Smart Cities

The WeWork Carnival, Softbank & the Future of Co-Working

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“I think I’ve run out of the words to describe what’s been going on, from surreal to crazy to unbelievable to — someone texted me yesterday — “bonkers,” all of those things are true and yet the reality is that we’re still here and we’re still here together. I just want to remind all of us that we came here to do something meaningful in the world,” said Miguel McKelvey, WeWork’s co-founder and chief culture officer, in a leaked recording of WeWork’s recent all-hands meeting. The WeWork carnival is settling down and the dismantling is about to begin as the company searches for a more sustainable future. It has been quite a ride from zero to a $47 billion valuation and back down to whatever lies ahead. The circus master lost control, the cracks began to show, now customers consider their memberships, and staff fear for their futures. The main investor has seized control to […]

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