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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CoWorkRM vs CoworkingNext for Indian coworking spaces

CoworkingNext is a capable lightweight platform. CoWorkRM is built in Patna for Indian operators who run on WhatsApp and bill in INR with GST. Here is an honest comparison.

Pricing, side by side

CoworkingNextCoWorkRM
Starting price$25/month ≈ ₹2,100/mo
Growth: up to 35 members, unlimited spaces. Regular $50 (75 members), Enterprise $100 (150), Unlimited $200. Shown in USD; the site offers an INR selector. Source: https://www.coworkingnext.com/pricing, as of October 2026. USD→INR at ₹84 (2026-10-01).
₹2,999–₹12,999 per location per month + GST
Billed in INR; 30 days free; 7-day refund.
Invoicing and online payment✓ (card, PayPal)✓ (UPI, cards, your own gateway)
GST invoices in INRINR selector; GST not listed✓
Resource and meeting-room booking✓✓
Member directory and events✓✓
Lead CRM—✓
WhatsApp inbox and templates—✓
Phone calls and IVR—✓
Visitor management—✓
Member mobile appMobile-compatible web✓ Android app
Staff attendance and payroll—✓
Marketing website for the space✓ includedPublic booking pages
Free trialFree sign-up, no card30 days free, no card

Feature rows reflect each vendor's public feature page as of October 2026; "—" means not listed there.

Where CoworkingNext is stronger

  • Very low entry price: $25 a month for up to 35 members, with unlimited spaces and drop-in users.
  • A free marketing website with a custom domain is included on every plan.
  • Multi-lingual interface and a simple, lightweight set-up for small spaces and business centres.

Where CoWorkRM is stronger

  • A full lead pipeline, WhatsApp Business API inbox and phone/IVR: CoworkingNext lists none of these.
  • Visitor management with QR check-in, and staff attendance and payroll, in the same login.
  • Built for Indian billing: GST invoices on the 1st, UPI and your own payment gateway, reminders on WhatsApp.
Moving over

We import members, plans and invoices from CoworkingNext CSV exports during onboarding. Nothing is locked in: your data exports any time.

FAQ

Is CoworkingNext cheaper than CoWorkRM?

Yes on the sticker: $25 a month for up to 35 members. CoWorkRM starts at ₹2,999 per location with no member cap on Growth, and includes CRM, WhatsApp, visitors and payroll that CoworkingNext does not list.

Is CoworkingNext an Indian product?

It is run by Prayaam Consulting and lists an INR price selector; the public pricing is shown in USD. CoWorkRM is built in Patna and bills in INR with GST.

Can I move from CoworkingNext?

Yes. Members, plans and invoices are imported from exports before go-live.

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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