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Tim Culpan

Being a Sore Loser Doesn't Make WeWork’s Neumann Wrong

There’s little downside for the founder of the collapsed office-rental company in taking on his former benefactor.

Any settlement is better than zero.

Any settlement is better than zero.

Photographer: Jackal Pan/VCG/Getty

To be frank, it doesn’t even matter whether SoftBank Group Corp. was right, morally or legally, to walk away from its deal to double down on a stake in the We Co. 

It’s also irrelevant whether WeWork founder Adam Neumann comes off as a sore loser for filing a lawsuit to chase down billions of dollars for shares in a company built on a questionable business model that ultimately led to the collapse of a sky-high valuation, and which looks even more bleak as the Covid-19 pandemic throws doubt on the future of cramped, transient office work.