PBS NewsHour

WeWork's rise and fall provide cautionary tale for startups

Clip: 11/26/2019 | 5m 55s Video has closed captioning.

The startup WeWork set out to revolutionize the workplace -- leasing, renovating and subletting offices as shared coworking spaces. At the beginning of 2019, it was the single biggest private office tenant in London, New York and Washington. But the company’s valuation has plunged $40 billion, and it’s now laying off 2400 employees. John Yang talks to The New York Times' Peter Eavis.

Aired: 11/26/19

Rating: NR

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