WeWork Turmoil Raises High-Stakes Questions About Office Sharing
- Company’s Rapid Expansion Burned Cash, Worried Investors
- Rivals Growing With Management Contracts, Franchises
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Does WeWork work?
After the office-sharing company sidelined co-founder Adam Neumann to resolve governance and leadership issues, the next question is a more traditional one for prospective IPO investors: Does its business model make sense? It all depends on execution.