The WeWork IPO fiasco of 2019, explained in 30 seconds

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WeWork; Jackal Pan/Getty images; Samantha Lee/Business Insider

WeWork cofounder Adam Neumann.

  • WeWork has been in turmoil since it publicly filed its IPO paperwork in August.
  • In one month, the coworking company cut its valuation down from $47 billion to as low as $10 billion, removed its CEO Adam Neumann, and delayed its IPO indefinitely.
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What just happened to WeWork?

Attempting to go public this month stirred up a lot of drama - in finances and leadership - for the nine-year-old coworking company.