The Spectacular WeWork Fiasco Explained

If you haven't been living under a rock, you have probably heard something about or relating to WeWork. WeWork is a commercial real estate company that rents out co-working spaces to freelancers, solopreneurs and even some tech giants. Founded by Adam Neumann, Miguel McKelvey and Adam Neumann's wife, Rebekah Neumann in 2010, the company grew to become a startup darling and one of the most valuable startups in history. So how did WeWork go from a $47 billion valuation to near-bankruptcy in just a few months?