol.com/news/business/wework-to-add-co-working-space-equivalent-to-100-football-fields-in-india-2389167.html|website=moneycontrol.com|accessdate=25 October 2017}}</ref><ref>{{cite web|last1=Paul|first1=Binu|title=World’s biggest co-working startup WeWork enters India with mega facility|url=World’s biggest cohttps://www.vccircle.com/us-workspace-provider-wework-working startup WeWork enters India with mega -india-opens-facility-in-bengaluru/|website=vccircle.com|accessdate=25 October 2017}}</ref>
|-
| 2017 || July 10 || Funding || WeWork raises US$760 million in a new Series G funding round, putting the coworking company's valuation at US$20 billion according to sources close to the deal.<ref name="Funding rounds">{{cite web|title=Funding Rounds|url=https://www.crunchbase.com/organization/wework/funding_rounds/funding_rounds_list|website=crunchbase.com|accessdate=20 October 2017}}</ref><ref>{{cite web|last1=Bertoni|first1=Steven|title=WeWork Hits $20 Billion Valuation In New Funding Round|url=https://www.forbes.com/sites/stevenbertoni/2017/07/10/wework-hits-20-billion-valuation-in-new-funding-round/#7f40ddc21194|website=forbes.com|accessdate=20 October 2017}}</ref><ref>{{cite web|last1=Noto|first1=Anthony|title=WeWork's new funding round puts company's valuation at $20 billion|url=https://www.bizjournals.com/newyork/news/2017/07/12/wework-valuation-at-20-billion-dollars.html|website=bizjournals.com|accessdate=20 October 2017}}</ref><ref>{{cite web|last1=Balakrishnan|first1=Anita|title=Office-sharing start-up WeWork gets $760 million in new cash|url=https://www.cnbc.com/2017/07/11/wework-raises-series-g-round-at-20-billion-valuation-report-says.html|website=cnbc.com|accessdate=20 October 2017}}</ref>
| 2017 || October || Service || WeWork opens first permanent gym, in {{w|Manhattan}}.<ref>{{cite web|last1=Gibson|first1=Eleanor|title=WeWork ventures into health and fitness with first gym in New York|url=https://www.dezeen.com/2017/10/15/rise-by-we-work-first-gym-financial-district-new-york/|website=dezeen.com|accessdate=19 October 2017}}</ref><ref>{{cite web|title=First Offices, Then Apartments, Now Gyms? WeWork Launches New Wellness Concept|url=https://www.forbes.com/sites/bisnow/2017/10/17/first-offices-then-apartments-now-gyms-wework-launches-new-wellness-concept/#426f883f6e93|website=forbes.com|accessdate=19 October 2017}}</ref><ref>{{cite web|title=WeWork joins the gym business|url=https://therealdeal.com/2017/05/25/wework-joins-the-gym-business/|website=therealdeal.com|accessdate=19 October 2017}}</ref><ref>{{cite web|last1=Eldredge|first1=Barbara|title=WeWork’s first gym is pretty fancy|url=https://www.curbed.com/2017/10/17/16487838/wework-gym-85-broad-membership-inside-rise-by-we|website=curbed.com|accessdate=19 October 2017}}</ref>
|-
| 2017 || November 5 || Service Venture launch || {{w|Rebekah Neumann}} ({{w|Adam Neumann}} spouse) first announces WeGrow as a private school for children aged 3 through students in grade 4.<ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2017-11-06/wework-hits-education-with-an-entrepreneurial-school-for-kids|title=WeWork opens kindergarten Is Launching a Grade School for Budding Entrepreneurs|last=Plagianos|first=Irene|date=November 6, 2017|work={{w|Bloomberg News}}|access-date=26 December 2019}}</ref> The first permanent location is in WeWork's New York headquarters,<ref>{{Cite news|url=https://www.dailydot.com/debug/wework-elementary-school/|title=WeWork is starting an elementary school for 'young entrepreneurs'|last=Bonnington|first=Christina|date=November 6, 2017|work={{w|The Daily Dot}}|access-date=26 December 2019}}</ref> where a kindergarten is set up with aims at teaching entrepreneurship. The students, all between five and eight years old, have already taken take classes on sales techniques, brand-building, and supply and demand.<ref>{{cite web|title=WeWork is starting an elementary school to turn kindergarteners into tech founders|url=http://mashable.com/2017/11/06/wework-for-kids/#vGdL61Q0Tiq4|website=mashable.com|accessdate=8 November 2017}}</ref><ref>{{cite web|last1=Lidsky|first1=David|title=WeWork Founder Hopes Her New School Will Help 5-Year-Olds Pursue Their Life’s Purpose|url=https://www.fastcompany.com/40489360/wework-founder-hopes-her-new-school-will-help-5-year-olds-pursue-their-lifes-purpose|website=fastcompany.com|accessdate=8 November 2017}}</ref><ref>{{cite web|last1=Brown|first1=Jennings|title=WeWork Wants to Teach Kindergartners to Disrupt Shit Up|url=https://gizmodo.com/wework-wants-to-teach-kindergartners-to-disrupt-shit-up-1820183260|website=gizmodo.com|accessdate=8 November 2017}}</ref><ref>{{cite web|title=WeWork is giving kindergarteners business classes|url=http://mashable.com/2017/11/06/wework-for-kids/#vGdL61Q0Tiq4|website=mashable.com|accessdate=8 November 2017}}</ref> |-| 2017 || October || Acquisition || WeWork acquires coding bootcamp Flatiron School, a platform that offers both online and offline classes to people interested in the tech industry.<ref>{{cite web |title=WeWork acquires Flatiron School |url=https://techcrunch.com/2017/10/23/wework-acquires-flatiron-school/ |website=techcrunch.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork acquires Flatiron School in another stealth deal |url=https://www.builtinnyc.com/2017/10/24/wework-flatiron-school-acquisition |website=builtinnyc.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=Flatiron School teams up with WeWork |url=https://flatironschool.com/flatiron-school-joins-wework/ |website=flatironschool.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork-owned coding bootcamp Flatiron School expands to west coast with new Seattle location |url=https://www.geekwire.com/2018/wework-owned-coding-bootcamp-flatiron-school-expands-west-coast-new-seattle-location/ |website=geekwire.com |accessdate=27 December 2019}}</ref>|-| 2017 || November || Acquisition || WeWork pays US$200 million to acquire social networking service Meetup, which runs a website that lets people create, organize, and join groups around specific interests, usually for the sake of hosting events and inviting people to them.<ref>{{cite web |title=$20 billion startup WeWork continues its shopping spree with $200 million for Meetup |url=https://www.businessinsider.com/wework-buys-meetup-for-200-million-2017-11 |website=businessinsider.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork acquires Meetup |url=https://www.wework.com/newsroom/posts/wework-x-meetup |website=wework.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork acquires Meetup as acquisition spree continues |url=https://mashable.com/2017/11/27/wework-meetup-acquisition/ |website=mashable.com |accessdate=27 December 2019}}</ref> |-| 2018 || April 11 || Acquisition || WeWork acquires Chinese rival Naked Hub, a coworking company with 10,000 members in 24 locations, as large in China as WeWork, which has 10,000 members in a dozen locations.<ref>{{cite web |title=WeWork Buys naked Hub, Accelerating China Co-Working Space Consolidation |url=https://www.forbes.com/sites/russellflannery/2018/04/12/wework-buys-naked-hub-accelerating-china-co-working-space-consolidation/#62f249d7763d |website=forbes.com |accessdate=27 December 2019}}</ref><ref>{{cite web |last1=Russell |first1=Jon |title=WeWork confirms deal to buy Naked Hub, one of its main competitors in China |url=https://techcrunch.com/2018/04/11/wework-confirms-deal-to-buy-naked-hub-one-of-its-main-competitors-in-china/ |website=techcrunch.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork Is Acquiring China’s Naked Hub for $400 Million |url=https://www.bloomberg.com/news/articles/2018-04-11/wework-is-acquiring-china-s-naked-hub-for-400-million |website=bloomberg.com |accessdate=27 December 2019}}</ref>|-| 2018 || May 16 || Acquisition || WeWork elementary school WeGrow acquires MissionU, a one-year vocational bootcamp aimed at students ages 19-25, enrolling them in a one-year program designed as preparation for business intelligence jobs.<ref>{{cite web |title=WeWork acquires MissionU to boost education ambitions |url=https://www.axios.com/wework-acquires-missionu-to-boost-education-ambitions-d46232c8-3cc3-45d3-a72a-3acfa16e2985.html |website=axios.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork Strengthens WeGrow By Acquiring MissionU |url=https://givingcompass.org/article/strengthening-wegrow-by-acquiring-missionu/ |website=givingcompass.org |accessdate=27 December 2019}}</ref><ref>{{cite web |title=MissionU acquired by The We Company |url=https://www.crunchbase.com/acquisition/wework-acquires-missionu--180f10b8#section-overview |website=crunchbase.com |accessdate=27 December 2019}}</ref>|-| 2018 || April || Acquisition || WeWork acquires UK purchasing office fit-out company LTB, which specializes in office design, fit-out, refurbishment and relocation.<ref>{{cite web |title=WeWork makes first acquisition of a UK company |url=https://www.propertyweek.com/news/wework-makes-first-acquisition-of-a-uk-company-/5095991.article |website=propertyweek.com |accessdate=31 December 2019}}</ref> |-| 2018 || April || Merger || It is announced that WeWork has merged its China operations with local competitor Naked Hub.<ref>{{cite web|title=Wework Is Acquiring China's naked Hub for 400 million|url=https://www.bloomberg.com/news/articles/2018-04-11/wework-is-acquiring-china-s-naked-hub-for-400-million|website=Bloomberg|accessdate=26 December 2019}}</ref>|-| 2018 || August || Acquisition || WeWork acquires Designation, a for-profit design school.<ref>{{Cite news|url=https://www.fastcompany.com/90228151/wework-just-acquired-a-chicago-design-school|title=WeWork just acquired a Chicago design school|last=Grothaus|first=Michael|date=August 28, 2018|work=[[w:Fast Company (magazine)|Fast Company]]|access-date=26 December 2019}}</ref>|-| 2018 || September 12 || Acquisition || WeWork acquires {{w|Salt Lake City}}-based software startup Teem for a reported US$100 million. Teem develops facility management software.<ref>{{cite web |title=WeWork acquires Utah software startup Teem for a reported $100 million |url=https://venturebeat.com/2018/09/12/wework-acquires-utah-software-startup-teem-for-a-reported-100-million/ |website=venturebeat.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork acquires workplace software and analytics leader Teem |url=https://www.wework.com/newsroom/posts/wework-acquires-workplace-software-and-analytics-leader-teem |website=wework.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork Acquires Office Management Software Team, Teem |url=https://news.crunchbase.com/news/wework-acquires-office-management-software-teem/ |website=news.crunchbase.com |accessdate=27 December 2019}}</ref>|-| 2018 || November || Funding || WeWork signs a warrant with {{w|SoftBank}}, securing an additional US$3 billion in funding from the Japanese group.<ref>{{cite web |title=WeWork gets $3 billion in new funding from SoftBank |url=https://www.reuters.com/article/us-wework-m-a-softbank-group/wework-gets-3-billion-in-new-funding-from-softbank-idUSKCN1NI213 |website=reuters.com |accessdate=3 January 2020}}</ref><ref>{{cite web |title=SoftBank committed another $3 billion to WeWork, and the deal could value the office sharing firm at around $42 billion |url=https://www.businessinsider.com/wework-raises-3-billion-from-softbank-2018-11 |website=businessinsider.com |accessdate=3 January 2020}}</ref><ref>{{cite web |title=SoftBank Commits Another $3 Billion to WeWork |url=https://www.bloomberg.com/news/articles/2018-11-13/softbank-commits-another-3-billion-to-wework |website=bloomberg.com |accessdate=3 January 2020}}</ref>|-| 2019 || January || Rebranding || WeWork decides to change its legal name to ''We Company''. Under the new brand, the startup would consist of three business units. Beyond the existing WeWork entity, the new model includes the spin-offs WeLive, which runs community-oriented coliving "hacker houses" in New York and Arlington, Virginia; and WeGrow, which is more education-focused.<ref>{{cite web |title=WeWork is changing its name to 'The We Company' as SoftBank invests $2 billion |url=https://www.businessinsider.com/wework-changes-name-to-the-we-company-2019-1 |website=businessinsider.com |accessdate=26 December 2019}}</ref><ref>{{cite web |title=WeWork Is Changing Its Name, and It's a Truly Terrible Idea |url=https://www.inc.com/bill-murphy-jr/wework-is-changing-its-name-its-totally-insane.html |website=inc.com |accessdate=26 December 2019}}</ref><ref>{{cite web |title=WeWork Becomes The We Company as It Looks Beyond Office Space |url=https://fortune.com/2019/01/08/wework-rebrands-the-we-company/ |website=fortune.com |accessdate=26 December 2019}}</ref>|-| 2019 || January || Funding || The We Company secures an additional US$2 billion from the {{w|SoftBank Group}}.<ref>{{Cite news|url=https://www.wsj.com/articles/wework-raises-additional-capital-from-softbank-11546967337?mod=searchresults&page=1&pos=2|title=WeWork Raises Additional Capital From SoftBank|last=Prang|first=Allison|date=January 8, 2019|work=The Wall Street Journal|access-date=26 December 2019}}</ref>|-| 2019 || February 7 || Acquisition || The We Company acquires tech company Euclid, which provides a platform aimed at observing the movements of people in a workspace.<ref>{{cite web |title=Euclid acquired by The We Company |url=https://www.crunchbase.com/acquisition/wework-acquires-euclid--fb735959#section-overview |website=crunchbase.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork just made its first acquisition of 2019, snapping up a visitor identity and behavior company |url=https://techcrunch.com/2019/02/07/wework-just-acquired-spatial-analytics-platform-euclid-to-bolster-its-software-offerings/ |website=techcrunch.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork Acquires Tech Firm ‘Euclid’ to Diversify its Services |url=https://coworkingmag.com/news/wework-acquires-tech-firm-euclid-to-diversify-its-services/ |website=coworkingmag.com |accessdate=27 December 2019}}</ref>|-| 2019 || April 4 || Acquisition || The We Company acquires US$249 million valued Managed by Q, an office management platform for tenants to hire on-demand service workers for office-management tasks like cleaning or staffing reception desks.<ref>{{cite web |title=WeWork acquires Managed by Q |url=https://techcrunch.com/2019/04/03/wework-acquires-managed-by-q/ |website=techcrunch.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork acquires $249 million office-services startup Managed by Q as it goes after larger business customers |url=https://www.businessinsider.com/wework-acquires-managed-by-q-2019-4 |website=businessinsider.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=Managed by Q acquired by The We Company |url=https://www.crunchbase.com/acquisition/wework-acquires-managed-by-q--f73b5808#section-overview |website=crunchbase.com |accessdate=27 December 2019}}</ref>|-| 2019 || April 29 || Financial || The We Company files confidentially for an {{w|Initial public offering}}.<ref>{{cite web |title=The We Company, better known as WeWork, files confidentially for IPO |url=https://www.cnbc.com/2019/04/29/the-we-company-formerly-known-as-wework-files-confidentially-for-ipo.html |website=cnbc.com |accessdate=26 December 2019}}</ref><ref>{{cite web |title=WeWork files confidentially for IPO |url=https://techcrunch.com/2019/04/29/wework-files-confidentially-for-ipo/ |website=techcrunch.com |accessdate=26 December 2019}}</ref><ref>{{cite web |title=WeWork Files for I.P.O., Joining Wave of Cash-Burning Start-Ups in Going Public |url=https://www.nytimes.com/2019/04/29/business/dealbook/wework-ipo-filing.html |website=nytimes.com |accessdate=26 December 2019}}</ref>|-| 2019 || May || Funding || The We Company receives US$575.0 million in Series G funding by [[w:Amazon (company)|Amazon]], [[w:Fidelity Investments|Fidelity Management and Research Company]], Greenoaks Capital, and {{w|T. Rowe Price}}.<ref name="craft.covvvv">{{cite web |title=WeWork funding rounds, valuation and investors |url=https://craft.co/wework/funding-rounds |website=craft.co |accessdate=3 January 2020}}</ref>|-| 2019 || June 19 || Acquisition || The We Company acquires Islands, a digital platform that people can use to communicate with each other.<ref>{{cite web |title=Islands x WeWork |url=https://medium.com/indicator-ventures/islands-x-wework-24f3e3892a8c |website=medium.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=Montrealer Greg Isenberg sells Islands to WeWork |url=http://www.montrealintechnology.com/montrealer-greg-isenberg-sells-islands-to-wework/ |website=montrealintechnology.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=Islands acquired by The We Company |url=https://www.crunchbase.com/acquisition/wework-acquires-islands--e1f86afa#section-overview |website=crunchbase.com |accessdate=27 December 2019}}</ref>|-| 2019 || June 24 || Acquisition || The We Company acquires American mobile-focused product agency Prolific Interactive.<ref>{{cite web |title=Prolific Interactive acquired by The We Company |url=https://www.crunchbase.com/acquisition/wework-acquires-prolific-interactive--e530f673#section-overview |website=crunchbase.com |accessdate=3 January 2020}}</ref><ref>{{cite web |title=The We Company Acquires Prolific Interactive |url=https://mergr.com/the-we-company-acquires-prolific-interactive |website=mergr.com |accessdate=3 January 2020}}</ref><ref>{{cite web |title=Our Next Chapter: Joining The We Company |url=https://www.prolificinteractive.com/ |website=prolificinteractive.com |accessdate=3 January 2020}}</ref>|-| 2019 || June 25 || Acquisition || The We Company acquires building access and security management startup Waltz, which offers a mobile app that allows workers to access a building’s turnstiles, elevators, and doors with an electronic pass.<ref>{{cite web |title=WeWork acquires Waltz, in third acquisition of the year |url=https://www.dailybeatny.com/2019/06/26/wework-acquires-waltz/ |website=dailybeatny.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork acquires Waltz, an app that lets users access different spaces with a single credential |url=https://techcrunch.com/2019/06/25/wework-acquires-waltz-an-app-that-lets-users-access-different-spaces-with-a-single-credential/ |website=techcrunch.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork to acquire mobile access control expert Waltz, enhancing global platform |url=https://www.wework.com/ideas/wework-to-acquire-mobile-access-control-expert-waltz-enhancing-global-platform |website=wework.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=Why WeWork Acquired Waltz |url=https://pulse2.com/why-wework-acquired-waltz/ |website=pulse2.com |accessdate=27 December 2019}}</ref> |-| 2019 || July 18 || || The Wall Street Journal reports that {{w|Adam Neumann}} has liquidated US$700 million of his WeWork stock before its {{w|IPO}}.<ref>{{Cite web|url=https://www.wsj.com/articles/wework-co-founder-has-cashed-out-at-least-700-million-from-the-company-11563481395|title=WeWork Co-Founder Has Cashed Out at Least $700 Million Via Sales, Loans|last=Das|first=Eliot Brown, Maureen Farrell and Anupreeta|website=WSJ|language=en-US|access-date=26 December 2019}}</ref>|-| 2019 || July 30 || Acquisition || The We Company acquires California-based space and workplace management software vendor SpaceIQ, which provides a cloud-based workplace management platform.<ref>{{cite web |title=WeWork Acquires SpaceIQ To Equip Itself With Space Planning Tools For Its Growing Enterprise Customer Base |url=https://www.verdantix.com/blog/wework-acquires-spaceiq-to-equip-itself-with-space-planning-tools-for-its-growing-enterprise-customer-base |website=verdantix.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork to acquire workplace real estate platform SpaceIQ, expanding enterprise technology suite |url=https://www.wework.com/ideas/wework-to-acquire-workplace-real-estate-platform-space-iq-expanding-enterprise-technology-suite |website=wework.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork is in talks to acquire start-up SpaceIQ as it pushes into software ahead of IPO |url=https://www.cnbc.com/2019/07/30/wework-is-in-talks-to-acquire-software-start-up-spaceiq.html |website=cnbc.com |accessdate=27 December 2019}}</ref>|-| 2019 || August 24 || Financial || The We Company's {{w|SEC filing}} states that the company faces substantial risk in the event of an economic downturn,<ref>{{Cite web|date=August 24, 2019|publisher=UNITED STATES SECURITIES AND EXCHANGE COMMISSION|location=Washington, D.C. 20549|title=FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |author=The We Company| website=sec.gov|url=https://www.sec.gov/Archives/edgar/data/1533523/000119312519220499/d781982ds1.htm}}</ref> because it has US$47 billion of future lease obligations and only $4 billion of future lease commitments.<ref name=BT >{{ cite news | url=https://www.businessinsider.com/wework-47-billion-and-4-billion-lease-disparity-dangerous-recipe-2019-8 | title=2 big numbers — $4 billion and $47 billion — sum up WeWork's business model and the risky reason it could collapse in a recession | last=Wolverton | first=Troy | newspaper=Business Insider | date=August 21, 2019 | accessdate=September 17, 2019| quote=The company touted its $4 billion in future lease commitments from its customers. But it also disclosed that it had $47 billion in future lease obligations to its landlords. }}</ref>|-| 2019 || August 27 || Acquisition || The We Company acquires rival co-working business, Spacious, a three-year-old, New York-based startup that turns restaurants that sit empty during the day into co-working spaces.<ref>{{cite web |title=WeWork acquires co-working rival Spacious |url=https://techcrunch.com/2019/08/27/wework-acquires-co-working-rival-spacious/ |website=techcrunch.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork just acquired a startup that converts empty New York and San Francisco restaurants into coworking spaces |url=https://www.businessinsider.com/wework-acquires-spacious-restaurant-workspaces-2019-8 |website=businessinsider.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork Continues Consolidation Spree with Acquisition of Spacious |url=https://fortune.com/2019/08/27/wework-consolidation-spacious-acquisition/ |website=fortune.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork acquires restaurant-coworking startup Spacious |url=https://www.crainsnewyork.com/real-estate/wework-acquires-restaurant-coworking-startup-spacious |website=crainsnewyork.com |accessdate=27 December 2019}}</ref>|-| 2019 || August || Financial || The We Company filed [[w:Form S-1|S-1]] paperwork goes public.<ref>{{cite web |last1=Lopatto |first1=Elizabeth |title=We Work isnt't a Tech Company; It's a Soap Opera |url=https://www.theverge.com/2019/8/15/20806366/we-company-wework-ipo-adam-neumann |publisher=The Verge |accessdate=August 16, 2019}}</ref> According to it, WeWork paid US$5.9 million to [[w:Brand licensing|license]] the name from an entity called We Holdings owned by Adam Neumann and additional WeWork founders.<ref>{{cite news |last=Pressman |first=Aaron |url=https://fortune.com/2019/08/16/wework-ipo-adam-neumann-loans/ |title=Inside the Bananas, Bonkers, and Unbelievable WeWork IPO Filing—Data Sheet |work=Fortune (magazine) |date=August 16, 2019|accessdate=26 December 2019}}</ref><ref>{{Cite web |title= Form S-1: Registration Statement |date= August 15, 2019 |publisher= United States Securities and Exchange Commission |url= https://sec.report/Document/0001193125-19-220499/ |accessdate= August 21, 2019 }}</ref>|-| 2019 || August || Growth || As of date, The We Company has 500 locations in 29 countries.<ref>{{cite web |title=WeWork: The rise and fall of co-founder Adam Neumann |url=https://www.bbc.com/news/business-49817037 |website=bbc.com |accessdate=27 December 2019}}</ref>|-| 2019 || September 4 || Leadership || The We Company adds its first female director, {{w|Harvard Business School}} professor {{w|Frances Frei}}, to the company's board of directors.<ref>{{cite web |title=WeWork to Add First Woman Board Member, Undo Trademark Deal |url=https://www.wsj.com/articles/wework-to-add-first-female-board-member-undo-trademark-deal-11567616167 |website=wsj.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork’s new board member has a history of reforming sexist cultures |url=https://qz.com/work/1704313/who-is-weworks-first-female-board-member-frances-frei/ |website=qz.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=Meet Frances Frei, WeWork’s first female board member |url=https://therealdeal.com/national/2019/09/04/meet-frances-frei-weworks-first-female-board-member/ |website=therealdeal.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork acquires co-working rival Spacious |url=https://techcrunch.com/2019/08/27/wework-acquires-co-working-rival-spacious/ |website=techcrunch.com |accessdate=27 December 2019}}</ref>|-| 2019 || September 17 || Financial || The We Company decides to postpone its {{w|IPO}} until the end of 2019. In a prepared statement, the company says "The We Company is looking forward to our upcoming IPO, which we expect to be completed by the end of the year"<ref>{{Cite news|url=https://www.reuters.com/article/us-wework-ipo-idUSKBN1W12T6|title=WeWork delays IPO after frosty investor response|date=September 17, 2019|work=Reuters|access-date=26 December 2019|language=en}}</ref><ref>{{cite news |last=Staff |first=Writer |url=https://www.cbsnews.com/news/wework-ipo-delayed-despite-a-hot-year-for-ipos-weworks-stock-sale-is-delayed/ |title=Despite a hot year for IPOs, WeWork's stock sale is delayed |work={{w|CBS News}} |date=September 17, 2019 |accessdate=26 December 2019}}</ref> It is reported that The We Company may seek a valuation in its upcoming initial public offering of between US$10 billion and $12 billion, in contrast to the $47 billion valuation it achieved in January.<ref>{{cite web |title=WeWork is now considering an IPO valuation as low as $10 billion, down from $47 billion |url=https://www.businessinsider.com/exclusive-wework-considers-ipo-valuation-of-as-low-as-10-billion-sources-2019-9 |website=businessinsider.com |accessdate=27 December 2019}}</ref>|-| 2019 || September 24 || {{w|Divestment}} || The We Company sells the company's $60 million luxurious private {{w|Gulfstream G650}} that Adam Neumann and his family personalized and used to fly all over the world. Critics say the plane has become a "red flag in the lead up to the company's IPO" and has created perceptual problems with employees who didn't receive promised bonuses or raises.<ref>{{cite news|last1=Morris |first1=Meghan |title=WeWork is selling the company's $60 million luxurious private jet that Adam Neumann and his family personalized and used to fly all over the world |url=https://www.businessinsider.com/wework-is-putting-neumanns-60-million-jet-up-for-sale-2019-9 |website=Business Insider |accessdate=26 December 2019}}</ref>|-| 2019 || September 24 || Leadership || {{w|Adam Neumann}} announces resignation as {{w|CEO}} of The We Company, changing his role as non-executive chairman of the board. Neumann previously faced increasing pressure to relinquish his position after reports highlighted strange behaviors, including drug use and desires to become Israel’s prime minister.<ref>{{cite web |title=WeWork CEO Adam Neumann is stepping down |url=https://www.theverge.com/2019/9/24/20882034/wework-ceo-adam-neumann-stepping-down-chairman |website=theverge.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork CEO Adam Neumann steps down |url=https://www.cnbc.com/2019/09/24/wework-ceo-adam-neumann-is-expected-to-step-down-amid-controversy-and-retain-chair-role-wsj-reports.html |website=cnbc.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=Adam Neumann gives up most of his voting power and steps down as WeWork's CEO, saying intense public scrutiny of him was a 'distraction.' 2 execs will permanently replace him. |url=https://www.businessinsider.com/wework-co-founder-adam-neumann-is-stepping-down-as-ceo-2019-9 |website=businessinsider.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork CEO Adam Neumann steps down |url=https://techcrunch.com/2019/09/24/report-weworks-adam-neumann-to-step-down-as-ceo/ |website=techcrunch.com |accessdate=27 December 2019}}</ref>|-| 2019 || September 27 || {{w|Divestment}} || According to report in ''Fortune'', The We Company seeks to divest and sell off three businesses acquired in recent years. The three companies are [[w:Conductor (company)|Conductor]], {{w|Managed by Q}}, and {{w|Meetup}}. The company also seeks to layoff between 2,000 and 3,000 people to reduce costs. The report also states that approximately 20 long-time friends and family members would be let go from the company.<ref>{{cite news |last=Shen |first=Lucinda |url=https://fortune.com/2019/09/27/wework-founder-adam-neumann-is-out-the-door-his-friends-may-be-next/ |title=WeWork Founder Adam Neumann Is Out the Door—His Friends May be Next |work=[[w:Fortune (magazine)|Fortune]] |accessdate=26 December 2019}}</ref>|-| 2019 || September || Leadership || It is announced that {{w|Rebekah Neumann}} would step down as CEO of WeGrow and will relinquish her role in WeCompany.<ref name="Davis">{{cite news |last=Davis |first=Michelle F. |last2=Bloomberg |first2=Writer |url=https://fortune.com/2019/09/24/wework-ceo-adam-neumann-stepping-down-ipo/ |title=WeWork CEO Adam Neumann Stepping Down |work=[[w:Fortune (magazine)|Fortune]] |date=September 24, 2019 |accessdate=27 December 2019}}</ref>|-| 2019 || October 14 || Security || {{w|CNBC}} reports that WeWork has warned clients that approximately 1,600 office phone booths at some of its offices in Canada and the United States are tainted with {{w|formaldehyde}}. The company says another 700 phone booths would possibly be taken out of service as a precautionary measure. This situation comes to the attention of the company after some members report {{w|eye irritation}} and a strong odor.<ref>{{cite news |last=Palmer |first=Annie |url=https://www.cnbc.com/2019/10/14/wework-office-phone-booths-formaldehyde.html |title=WeWork alerts members that at least 1,600 of its office phone booths are tainted with formaldehyde |work={{w|CNBC}} |date=October 14, 2019 |accessdate=27 December 2019}}</ref>|-| 2019 || October || Legal || Medina Bardhi, the former chief of staff for Adam Neumann, sues We Company over various allegations including a {{w|gender pay gap}}, marijuana use by company executives, and {{w|pregnancy discrimination}}.<ref>{{Cite web|url=https://www.cnbc.com/2019/10/31/ex-wework-ceo-accused-of-gender-discrimination-in-new-lawsuit.html|title=Ex-WeWork CEO accused of gender discrimination, smoking pot in front of pregnant staffer|last=Feuer|first=Lauren Feiner,William|date=2019-10-31|website=CNBC|language=en|access-date=26 December 2019}}</ref>|-| 2019 || October || Expansion (international) || The We Company announces the opening of new co-working locations in {{w|Singapore}} and {{w|Manila}}.<ref>{{Cite news|url=https://www.reuters.com/article/us-wework-expansion-singapore-idUSKBN1WP0CG|title=WeWork to open new co-working sites in Singapore and Manila|date=October 10, 2019|work=Reuters|access-date=26 December 2019|language=en}}</ref>|-| 2019 || November 6 || Funding || {{w|SoftBank Group}} reports a US$9.2 billion in [[w:Write-off#Writedown|write-downs]] on its investments in WeWork. This amount is approximately 90 percent of the $10.3 billion SoftBank invested in WeWork over the past few years.<ref>{{cite news |last=Sherman |first=Erik |url=https://fortune.com/2019/11/06/softbank-wework-uber-write-down/ |title=SoftBank Group Writes Down $9.2 Billion on WeWork—and That’s Only the Beginning of the Bad News |work={{w|Fortune (magazine)}} |date=2019-11-06 |accessdate=26 December 2019}}</ref> |-| 2019 || November || Acquisition || {{w|SoftBank Group}} takes control of at least 70 percent of the The We Company's equity, and announces plans to spend somewhere between $4 billion and $5 billion on new funding and existing shares. The deal values The We Company between $7.5 billion and $8 billion on a prefunding basis.<ref name="Goldman Sachs To Extend $1.75B Credit Line To WeWork"/><ref>{{cite web |title=SoftBank to take control of WeWork: Sources |url=https://www.cnbc.com/2019/10/21/softbank-to-take-control-of-wework-sources.html |website=cnbc.com |accessdate=31 December 2019}}</ref>|-| 2019 || November || Staff || WeWork confirms having cut 2,400 jobs in a round of layoffs following its failed IPO attempt.<ref>{{cite web |title=WeWork lays off 2,400 employees |url=https://www.insider.com/wework-lays-off-2400-employees-2019-11 |website=insider.com |accessdate=27 December 2019}}</ref> |-| 2019 || December || Funding || The We Company arranges US$1.75 billion credit line with American multinational investment bank {{w|Goldman Sachs}}.<ref>{{cite web |title=WeWork arranges $1.75 billion credit line with Goldman Sachs |url=https://www.reuters.com/article/us-wework-goldmansachs-credit/wework-arranges-1-75-billion-credit-line-with-goldman-sachs-idUSKBN1YM010 |website=reuters.com |accessdate=31 December 2019}}</ref><ref>{{cite web |title=WeWork Receives “Life-Saving Loan”: Goldman Sachs Supports $ 1.8 Billion |url=https://technology-info.net/index.php/2019/12/18/wework-receives-life-saving-loan-goldman-sachs-supports-1-8-billion/ |website=technology-info.net |accessdate=31 December 2019}}</ref><ref name="Goldman Sachs To Extend $1.75B Credit Line To WeWork">{{cite web |title=Goldman Sachs To Extend $1.75B Credit Line To WeWork |url=https://news.crunchbase.com/news/goldman-sachs-to-extend-1-75b-credit-line-to-wework/ |website=news.crunchbase.com |accessdate=31 December 2019}}</ref>
|-
|}
===What the timeline is still missing===
[https://www.wsj.com/articles/wework-takes-a-dip-in-the-wave-pool-business-1510765780]
===Timeline update strategy===
==See also==
==External links==* [[Timeline of Airbnb]]
==References==
{{Reflist|30em}}
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