Watch the Official Trailer for 'WeWork: Or the Making and Breaking of a $47 Billion Unicorn'
“Everything about WeWork was propaganda.”
As far as titles go, Hulu‘s new documentary covering the rise and fall of shared working space firm, WeWork, under the stewardship of co-founder Adam Neumann, is worthy of Honest Trailers.
Neumann took the well-established business model of shared office space but pitched a much grander vision of a company that would change the world.
Neumann’s almost cult-like reign, that included stage presentations, astronomical spending and hard-drinking summer camps, would eventually lead to $4 billion USD in venture capital funding, a company valuation of $47 billion USD and the prospect of taking the business public with an IPO.
But the frenzied hype surrounding Neumann’s WeWork would come crashing down after a reappraisal that slashed $37 billion USD from WeWork’s value, something that saw the IPO scrapped and Neumann step down as CEO, before entering into a lengthy legal dispute with WeWork’s majority shareholder, Softbank.
Hulu’s WeWork: Or the Making and Breaking of a $47 Billion Unicorn drops on the streaming service on April 2.
In other entertainment news, producers of the 2021 Oscars ceremony are insisting on a live, in-person event.
