In 2019, WeWork was the world’s most valuable startup, valued at a staggering $47 billion. Six months later, its IPO was dead, its CEO was out, and its valuation had cratered by 80%. How did a co-working space convince the world it was a revolutionary tech giant?

In this The Case HQ strategy autopsy, we peel back the “community” hype to reveal the high-risk real estate arbitrage model underneath. We break down the “Real Estate Trap,” the governance red flags, and the fundamental economic mismatch that made WeWork’s collapse inevitable.

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