An increasing number of Wall Street bankers and high-profile business people from Larry Ellison to Adam Neumann are concerned about SoftBank ’s future and are waiting for Adam Neumann ’s next move with growing anxiety. He told a group of entrepreneurs at his San Francisco home that day that WeWork is “almost worthless.” Even Eric Rosengren , president of the Federal Reserve Bank of Boston , commented on the fallout from the Federal Reserve Bank of Boston ’s failed attempt to list, warning that the growth of the co-working sector could threaten financial stability. Snap co-founder and CEO Evan Spiegel attracted similar criticism when his company listed in last week and was asked what advice he had for founders taking companies public at an investor conference. He responded: “Don’t go public.” The WeWork founder was absent from SoftBank ’s retreat in Pasadena last week . His long-planned appearance was rescheduled and then cancelled after WeWork postponed its IPO. Both companies declined to comment, with WeWork referring to the pre-IPO quiet period.
An increasing number of Wall Street bankers and high-profile business people from Larry Ellison to Adam Neumann are concerned about SoftBank ’s future and are waiting for Adam Neumann ’s next move with growing anxiety. Even Eric Rosengren , president of the Federal Reserve Bank of Boston , commented on the fallout from the Federal Reserve Bank of Boston ’s failed attempt to list, warning that the growth of the co-working sector could threaten financial stability. Snap co-founder and CEO Evan Spiegel attracted similar criticism when his company listed in last week and was asked what advice he had for founders taking companies public at an investor conference. He responded: “Don’t go public.” The WeWork founder was absent from SoftBank ’s retreat in Pasadena last week . His long-planned appearance was rescheduled and then cancelled after WeWork postponed its IPO. Both companies declined to comment, with WeWork referring to the pre-IPO quiet period.