startups

Here’s How Congress Can Stop the Next WeWork – New York Magazine


Unless it involves unethical behavior.
Photo: David ‘Dee’ Delgado/Bloomberg via Getty Images

Everybody is mad at WeWork founder Adam Neumann, and why shouldn’t We be? He convinced workers and investors that WeWork was worth tens of billions of dollars, and it wasn’t, and so they lost money and jobs, and as his punishment he’s being paid $1.7 billion dollars to go away.

Arkansas Republican Senator Tom Cotton says this is why some people hate capitalism. Cotton says Neumann is a “fraud” and should be investigated and sued. I don’t think an investigation is a bad idea — certainly, I find it interesting that a company that filed an S-1 IPO prospectus just weeks ago saying this…





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