page_title: WeWork
section_title: History and funding
hierarchical_section_title: WeWork / History and funding
caption_attribution_description: Day 321 of 2015.
context_page_description: WeWork is an American commercial real estate company that provides shared workspaces for technology startups and services for other enterprises. Founded in 2010, it is headquartered in New York City. As of 2018, WeWork managed over 4 million square metres. WeWork's parent company is The We Company.
  WeWork designs and builds physical and virtual shared spaces and office services for entrepreneurs and companies. At one time, WeWork had more than 5,000 employees in over 280 locations, spread across 86 cities in 32 countries. In January 2019, the firm rebranded to The We Company, and its valuation was stated as $47 billion. The Wall Street Journal noted that upon the release of its public prospectus in August 2019, the company was "besieged with criticism over its governance, business model, and ability to turn a profit." WeWork lost over $2 billion in 2018.
  In September 2019, following mounting pressure from investors based on disclosures WeWork had made in its S-1 filing in preparation for a stock market listing, company co-founder Adam Neumann resigned from his position as CEO and gave up majority voting control in WeWork.
caption: Conference rooms at a WeWork space in San Francisco.
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