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WeWork The entrance to a WeWork co-working space location in the Bryant Park area in New York. Photo: Shutterstock

It’s been an interesting 18 months or so for former new economy darling and real estate/tech firm WeWork. After rumors of an IPO saw its valuation top out at around $47 billion, the company went into a downward spiral. 

WeWork’s valuation dropped to less than $10 billion in late 2019, and its CEO was replaced amid accusations of financial malfeasance and a toxic work culture. The company laid off thousands of employees, saw its chief legal officer depart and undertook legal action against its largest financial backer.

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Patrick Smith

Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, cannabis law and marketing innovation. Reach him at [email protected] or on Twitter at @nycpatrickd

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