Jim Cramer: Why WeWork Is All Everyone's Talking About
In case you missed it, one major headline in the market this weekend was the news that WeWork's parent company, We Company, is considering ousting CEO Adam Neumann.
On Sunday, it came out that several company directors linked to main-investor SoftBank Group are trying to force out Neumann, according to reports in the Wall Street Journal.
WeWork's planned IPO was criticized by Jim Cramer earlier this month in a Real Money column. Cramer also weighed in on the reported self-dealing of the CEO.
"No wonder a company, the ultimate unicorn, one that raised money last with a $47 billion valuation, may not attract takers at less than half that," wrote Cramer.
And Cramer's criticism continues.
He wrote another Real Money column Monday morning focusing on suboptimal IPOs.
Watch the video above for Cramer's thoughts on the We Company.
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