The WeWork S-1t show, Citadel cuts after compliance breach, and Best Buy's healthcare plans

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The WeWork S-1t show, Citadel cuts after compliance breach, and Best Buy's healthcare plans

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Samantha Lee/Business Insider

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Hello!

At 7:12 on a mild late-summer morning in New York City, WeWork's registration papers hit the Securities and Exchange Commission's website.

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So starts Dakin Campbell's excellent read on how WeWork spiraled from a $47 billion valuation to talk of bankruptcy in just six weeks. Dakin writes:

Almost immediately, all hell broke loose. A steady stream of rapid-fire headlines detailed Neumann's self-dealing, mismanagement, and bizarre behavior. Within 33 days the offering was scuttled, WeWork's valuation plummeted 70% or more, and Adam Neumann, who believed he would become the world's first trillionaire, was ousted as CEO. What was supposed to be Neumann's coronation as a visionary became one of the most catastrophically bungled attempted debuts in business history.

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It's a startling story. We'll have lots more reporting on WeWork in the coming days, so keep an eye out for that. For now, here's what we're looking at:

What did we miss? Let me know.

-- Matt

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