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.