WeWork's fall (2019-2023)
SoftBank pushed WeWork to a $47 billion valuation in January 2019. Its IPO collapsed that September as investors balked at losses, and the company filed for Chapter 11 in November 2023.
Lenders took control of WeWork after SoftBank wrote off billions.
WeWork became shorthand for the SoftBank-era growth-at-any-cost model and its repricing.
Unacademy raised from the same investor playbook; its $3.44 billion peak and $206 million sale follow the pattern.
