WeWork’s IPO filing roasted for its cultish duvet internet page – Enterprise Insider

WeWork’s IPO filing roasted for its cultish duvet internet page – Enterprise Insider

  • WeWork filed to head public on Wednesday.
  • The gap to its bureaucracy featured a distinctly cultish dedication to the “energy of we.”
  • WeWork moreover talked about its mission is to “elevate the arena’s consciousness,” and critics on Twitter were rapid to mock the rhetoric.
  • Read all of BI’s WeWork protection here.

WeWork printed the S-1 bureaucracy for its preliminary public offering on Wednesday, and the commercial’ enormous losses of $1.6 billion weren’t the noteworthy element to design end of us’s consideration.

Read extra: The lifestyles and career rise of Adam Neumann, the billionaire WeWork founder and CEO taking his company public

Two pages into WeWork’s S-1 is a unfold bearing the firm’s minimalistic emblem along, with a uncommon dedication: “We devote this to the energy of we — greater than any of us, nonetheless internal each of us.”

WeWork’s duvet internet page.

Journalists and others were rapid to express on the mantra.

To boot to to the mantra, some critics went in on the language right thru the S-1, along with WeWork’s acknowledged aim to “elevate the arena’s consciousness,” and its frequent expend of the discover “community,” which pops up a total of 150 instances in the 220-internet page document.

Cultish, grandiose, and vaguely ridiculous language from tech firms is nothing unique, nonetheless “the energy of we” has with out a doubt struck a chord as even extra preposterous than weird and wonderful.

Read extra of Enterprise Insider’s WeWork protection:

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August 14, 2019

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