Venture Capital
A group of WeWork directors are planning to push Adam Neumann to step down as CEO, according to The Wall Street Journal. It’s been several weeks of turmoil for the founder and his co-working behemoth. WeWork’s valuation was slashed — it is now expecting an IPO valuation as low as a third of the $47 billion valuation it reached in the private markets. It delayed its much-anticipated public market debut until at least October. And most recently, Neumann’s reported partying and drug use came to light following a revealing WSJ report.

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