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.

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Coworking Study & Report: Lessons from WeWork

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CoWorkRM vs DeskOS for Indian coworking spaces

DeskOS is a capable India-built 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

DeskOSCoWorkRM
Starting price₹7,999/month (billed yearly)
Basic: 1 location, up to 100 seats, billed yearly (monthly costs more). Leads CRM, visitor management and the payment gateway start on Business, priced on request; the member app on Business+. Setup ₹7,999 once; each new location ₹5,000 once. Source: https://deskos.net/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.
Billing in INR with GST✓✓
GST e-invoice (IRN)Enterprise only↗ Early access
Lead CRMBusiness plan and up✓ on every plan
WhatsApp inbox (official API, two-way)Invoices and reminders on WhatsApp (Business+)✓ shared inbox, templates, auto-replies
Phone calls and IVR—✓
Visitor managementBusiness plan and up✓ on every plan
Meeting rooms and day passes✓✓
Member appWhite-label on Business+✓ included
Staff attendance and payroll—✓
Door access integrationEnterprise (ZKTeco, Spintly, Kisi)↗ Early access
Tally / accounting exportEnterpriseExcel export; Tally early access
Free trial30-min demo, no trial30 days free, no card

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

Where DeskOS is stronger

  • Built in New Delhi with offices in the US; serves operators in the Middle East and Europe too.
  • Enterprise tier adds GST e-invoicing with IRN, Tally and QuickBooks integration, and turnstile and access-control hardware.
  • Lease management, cafe management and client attendance on the higher plans suit large managed-office portfolios.

Where CoWorkRM is stronger

  • Leads CRM, visitor management, member app and WhatsApp inbox are on every plan, not gated to Business and Business+.
  • Phone calls, IVR and call logs on your own numbers, and staff attendance and payroll: neither is on DeskOS's feature list.
  • ₹2,999 to ₹12,999 per location per month, monthly or yearly, with a 30-day free trial and no setup fee.
Moving over

We import members, plans, invoices and leads from DeskOS exports during onboarding. Door-card and hardware set-ups are reviewed on the call. Nothing is locked in: your data exports any time.

FAQ

Is DeskOS cheaper than CoWorkRM?

DeskOS Basic is ₹7,999 a month billed yearly for one location and 100 seats, without leads CRM or visitor management. CoWorkRM Starter is ₹2,999 and Growth ₹6,999 per location, with CRM, WhatsApp, visitors and the member app on every plan.

Does DeskOS bill in rupees with GST?

Yes. DeskOS prices in INR for Indian operators and calculates GST on invoices; e-invoicing with IRN is on its Enterprise plan. CoWorkRM bills in INR with GST on every plan.

Can I move from DeskOS without downtime?

Yes. Members, plans, invoices and leads are imported from your DeskOS exports before go-live, so billing continues on the 1st.

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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