First they should stop paying 100% commissions to real estate agents. Seriously, if you need office space cut a deal with an agent where you get back 80% of the rent paid for the term.
Can you post a source for your claims? 100% commission seems extremely fantastical.
It's entirely possible this has been the state of the company for some time and senior management + SoftBank wanted to cash out via IPO. Everything's come crashing down.
It would have worked if it weren't for those meddling kids and the crazy valuation.
Is there a record for the fastest company crash and burn?
Let’s be real: this was going to happen regardless of whether or not the founders and investors cashed out.
The only remarkable thing about the WeWork story is that the markets called BS before the IPO.