WeWork cancelled its summer camp this year, a sign the serviced-office giant is finally trying to grow up, according to The Sunday Times. WeWork released its pitch to investors last Wednesday ahead of its long-awaited stock market debut. The recent pitch to investors sparked governance concerns due to its complex relationship with founder Adam Neumann, and questions over the sustainability of its business model. In an interview with The Times, Neumann said that he was “very disappointed” by the decision but would not comment further. Industry insiders are sceptical about the tech label WeWork attaches to its business, with one comparing Neumann to an evangelical preacher, a skill that is about to face its stiffest test yet. Since launching in 2010, the company has grown its portfolio to 528 locations in 111 cities across 29 countries.
WeWork cancelled its summer camp this year, a sign the serviced-office giant is finally trying to grow up, according to The Sunday Times. The recent pitch to investors sparked governance concerns due to its complex relationship with founder Adam Neumann, and questions over the sustainability of its business model. In an interview with The Times, Neumann said that he was “very disappointed” by the decision but would not comment further. Industry insiders are sceptical about the tech label WeWork attaches to its business, with one comparing Neumann to an evangelical preacher, a skill that is about to face its stiffest test yet. Since launching in 2010, the company has grown its portfolio to 528 locations in 111 cities across 29 countries.