WeWork (WE) Stock Price Prediction & Forecast 2023, 2025, 2030, 2040, 2050

WeWork, trading under the ticker symbol WE, is a real estate company that provides shared workspaces, office services, and a community for startups, freelancers, and enterprises. Founded in 2010 by Adam Neumann and Miguel McKelvey, WeWork quickly grew its network of coworking locations in top cities globally.

WeWork’s business model involves leasing office buildings using long-term liabilities, renovating the spaces with modern aesthetic designs, and then offering flexible access via short-term memberships. Members can use WeWork spaces for coworking, meetings, events etc. Revenue comes primarily from membership fees.

Under Neumann’s leadership as CEO, WeWork expanded aggressively and was able to raise billions in venture capital. At its peak in 2019, WeWork had 528 locations in 111 cities worldwide. It had achieved a valuation of $47 billion and was one of the most hyped startups.

However, when WeWork filed for an IPO in 2019, it faced intense scrutiny from public markets over its finances. Although revenue was growing quickly, the company was unprofitable and burning through cash. Critics also highlighted issues with Neumann’s control and self-dealing.

The failed IPO marked the beginning of WeWork’s downward spiral. Neumann was ousted as CEO and the company only avoided bankruptcy after a bailout from Softbank at a valuation below $10 billion. This represented an over 80% drop from its peak.

After major restructuring and cost cutting, WeWork went public in October 2021 by merging with the BowX SPAC at a valuation of $9 billion. But the company still faces skepticism around its business model and path to profitability. In fact, Its stock price continues to struggle after the SPAC deal.