Adam's Back!

Adam Neumann has been trying to buy WeWork - the company he cofounded out of bankruptcy — allegedly with the help of the hedge fund manager Dan Loeb of Third Point.

Neumann’s new real estate company "Flow" has sent a letter to WeWork requesting that they consider its takeover approach. Flow has already raised $350 million from the venture capital firm Andreessen Horowitz, disclosed in the letter that Loeb’s Third Point would help finance a transaction.

The Financial Times contacted Third Point to verify their involvement in the deal and were told that the fund had only held “preliminary conversations with Flow and Adam Neumann about his ideas for WeWork.” They went on to say that they have made “no commitment to participate in any transaction.”

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[mantasr]

Dude, Juicero NEVER ACTUALLY SQUEEZED FRUIT.
They sold bags of juice and the 450 dollar thing WAS JUST TO PRESS THE BAGS OUT. I'M NOT EVEN JOKING.

[hamza]

"there's a sucker born every minute but Adam Neuman didn't need one of these newborn suckers, he had Masayoshi Son" the setup, the punchline, the perfection of that bar cackled with my chest with that one

[fgreen]

Adam Nuemann is my hero, he fails at everything he does but somehow manages to get paid after every failure

[cs]

I appreciate Patrick going back to his roots: Rap, rap music, and, of course, rapping.

[siddharthb]

WeWork is revolutionary. A coffee machine in a rented property can revolutionize the valuation

[Ciborium]

I am pleased to see the return of Patrick's Rap News segment. Patrick is just the person I would trust to get my Rap industry news from.

[starchan]

I literally laughed aloud at your bit about the reinvention of the bus. It's incredible how you're both informative and entertaining!

[handbanana]

The "gym equipment with a build-in ipad" gimmick caught my eye because it's a niche I've solved myself for $0. It's called...laying my ipad on the gym equipment and using it as much as I can while doing my workout. Thanks for coming to my TED talk.

[cookiii]

Patrick I love how you have dialed up the sass

[RoryStarr]

I am constantly reminded of Ryan Howard in "The Office" adding a social network function to a bulk paper ordering website. I didn't appreciate how accurate that was when I first saw it.

[asdisskagen]

Patrick's dry wit is always the highlight of my day whenever a new one comes out. Thank you so much for making business fun again 😂😂😂

[jameskelly]

15:36 " Now that people realize it's just office rentals, and not a tech business."

I think a scary number of potential investors still don't realize this fact. Neumann raising money from investors to buy back WeWork, is still a real/nightmare possibility.

[EvilCreampuff]

I can always count on Patrick to keep me up to date with the legislative world of rap music.

[Herfinnur]

Fun fact: one of the first internet forums and certainly the most influential was started in 1985 and it's called (*drumroll*) The Well

[jhwheuer]

I have to admit, the 2023/24 season of this soap has been quite entertaining. Cannot wait for 24/25, especially the November episodes.

[dotanuki]

best part about juicero .. it couldn't even squeeze juice out of fruits and vegetables ... it squeezed pre-squeezed juice out of a pack .. something you could do with your hands

[phonecallsarejustoverquali]

The fake tech well is surprisingly, well, deep...

[Deadhumour]

“One way or another, this money was going to be vaporised, so we only have to feel so bad”

I like how you think, Sir Patrick.🤵‍♂️✍️

[nanucit]

After much consideration I think it can be inferred Newman's shady deal is not to buy back wework per-se but preparing the release of his first single "weRap" 🎙️

[pjdunnit]

Worked on one of their jobs as a contractor. One day I asked one of the managers how the job is going. He said "Meh, okay. You know with materials and labour, we've installed about 1.3 million pounds worth just this week!". I was gobsmacked! I was instantly suspicious as to how in the world this is a viable business model, so I googled them. Then for the next year, every ad on my phone was a 'we work'! This was around 2015? Knew it was dodgy as hell back then!