Leaflet · The story of

WeCrashed

WeWork grew from a single New York coworking space into a $47 billion company in under a decade. Within a year, most of that value was gone.

In 2022 the story became an 8-episode Apple TV+ series based on Wondery's podcast WeCrashed: The Rise and Fall of WeWork, with Jared Leto as Adam Neumann and Anne Hathaway as Rebekah Neumann. It premiered on 18 March 2022.

From the book
Coworking Study & Report, by Dr. Preetesh Anand
The real timeline
  1. 2010 · The startAdam Neumann and Miguel McKelvey open the first WeWork in New York.
  2. 2017 · Rocket fuelSoftBank pours in billions and expansion goes global.
  3. Jan 2019 · The peakValued at $47B, with about 850 locations worldwide.
  4. Sep 2019 · IPO collapsesInvestors balk at the losses, founder control and governance. Neumann steps down.
  5. Oct 2021 · ListedWeWork goes public via a SPAC at about $9B.
  6. Nov 2023 · BankruptcyChapter 11 filing with nearly $19B in debt.
  7. Jun 2024 · RestartExits bankruptcy with $4B+ of debt wiped out; Yardi becomes majority owner.
  8. 2025 · Back to basicsPositive EBITDA, about 170 US & Canada sites, profit-first deals.
In numbers
$47B2019 peak
~$9B2021 listing
$0.27BAug 2023
850 → ~170locations, global peak to US & Canada in 2025
~$12Bfuture rent cut in the restructuring
3 lessons for your space
  1. Match lease length to how long members commit.
  2. Every centre must reach break-even on its own.
  3. Grow when you're full, not when you're excited.

All 7 lessons, the World & India market report and the property-owner playbook are in the free book.

Sources: Apple TV+ press, Fortune/Bloomberg, Bisnow, CRE Daily, Barchart.

Free PDF book · 23 pages

Coworking Study & Report: Lessons from WeWork

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Full walkthrough

The whole space, in one app, in one video.

A start-to-finish tour of CoWorkRM: an enquiry arriving on WhatsApp, the tour, the agreement, billing on the 1st, visitors, rooms, staff attendance and the owner dashboard across branches.

Enquiry to member

Watch one lead come in on WhatsApp, get an owner, a tour slot, a plan and an agreement, without leaving the app.

Billing on the 1st

Invoices with GST, payment links on WhatsApp, reminders on the due date, receipts on payment.

Front desk

QR visitor check-in, meeting-room bookings and day passes from a public link.

Staff and payroll

Attendance by phone with location, leave, shifts and salary from the same records.

Owner dashboard

Occupancy, collections, dues and renewals per branch, on the laptop and the Android app.

Set-up

What the first day looks like: connecting the WhatsApp number, loading members from Excel, going live.

How it works

5 steps, on a real floor.

  1. 1
    Enquiry

    A WhatsApp enquiry becomes a lead with an owner and gets its automatic first reply.

  2. 2
    Tour and quote

    Two slots offered, the tour confirmed with a map, the quote sent from the plan list.

  3. 3
    Agreement and first invoice

    Converting to a member creates the agreement, the deposit record and the first GST invoice with a pay link.

  4. 4
    The floor

    QR visitor check-in, a meeting room booked by an outsider, a day pass sold from the link.

  5. 5
    Staff and the dashboard

    Attendance on the phone, payroll from it, and occupancy and collections per branch on the owner's screen.

CoWorkRM full walkthrough: a frame from the walkthrough video
From the walkthrough above: Enquiry to staff and the dashboard, on the web console and the Android app.

Included on every plan, from ₹2,999 per location per month. See pricing · Book the 30-minute demo

Before / after

How it replaces watching seven separate videos.

Before

  • Seven short videos, one per module
  • Not sure how the parts connect
  • Wondering what day one looks like

After

  • One continuous tour from enquiry to payroll
  • Every module seen on the same member and the same floor
  • A clear picture of the first week on CoWorkRM

FAQ

How long is the walkthrough?

It is a single, uncut tour of a live space on CoWorkRM. Each module also has its own shorter video on its feature page.

Is this the live product?

Yes. It is recorded on the current web console and Android app, on a working coworking floor.

Can I see it on my own numbers?

Yes. Book the 30-minute demo and we load your Excel on the call.

Is the video the current product?

Yes, recorded on the live web console and Android app on a working floor.

How long does set-up take?

The WhatsApp number connects the same day; members and plans load from your Excel on the onboarding call; most spaces are live within a week.

Get started

Get 30 days free.

Your space is set up the same working day on WhatsApp — no card, no app change for your members.

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