How WeWork's SHOCKING Mistake made it go BANKRUPT from 47 Billion dollars? : Business Documentary

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Published 2023-11-20
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VIDEO INTRODUCTION:

Hi everybody,
On the 6th of November, WeWork filed for bankruptcy.

Today, its share price has dropped from 100 dollars in 2022 to just $1.6, thats a drop of 98.4% in just 1 year!!

But did you know that back in 2019, this same company was considered to be revolution in the American start up ecosystem because they were valued at a mind-boggling 47 Billion dollars!!

Fun fact, they commanded a 47 billion dollar valuation without ever making a single dollar in profits!!
And this failure of we work is not just another case study but very important bsuiness lesson for the investors and entrepreneurs all around the world on How to build disastrous company!! So if you are an entreprenur or a student of business just like Apple serves as an inspiration on how to build a business, wework is a classic example how not to build a business.
Which is why this case study is very important for all us to study!!

So lets dive into and understand,
How did WeWork rise to become a 47 billion-dollar company with no profits at all?
And after becoming a so called Legend, how did it fail miserably?
And, lastly, as students of business what are the failure lessons that we need to learn from the fall of WeWork?

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✅Study Materials:

STUDY MATERIALS
hbr.org/2021/07/spacs-what-you-need-to-know
davidfriedlander.medium.com/why-wework-failed-d1bd…
www.cnbc.com/2019/11/21/wework-lays-off-2400-emplo…
www.forbes.com/sites/sergeiklebnikov/2021/10/21/we…
www.wired.co.uk/article/we-work-startup-valuation-…

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#wework #weworkbankruptcy
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All Comments (21)
  • @ThinkSchool
    Hey guys, Please hit the like button to support our work!! Would mean alot :) Thank you Ganesh
  • @juhinjustus
    In this era of patience less viewers who seek satisfaction in 30/60 seconds through short duration contents(shorts/reels). Your videos have the potential to pull people and make them watch the whole video with patience even it's 20+ minutes long. . . I have experienced it. Now i prefer long contents over shorts/reels because of you @ThinkSchool. I got love towards Business case studies because of you. Thank you for everything guys. Keep enlighting ✨.
  • Takeaway:- 1.) Sustainable growth not rapid growth 2.) Ethical stakeholder 3.) Take care of small expenses (Tea/coffee) 4.) Don't Expense unnecessary, if company is not generating profits. Keep adding...😊
  • @pronoyghosh
    Wework India is actually doing very well and is generating growth and profits according to their CEO Kiran Virwani , "WeWork India’s Virwani said that despite the challenges brought by the pandemic, the Indian arm emerged profitable early last year. He said that it ended FY23 with a revenue of INR 1,400 Cr and INR 250 Cr in earnings." Can you make a part 2 of this video highlighting what wework india did right. Thanks a ton for your videos, they really help in understanding complex concepts in the simplest ways.
  • @progamer_om790
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    This man deserves all the recognition he gets and so much more.Such crisp,clear and engaging explanation. Kudos to the video editor.Great visuals!
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    Just wondering where were expert analysts before this happens? There's a real need of a business school who teaches these kind of practical and futuristic things.
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  • @ABHISHEKBUNTY8
    Just to add, India doesn't allow IPOs through SPAC, it is only allowed in USA.
  • Hi I graduated in 2021 and since then I'm preparing for bank exams but I don't really like to pursue a long term career in it but due to the responsibility of a typical rural youngsters and the first gen of my family to get proper education I couldn't risk it . But I'm watching what are all I'm interested in the videos you are uploading and I hope one day I'll get the support and courage to seek what I'm passionate about and do something else till then I'll keep on upskilling and search for a value based profession that will quench my thirst in career . Also thank you so much for giving the exposure in various fields it means a lot ❤
  • Think School channel is like digital business scool for us. Being a first generation entrepreneur am learning so many lessons from them. Thank you team.
  • @Vik813
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  • @amiyaranjan5604
    My office was in Wework suddenly it moved to Cowrks Now I knew the reason I never thought that this kind of business really exist.
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  • @sanjaymahato4522
    As always your analysis of this business oriented topic is spot on. And yes i did get the vibe of cinematic screen and unique sound effect in this video but realised it after reading it in description. And if you are talking about what to improve , imo please give your view on how businesses , indigenous or foreign which go on to become a unicorn or stay small or even gets bubble bursted , affect the dream of 5 trillion dollar dream economy of india with a new and unique perspective. Just a suggestion. Even if this won't reach to you , i still think no one could do a better job than you in explaining the why in current big businesses getting success or failure. Thank you for your service .
  • @ronakgala6627
    Such a detailed analysis!! Kudos to the research and the editing team for making such interesting videos which are filled with knowledge and are visually appealing too!