WeWork

In 2001, Adam Neumann, the future CEO and co-founder of WeWork, relocates to the United States after completing his service as a navy officer in the Israeli military.

In May 2008, WeWork experiences a significant development or event, which may have contributed to its growth or impact in the coworking industry.

WeWork, an American company providing shared workspace, community, and services for entrepreneurs, freelancers, startups, and small businesses, was founded in 2010.

WeWork Labs, a startup incubator, is launched within WeWork's network to encourage collaboration among entrepreneurial members.

WeWork receives a $6,850,000 investment in its Seed Round funding.

WeWork receives a $17,000,000 investment in its Series A funding round.

WeWork secures $150,000,000 in Series C funding round.

WeWork receives US$355,000,000 in Series D funding round. Investors include T. Rowe Price, Goldman Sachs.

WeWork raised $355 million on December 16th, 2014, to expand its coworking space business.

Artie Minson, the Chief Financial Officer of Time Warner Cable, is announced as the President and Chief Operating Officer of WeWork.

WeWork secures US$433,934,331 in Series E funding round with participation from 4 investors, including Glade Brook Capital Partners.

Chinese firms Legend Holdings and Hony Capital invested US$430 million in WeWork Series F funding round, leading to the company’s new valuation at US$16 billion. This investment also aimed to facilitate WeWork’s access to the Chinese market.

WeWork acquires Welkio, a digital sign-in system for guests at an office, on March 18, 2016.

Shanghai Jin Jiang International Hotels invests US$260 million in WeWork's Series F round, bringing the total venture capital to $1.7 billion and valuing WeWork at US$16.9 billion.

WeWork partners with global customer service software company Zendesk and launches WeWork Service Store, a software-only platform that aggregates business software and services for members.

WeWork invests in Brave Initiatives, a non-profit organization that provides programs for high school girls.

WeWork acquires Fieldlens, a mobile communication system for the construction industry, in order to help manage construction operations.

WeWork opens a 2,200-seater community workspace in Bangalore, marking its entry into the Indian market.

WeWork secures US$760 million in a new Series G funding round, leading to a valuation of US$20 billion for the coworking company.

WeWork expands its presence by opening its first space in Brazil, specifically in São Paulo.

WeWork acquires Spacemob, a Singapore-based counterpart, to expand its operations in South East Asia.

Japanese telecommunications company Softbank invests US$4.4 billion in WeWork, aiming to fuel the company's expansion in Asia.

WeWork announced a partnership with real estate firm, Embassy, to expand the co-working brand into India.

WeWork is set to expand with a substantial $4.4 billion funding from a Japanese telecom giant, indicating significant growth and investment in the company.

WeWork achieved a valuation of $20 billion in a new funding round, reflecting its rapid growth and strong investor confidence in its business model and potential for further expansion.

WeWork achieved the status of being the most valuable startup in New York City by offering innovative and attractive working spaces.

WeWork, the world's largest co-working startup, expanded its operations to India by launching a large coworking space in Bengaluru with a capacity of 2,200 members.

Rebekah Neumann, spouse of Adam Neumann, announces the launch of WeGrow, a private school for children aged 3 through students in grade 4. The first permanent location is set up in WeWork's New York headquarters, with a focus on teaching entrepreneurship to young students through classes on sales techniques, brand-building, and supply and demand.

WeWork pays US$200 million to acquire social networking service Meetup, which allows people to create, organize, and join groups around specific interests for hosting events.

WeWork founder plans to establish a school to guide 5-year-olds in finding their life's purpose.

WeWork, a co-working unicorn, acquired local counterpart Spacemob to expand its presence in Southeast Asia as part of a US$500M investment.

WeWork acquires Chinese coworking company Naked Hub, which has 10,000 members in 24 locations, similar in size to WeWork's presence in China.

WeWork's elementary school WeGrow acquires MissionU, a vocational bootcamp for students ages 19-25, preparing them for business intelligence jobs.

WeWork acquired a design school in Chicago in August 2018.

WeWork acquires Salt Lake City-based software startup Teem for a reported US$100 million. Teem develops facility management software.

WeWork secures additional funding from SoftBank to support its operations and expansion.

WeWork raised $1 billion in its Series H round, led by Softbank, bringing the company’s total funding to $12.8 billion and giving it a valuation of $47 billion.

On February 7, 2019, The We Company acquires tech company Euclid, which specializes in observing people's movements in a workspace.

On April 29, 2019, WeWork filed a draft registration statement for a proposed initial public offering (IPO), indicating the company's intention to go public.

On August 14, 2019, WeWork filed Form S-1, disclosing substantial losses, expensive lease agreements, and a complex relationship with founder Adam Neumann.

On August 15, 2019, WeWork submitted its Form S-1 registration statement to the United States Securities and Exchange Commission, providing crucial financial and operational information.

An article from The Verge described WeWork as a soap opera rather than a tech company, shedding light on the internal issues and controversies within the company.

WeWork acquired Spacious on August 27, 2019. Spacious leased unused space from restaurants during daytime hours and rented it to remote workers. However, Spacious was shut down in December 2019.

Bloomberg reported that WeWork aimed for an IPO valuation of $20-30 billion, significantly lower than its previous private valuation of $47 billion. The company planned to start its IPO roadshow and aimed for a share sale of $3.5 billion.

There was pressure from Softbank on WeWork for undisclosed reasons.

WeWork disclosed alterations to its corporate governance in a recent regulatory filing, such as diminishing Neumann's voting authority and eliminating the provision allowing his wife to influence his successor in the event of his death.

WeWork postpones its initial public offering (IPO) due to a negative response from investors, leading to a significant setback for the company.

On September 24, 2019, under mounting pressure from investors, WeWork's co-founder Adam Neumann resigned as CEO and relinquished majority voting control in the company.

WeWork announces the indefinite delay of its initial public offering, citing plans to eventually go public but postponing the IPO due to undisclosed reasons.

A timeline of WeWork’s decline in the process of going public, illustrating the rapid negative turn in the company's direction.

WeWork announced the opening of new co-working sites in Singapore and Manila.

WeWork informed its members about the contamination of over 1,600 office phone booths with formaldehyde.

The former CEO of WeWork was accused of gender discrimination and smoking marijuana in front of a pregnant employee.

On November 6, 2019, SoftBank Group reported $9.2 billion in write-downs on its investments in WeWork, amounting to approximately 90% of its total investment in the company over the previous years.

The We Company, also known as WeWork, files confidentially for Initial Public Offering (IPO).

WeWork, a startup valued at $20 billion, allocates $200 million for the acquisition of Meetup, a social networking platform, as part of its expansion strategy.

SoftBank acquires majority control of WeWork, indicating a significant shift in the company's ownership and management.

SoftBank has provided an additional $3 billion in funding to WeWork, potentially valuing the company at around $42 billion.

On February 1, 2020, WeWork announced the appointment of Sandeep Mathrani as the new CEO of the company, effective February 18, 2020.

On March 26, 2021, WeWork announced a merger with BowX Acquisition Corp., leading to WeWork's public listing with a valuation of about $9 billion.

Information related to WeWork and coworking was accessed on April 18, 2021, through Google Trends and books.google.com.

WeWork went public at a $9 billion valuation after merging with special purpose acquisition company BowX Acquisition Corp., and saw its shares rise 13% despite filings showing the company was losing billions of dollars.

On July 19, 2022, WeWork introduced its Workplace space management software developed in partnership with real estate software provider Yardi.

In November 10, 2022, WeWork announced its intention to shut down 40 underperforming shared office locations in the U.S.

On March 17, 2023, WeWork revealed a financial restructuring plan involving debt reduction and over $1 billion in new funding and capital commitments.

On May 16, 2023, WeWork announced that Sandeep Mathrani was stepping down as CEO, and David Tolley was named as the interim CEO.

By August 8, 2023, WeWork issued a warning about the substantial doubt regarding the company's ability to continue as a going concern unless it could enhance liquidity and profitability within the following 12 months.

On September 1, 2023, WeWork completed a 1-for-40 reverse stock split after its shares slumped to below $1 each, putting the company at risk of being delisted from the New York Stock Exchange.

WeWork announced its plans to renegotiate 'nearly all' of its leases by leaving 'unfit and underperforming locations' and reinvesting in better-performing markets to cut operating costs and continue running 'for many years to come.'

WeWork appointed David Tolley, a former Blackstone Group executive, as the permanent CEO on October 16, 2023.

On October 31, 2023, WeWork announced that it would be preparing to file for Chapter 11 bankruptcy as its forbearance agreement with its creditors was scheduled to terminate effective November 6.

On November 6, 2023, WeWork, the company credited with popularizing coworking space, filed for bankruptcy and sought court protection from creditors after a move to renegotiate nearly all its leases.

WeWork, once valued at $47 billion, has faced a significant downfall leading to bankruptcy. The company's rise and fall is a notable event in the business world.