Difference between revisions of "Timeline of WeWork"

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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.
 
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.
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== Sample questions ==
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The following are some interesting questions that can be answered by reading this timeline:
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* What are the several WeWork investment funding rounds?
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** Sort the full timeline by "Event type" and look for the group of rows with value "Funding".
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** You will see the amounts raised and the orders of {{w|venture capital financing}} funding rounds.
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* What are the several partnerships WeWork was involved in?
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** Sort the full timeline by "Event type" and look for the group of rows with value "Partnership".
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* What are the various aquisitions by WeWork?
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** Sort the full timeline by "Event type" and look for the group of rows with value "Acquisition".
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* What are some notable workplace expansions throughout the years?
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** 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)".
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* Who are important people associated with WeWork?
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** Sort the full timeline by "Event type" and look for the group of rows with value "Leadership".
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** You will see information about its founders, and people with important roles in the company.
  
 
==Big picture==
 
==Big picture==
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| 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>
 
| 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>
 
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| 2019 || The We Company era || WeWork is rebranded as the We Company.
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| 2019 || The We Company era || WeWork {{w|Initial public offering}} attempt becomes one of the most notable 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.
 
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== Visual Data ==
 
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[[File:Funding Rounds for WeWork, in US$..png|thumb|center|400px|Funding Rounds for WeWork, in US$.]]
 
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[[File:Wework2019b.png|thumb|center|800px|WeWork expansion as of December 2019.<ref>{{cite web |title=WeWork Locations |url=https://www.wework.com/locations |website=wework.com |accessdate=26 December 2019}}</ref>]]
 
  
 
==Full timeline==
 
==Full timeline==
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| 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>
 
| 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>
 
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| 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"/>
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| 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"/>
 
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| 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"/>
 
| 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"/>
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| 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 || 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"/>
 
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| 2014 || December 15 || Funding || WeWork receives US$355,000,000 in Series D funding round. 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>
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| 2014 || December 15 || Funding || WeWork receives US$355,000,000 in Series D funding round. Investors include T. Rowe Price, Goldman Sachs.<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>
 
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| 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 || 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>  
 
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| 2015 || June 1 || Team || WeWork announces {{w|Time Warner Cable}} {{w|Chief financial officer}} 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>
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| 2015 || June 1 || Leadership || WeWork announces {{w|Time Warner Cable}} {{w|Chief financial officer}} {{w|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>
 
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| 2015 || June 25 || Funding || WeWork receives US$433,934,331 in Series E funding round. Glade Brook Capital Partners. 4 investors.<ref name="Funding rounds"/>
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| 2015 || June 25 || Funding || WeWork receives US$433,934,331 in Series E funding round. 4 investors participate, including Glade Brook Capital Partners.<ref name="Funding rounds"/>
 
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| 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"/>
 
| 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"/>
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| 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 || 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>
 
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| 2016 || August || || 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>
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| 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>
 
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| 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>  
 
| 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 $16.9B|website=bisnow.com|accessdate=20 October 2017}}</ref>  
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| 2017 || February 26 || Funding || Japanese telecommunications company {{w|Softbank}} invests US$ 3 billion in WeWork Private Equity Round and Secondary Market investment round.<ref name="Funding rounds"/>
 
| 2017 || 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"/>
 
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| 2017 || April 25 || Service || 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>
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| 2017 || April 25 || 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>
 
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| 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 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>
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| 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 || 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>
 
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| 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 co-working startup WeWork enters India with mega facility|website=vccircle.com|accessdate=25 October 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=https://www.vccircle.com/us-workspace-provider-wework-enters-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 || 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>
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| 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 || 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 || || {{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 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, 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 || November 5 || 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 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, 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 || 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 millions 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>  
+
| 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 || 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>
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| 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 || 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 LTB.
+
| 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 || 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>
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| 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 || 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 || "When Neumann took investments from SoftBank in November 2018 ($3 billion)"
+
| 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 || 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>
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| 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 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>
 
|-
 
|-
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| 2019 || April 29 || || 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 || 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>
 
|-
 
|-
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| 2019 || May || Funding || "Series G. May 2019. $575.0 m. Amazon, Fidelity Management and Research Company, Greenoaks Capital, T. Rowe Price"
+
| 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 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>
 
|-
 
|-
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| 2019 || June 24 || Acquisition || The We Company acquires Prolific Interactive.
+
| 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 || 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>  
 
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| 2019 || July 18 || || The Wall Street Journal reports that 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 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 || 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>
 
|-
 
|-
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| 2019 || August 24 || || The We Company's {{w|SEC filing}} states that the company faces substantial risk in the event of an economic downturn: "...we have yet to experience a global economic downturn since founding our business", and "an economic downturn or subsequent declines in market rents may result in increased member terminations and could adversely affect our results of
+
| 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>
−
operations",<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 the company 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>
 
 
|-
 
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| 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 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>
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| 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 || {{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>
 
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| 2019 || September 24 || Leadership || {{w|Adam Neumann}} announces resignment 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 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>
 
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| 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 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>
 
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| 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=[[Fortune (magazine)|Fortune]] |date=September 24, 2019 |accessdate=27 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>
 
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| 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 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>
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| 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 || 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>
 
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| 2019 || November 6 || || {{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 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>  
 
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|-
−
| 2019 || November || SoftBank 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 || 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 || || 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 || 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>  
 
| 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>  
 
|-
 
|-
 
|}
 
|}
 +
 +
== Numerical and visual data  ==
 +
 +
=== Google Scholar ===
 +
 +
The following table summarizes per-year mentions on Google Scholar as of December 13, 2021.
 +
 +
{| class="sortable wikitable"
 +
! Year
 +
! WeWork
 +
|-
 +
| 2011 || 17,000
 +
|-
 +
| 2012 || 17,000
 +
|-
 +
| 2013 || 17,900
 +
|-
 +
| 2014 || 17,800
 +
|-
 +
| 2015 || 17,600
 +
|-
 +
| 2016 || 18,100
 +
|-
 +
| 2017 || 18,000
 +
|-
 +
| 2018 || 18,300
 +
|-
 +
| 2019 || 18,200
 +
|-
 +
| 2020 || 18,600
 +
|-
 +
|}
 +
 +
[[File:Wework gscho.png|thumb|center|700px]]
 +
 +
 +
[[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 December 2019.<ref>{{cite web |title=WeWork Locations |url=https://www.wework.com/locations |website=wework.com |accessdate=26 December 2019}}</ref>]]
 +
 +
=== Google Trends ===
 +
 +
The comparative chart below shows {{w|Google Trends}} data for WeWork (Commercial real estate company) and Coworking (Topic), from January 2004 to April 2021, when the screenshot was taken. Interest is also ranked by country and displayed on world map.<ref>{{cite web |title=WeWork and Coworking |url=https://trends.google.com/trends/explore?date=all&q=%2Fm%2F01306xmp,%2Fm%2F03ccztc |website=Google Trends |access-date=18 April 2021}}</ref>
 +
 +
[[File:WeWork and Coworking gt.png|thumb|center|600px]]
 +
 +
=== Google Ngram Viewer ===
 +
 +
The comparative chart below shows {{w|Google Ngram Viewer}} data for WeWork and Coworking, from 1985 to 2019.<ref>{{cite web |title=WeWork and Coworking |url=https://books.google.com/ngrams/graph?content=Coworking%2CWeWork&year_start=1985&year_end=2019&corpus=26&smoothing=3&direct_url=t1%3B%2CCoworking%3B%2Cc0%3B.t1%3B%2CWeWork%3B%2Cc0#t1%3B%2CCoworking%3B%2Cc0%3B.t1%3B%2CWeWork%3B%2Cc0 |website=books.google.com |access-date=18 April 2021 |language=en}}</ref>
 +
 +
[[File:WeWork and Coworking ngram.png|thumb|center|700px]]
 +
 +
=== 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]]
  
 
==Meta information on the timeline==
 
==Meta information on the timeline==
Line 203: Line 270:
  
 
===What the timeline is still missing===
 
===What the timeline is still missing===
−
[https://www.wsj.com/articles/wework-takes-a-dip-in-the-wave-pool-business-1510765780]
+
 
−
[https://craft.co/wework/funding-rounds]
+
* Regus, the market leader in shared office space / co-working, and how WeWork differed from it
 +
* WeWork Summer Camp e.g., https://www.nytimes.com/2014/09/07/fashion/wework-goes-to-summer-camp.html
 +
* Documentaries about WeWork, e.g., https://www.hulu.com/movie/c6deead3-f45f-43c6-b8bf-fc56e9f8a589 {{w|WeWork:_Or_the_Making_and_Breaking_of_a_$47_Billion_Unicorn}}
  
 
===Timeline update strategy===
 
===Timeline update strategy===
Line 210: Line 279:
 
==See also==
 
==See also==
  
−
==External links==
+
* [[Timeline of Airbnb]]
  
 
==References==
 
==References==
  
 
{{Reflist|30em}}
 
{{Reflist|30em}}

Latest revision as of 11:30, 8 August 2024

This is a timeline of WeWork, an American company which provides 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 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

Time period Development summary More details
2008 – 2010 GreenDesk era GreenDesk, the earliest version of WeWork, is established as a coworking business.
2010 onwards WeWork era GreenDesk is sold and WeWork opens to entrepreneurs with a first location in 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 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.[1] Losses and revenue both double in the year. According to the Financial Times, the company lost US$219,000 each hour of each day from March 2018 to March 2019.[2][3]
2019 The We Company era WeWork Initial public offering attempt becomes one of the most notable 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.[4] WeWork is rebranded as the We Company. In September, Adam Neumann resigns as CEO of the company.

Full timeline

Year Month and date Event type Details
2001 Prelude Future WeWork CEO and cofounder Israeli–born Adam Neumann moves to the United States after serving as a navy officer in the Israeli military.[5]
2008 May Prelude Adam Neumann owns a baby clothing company, working in the same building in 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.[6][7]
2010 Creation Neumann and McKelvey sell Green Desk and WeWork opens its doors to entrepreneurs at its first location in SoHo.[7]
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.[7]
2011 October 25 Funding WeWork receives US$1,000,000 investment in Seed Round.[8]
2012 January 30 Funding WeWork receives $6,850,000 investment in Seed Round.[8]
2012 January 30 Expansion WeWork opens its first space in Los Angeles.[7]
2012 February WeWork Labs relocates at 175 Varick Street, SoHo.[7]
2012 May Expansion WeWork has already four offices in New York and one in Los Angeles. A first space in San Francisco is announced, and would hold approximately 100 entrepreneurs, designers and developers.[7]
2012 July 1 Funding WeWork receives $17,000,000 investment in Series A funding round.[8][7]
2013 May 1 Funding WeWork receives $40,000,000 investment in Series B funding round.[8][7]
2013 October 20 Funding WeWork receives $150,000,000 Series C funding round.[8]
2014 February Expansion WeWork launches two coworking locations in Washington D.C. and one more location in Seattle.
2014 October Expansion (international) WeWork opens its first international location in London’s South Bank.[7]
2014 December 15 Funding WeWork receives US$355,000,000 in Series D funding round. Investors include T. Rowe Price, Goldman Sachs.[8][9][10][11]
2015 May Partnership WeWork partners with Chase with the purpose to offer WeWork members discounted rates and premium customer service with Chase Paymentech, whose payment platforms support businesses of all sizes to process payments, including credit, debit, and digital, alternative, mobile payment options.[12][13][14]
2015 June 1 Leadership WeWork announces Time Warner Cable Chief financial officer Artie Minson as President and Chief Operating Officer.[15][16][17]
2015 June 25 Funding WeWork receives US$433,934,331 in Series E funding round. 4 investors participate, including Glade Brook Capital Partners.[8]
2015 July Partnership WeWork partners with New York real estate developers, Boston Properties and Rudin Management, to build the WeWork’s first ground-up project at the Brooklyn Navy Yard.[7]
2015 August 5 Acquisition WeWork acquires New York–based CASE, a building information and technology consultancy firm.[18][19][20][21]
2015 October Legal WeWork announces it would hire Union cleaners due to pressure from labor organizers after settling a two-month dispute with its janitorial staff and the Service Employees International Union. Previously, WeWork had fired more than 90% of its contracted cleaners in New York city, following a lengthy dispute over pay and working conditions.[22][23][24][25]
2015 December Expansion WeWork has 54 coworking spaces in New York City, Boston, Philadelphia, Washington DC, Miami, Chicago, Austin, Berkeley, San Francisco, Los Angeles, Portland, and Seattle. International locations include London and Amsterdam, along with new locations in Tel Aviv and Herzliya in Israel.[7]
2016 March 9 Funding Chinese firms Legend Holdings and Hony Capital invest US$430 million in WeWork Series F funding round, putting the company’s new valuation at US$16 billion. Both firms would facilitate WeWork’s access to the Chinese market.[26][27][28][29]
2016 March 18 Acquisition WeWork acquires Welkio, a digital sign-in system for guests at an office.[30][31][32][33]
2016 April 4 Service WeWork launches WeLive in New York city, a service under termed co–living concept – analogous to coworking, by renting out shared living spaces.[34][35][36][37]
2016 August Expansion (international) WeWork opens its first office space in Seoul, South Korea.[38]
2016 October 12 Funding Shanghai Jin Jiang International Hotels, one of 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$690 million funding round started in March 2016.[39][40][41][42]
2017 February 26 Funding Japanese telecommunications company Softbank invests US$ 3 billion in WeWork Private Equity Round and Secondary Market investment round.[8]
2017 April 25 Partnership WeWork partners with global customer service software company Zendesk and launches WeWork Service Store, a software-only platform that aggregates business software and services for members.[43][44][45][46]
2017 June 1 Investment WeWork invests in Brave Initiatives, a non-profit organization that provides programs for high school girls.[47]
2017 June 7 Acquisition WeWork acquires Fieldlens –a mobile communication system for the construction industry, in order to help manage construction operations.[48][49][50][51][52]
2017 June 13 Investment WeWork invests in Victor Tech inc., a Chicago-based company that developed an app to connect former soldiers to a mental health program, job services and other veterans groups and meetups.[47][53]
2017 July 5 Expansion (international) WeWork enters India, opening a 2,200-seater community workspace in Bangalore.[54][55][56][57]
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.[8][58][59][60]
2017 July Expansion (international) WeWork announces debut in Japan with 10 to 20 Tokyo workspaces.[61][62][63][64]
2017 July 14 Expansion (international) WeWork opens space in São Paulo, its first in Brazil.[65]
2017 August 6 Acquisition WeWork acquires Singapore-based counterpart Spacemob, with the purpose ox expanding in South East Asia.[66][67][68][69][70]
2017 August 11 Acquisition WeWork acquires Tel Aviv based company Unomy, in order to help its team sell enterprise clients on the idea of opening offices in its workspaces around the world.[71][72][73][74][75]
2017 August 25 Funding Japanese telecommunications company Softbank announces a US$4.4 billion investment in WeWork, with US$3.3 billion to buy WeWork shares, and the rest towards fueling the company’s expansion in Asia.[76][77][78][79]
2017 September 12 Legal WeWork files a complaint with New York’s Southern District Court, alleging that China-based UrWork is guilty of trademark infringement, under the argument is that UrWork is a name that is far too similar to WeWork given that both companies operate in the coworking industry.[80][81][82][83]
2017 October Partnership Wework partners with Airbnb with aims at allowing business travelers using Airbnb for housing to also use WeWork to book a desk, conference room, or other office amenities nearby.[84][85][86][87]
2017 October 17 Partnership WeWork announces partnership with real estate firm, Embassy, with the purpose of expanding the co-working brand into India.[88][89]
2017 October Service WeWork opens first permanent gym, in Manhattan.[90][91][92][93]
2017 November 5 Venture launch Rebekah Neumann (Adam Neumann spouse) first announces WeGrow as a private school for children aged 3 through students in grade 4.[94] The first permanent location is in WeWork's New York headquarters,[95] where a kindergarten is set up with aims at teaching entrepreneurship. The students, all between five and eight years old, take classes on sales techniques, brand-building, and supply and demand[96][97][98][99]
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.[100][101][102][103]
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.[104][105][106]
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.[107][108][109]
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.[110][111][112]
2018 April Acquisition WeWork acquires UK purchasing office fit-out company LTB, which specializes in office design, fit-out, refurbishment and relocation.[113]
2018 April Merger It is announced that WeWork has merged its China operations with local competitor Naked Hub.[114]
2018 August Acquisition WeWork acquires Designation, a for-profit design school.[115]
2018 September 12 Acquisition WeWork acquires Salt Lake City-based software startup Teem for a reported US$100 million. Teem develops facility management software.[116][117][118]
2018 November Funding WeWork signs a warrant with SoftBank, securing an additional US$3 billion in funding from the Japanese group.[119][120][121]
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.[122][123][124]
2019 January Funding The We Company secures an additional US$2 billion from the SoftBank Group.[125]
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.[126][127][128]
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.[129][130][131]
2019 April 29 Financial The We Company files confidentially for an Initial public offering.[132][133][134]
2019 May Funding The We Company receives US$575.0 million in Series G funding by Amazon, Fidelity Management and Research Company, Greenoaks Capital, and T. Rowe Price.[135]
2019 June 19 Acquisition The We Company acquires Islands, a digital platform that people can use to communicate with each other.[136][137][138]
2019 June 24 Acquisition The We Company acquires American mobile-focused product agency Prolific Interactive.[139][140][141]
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.[142][143][144][145]
2019 July 18 The Wall Street Journal reports that Adam Neumann has liquidated US$700 million of his WeWork stock before its IPO.[146]
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.[147][148][149]
2019 August 24 Financial The We Company's SEC filing states that the company faces substantial risk in the event of an economic downturn,[150] because it has US$47 billion of future lease obligations and only $4 billion of future lease commitments.[151]
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.[152][153][154][155]
2019 August Financial The We Company filed S-1 paperwork goes public.[156] According to it, WeWork paid US$5.9 million to license the name from an entity called We Holdings owned by Adam Neumann and additional WeWork founders.[157][158]
2019 August Growth As of date, The We Company has 500 locations in 29 countries.[159]
2019 September 4 Leadership The We Company adds its first female director, Harvard Business School professor Frances Frei, to the company's board of directors.[160][161][162][163]
2019 September 17 Financial The We Company decides to postpone its 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"[164][165] 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.[166]
2019 September 24 Divestment The We Company sells the company's $60 million luxurious private 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.[167]
2019 September 24 Leadership Adam Neumann announces resignation as 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.[168][169][170][171]
2019 September 27 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 Conductor, Managed by Q, and 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.[172]
2019 September Leadership It is announced that Rebekah Neumann would step down as CEO of WeGrow and will relinquish her role in WeCompany.[173]
2019 October 14 Security 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 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 eye irritation and a strong odor.[174]
2019 October Legal Medina Bardhi, the former chief of staff for Adam Neumann, sues We Company over various allegations including a gender pay gap, marijuana use by company executives, and pregnancy discrimination.[175]
2019 October Expansion (international) The We Company announces the opening of new co-working locations in Singapore and Manila.[176]
2019 November 6 Funding SoftBank Group reports a US$9.2 billion in 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.[177]
2019 November Acquisition 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.[178][179]
2019 November Staff WeWork confirms having cut 2,400 jobs in a round of layoffs following its failed IPO attempt.[180]
2019 December Funding The We Company arranges US$1.75 billion credit line with American multinational investment bank Goldman Sachs.[181][182][178]

Numerical and visual data

Google Scholar

The following table summarizes per-year mentions on Google Scholar as of December 13, 2021.

Year WeWork
2011 17,000
2012 17,000
2013 17,900
2014 17,800
2015 17,600
2016 18,100
2017 18,000
2018 18,300
2019 18,200
2020 18,600
Wework gscho.png


Funding Rounds for WeWork, in US$.
WeWork expansion as of December 2019.[183]

Google Trends

The comparative chart below shows Google Trends data for WeWork (Commercial real estate company) and Coworking (Topic), from January 2004 to April 2021, when the screenshot was taken. Interest is also ranked by country and displayed on world map.[184]

WeWork and Coworking gt.png

Google Ngram Viewer

The comparative chart below shows Google Ngram Viewer data for WeWork and Coworking, from 1985 to 2019.[185]

WeWork and Coworking ngram.png

Wikipedia pageviews

The image below shows pageviews of the Wikipedia page 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.[186]

WeWork Wikipedia Views.png

Meta information on the timeline

How the timeline was built

The initial version of the timeline was written by User:Sebastian.

Funding information for this timeline is available.

What the timeline is still missing

Timeline update strategy

See also

References

  1. ↑ Telford, Taylor (September 23, 2019). "Adam Neumann's chaotic energy built WeWork. Now it might cost him his job as CEO.". Washington Post. 
  2. ↑ Platt, Eric (July 2, 2019). "WeWork: the 'hypothetical' company at the heart of the property market". Financial Times. Retrieved 26 December 2019. 
  3. ↑ Aydin, Rebecca. "WeWork isn't even close to being profitable — it loses $219,000 every hour of every day". Business Insider. Retrieved 26 December 2019. 
  4. ↑ "Why We Should Celebrate WeWork's Failed IPO". forbes.com. Retrieved 12 January 2020. 
  5. ↑ Kosoff, Maya. "How WeWork became the most valuable startup in New York City". businessinsider.com. Retrieved 21 October 2017. 
  6. ↑ Sheftell, Jason. "WeWork gives alternative to working at home with swanky buildings across NYC". Daily News. Retrieved 17 October 2017. 
  7. ↑ 7.00 7.01 7.02 7.03 7.04 7.05 7.06 7.07 7.08 7.09 7.10 Majewski, Taylor. "A history of WeWork, the multi-billion dollar company taking over NYC". builtinnyc.com. Retrieved 21 October 2017. 
  8. ↑ 8.0 8.1 8.2 8.3 8.4 8.5 8.6 8.7 8.8 "Funding Rounds". crunchbase.com. Retrieved 20 October 2017. 
  9. ↑ "WeWork lève 355 millions de dollars pour devenir le Uber des bureaux". frenchweb.fr. Retrieved 21 October 2017. 
  10. ↑ Sophy, Joshua. "WeWork Coworking Space Raises $355 Million". smallbiztrends.com. Retrieved 21 October 2017. 
  11. ↑ "Wework raised $355,000,000 on December 16th, 2014.". whogotfunded.com. Retrieved 21 October 2017. 
  12. ↑ Crook, Jordan. "WeWork Partners With Chase To Offer Discounted Commerce Services To Members". techcrunch.com. Retrieved 20 October 2017. 
  13. ↑ "WeWork Links With Chase To Offer Discounts Via Paymentech". pymnts.com. Retrieved 20 October 2017. 
  14. ↑ "WeWork Partners With Chase". nocamels.com. Retrieved 20 October 2017. 
  15. ↑ "WeWork Announces Artie Minson as President and Chief Operating Officer". marketwatch.com. Retrieved 20 October 2017. 
  16. ↑ "WeWork Announces Artie Minson as President and Chief Operating Officer". prnewswire.com. Retrieved 20 October 2017. 
  17. ↑ Hal Schwartz, Eric. "WeWork Hires Time Warner Cable Exec as New President". americaninno.com. Retrieved 20 October 2017. 
  18. ↑ Crook, Jordan. "WeWork's First Acquisition Is Building Information Modeling Firm Case". techcrunch.com. Retrieved 21 October 2017. 
  19. ↑ Lau, Wanda. "WeWork Acquires Case Inc.". architectmagazine.com. Retrieved 21 October 2017. 
  20. ↑ Stott, Rory. "As WeWork Acquires CASE, the Future of Office Design May Start Today". archdaily.com. Retrieved 21 October 2017. 
  21. ↑ Ingalls, Julia. "The design never stops: WeWork acquires Case". archinect.com. Retrieved 21 October 2017. 
  22. ↑ "WeWork to Hire Union Cleaners after Pressure from Labor Organizers". seiu32bj.org. Retrieved 20 October 2017. 
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  153. ↑ "WeWork just acquired a startup that converts empty New York and San Francisco restaurants into coworking spaces". businessinsider.com. Retrieved 27 December 2019. 
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  158. ↑ "Form S-1: Registration Statement". United States Securities and Exchange Commission. August 15, 2019. Retrieved August 21, 2019. 
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  177. ↑ Sherman, Erik (2019-11-06). "SoftBank Group Writes Down $9.2 Billion on WeWork—and That's Only the Beginning of the Bad News". Fortune (magazine). Retrieved 26 December 2019. 
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