WeWork went from a $47 billion valuation to a tanking IPO. Here's how the company makes money.

Kaitlyn Wang,Jack Houston

Sep 21, 2019, 02:44 IST

WeWork delayed its hotly anticipated IPO after investors questioned its valuation, business model, and CEO Adam Neumann's role in the company.
The co-working company was valued as high as $47 billion, though many don't agree with that number.
WeWork has tried to justify its valuation by saying it's a tech company, but most investors think it's a real estate company. At its core, WeWork is a landlord.
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