How WeWork's SHOCKING Mistake made it go BANKRUPT from 47 Billion dollars? : Business Documentary
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- เผยแพร่เมื่อ 27 ส.ค. 2024
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VIDEO INTRODUCTION:
Hi everybody,
On the 6th of November, WeWork filed for bankruptcy.
Today, its share price has dropped from 100 dollars in 2022 to just $1.6, thats a drop of 98.4% in just 1 year!!
But did you know that back in 2019, this same company was considered to be revolution in the American start up ecosystem because they were valued at a mind-boggling 47 Billion dollars!!
Fun fact, they commanded a 47 billion dollar valuation without ever making a single dollar in profits!!
And this failure of we work is not just another case study but very important bsuiness lesson for the investors and entrepreneurs all around the world on How to build disastrous company!! So if you are an entreprenur or a student of business just like Apple serves as an inspiration on how to build a business, wework is a classic example how not to build a business.
Which is why this case study is very important for all us to study!!
So lets dive into and understand,
How did WeWork rise to become a 47 billion-dollar company with no profits at all?
And after becoming a so called Legend, how did it fail miserably?
And, lastly, as students of business what are the failure lessons that we need to learn from the fall of WeWork?
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#thinkschool #businesscasestudy #geopolitics Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.
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Hey guys,
Please hit the like button to support our work!! Would mean alot :)
Thank you
Ganesh
Ganesh, I am following your thoughts since you were 10k subs... Keep growing in every ways... 👍🔥🇮🇳
Lo bhai TH-cam baba happy 😂
Congrats on 35 lakhs subscribers
Wishes for long way to go🤝
I saw you in the match
Hey Ganesh- please one disclaimer Wework India is managed by embassy group and is healthy and profitable
In this era of patience less viewers who seek satisfaction in 30/60 seconds through short duration contents(shorts/reels). Your videos have the potential to pull people and make them watch the whole video with patience even it's 20+ minutes long.
.
.
I have experienced it.
Now i prefer long contents over shorts/reels because of you @ThinkSchool.
I got love towards Business case studies because of you.
Thank you for everything guys. Keep enlighting ✨.
VERY TRUE !!! I never skip
Thinkschool I have been watching your videos since 2022 when you had 200k and now you’re in the millions great job I hope I can meet you 1 day.
All thanks to people like you ❤ who support our work :)
Me also
I still remember their hotwheels video (which is deleted now)
They didn't even had 100k as I remember there post of 100k after my subscription
Now they're having 3.5 million subs!!! It feels so good to see someone growing at such a good pace
Same here… Corona days
@@ThinkSchool is there any way for me to help you I am in the United States but I would love to help your channel
Wework India is actually doing very well and is generating growth and profits according to their CEO Kiran Virwani ,
"WeWork India’s Virwani said that despite the challenges brought by the pandemic, the Indian arm emerged profitable early last year. He said that it ended FY23 with a revenue of INR 1,400 Cr and INR 250 Cr in earnings."
Can you make a part 2 of this video highlighting what wework india did right.
Thanks a ton for your videos, they really help in understanding complex concepts in the simplest ways.
That sounds interesting!
Yeah, I’ve read about it that WeWork India is actually profit generating business, and steadily increasing despite their bankruptcy natively.
IDK about USA. But WeWork is the only (single one) company in entire India that gives decent coworking/shared office spaces, there is no alternative to it. So it's easy to make it profitable.
Real estate prices in India are very fair, the prices are very much proportional to what real people can afford while keeping their affairs profitable. And unlike USA & post 2015 India, where you can not survive without loans or other forms of cash to burn.
@@notgoodtime A lot of big companies use WeWork too.
For example the WeWork in Malviya Nagar, has NO coworking space, is only for offers large office space like entire floor or officer area for 50+people.
Weather big, small or startup. After working in WeWork anyone would hate to work in traditional offices, and WeWork is not that expensive (their margins is probably very low), so it's always a better option than building/managing your own office.
@@riscnxLol their are so many coworking companies in India. In my city Surat there is no Wework but many other amazing coworking spaces.
Takeaway:-
1.) Sustainable growth not rapid growth
2.) Ethical stakeholder
3.) Take care of small expenses (Tea/coffee)
4.) Don't Expense unnecessary, if company is not generating profits.
Keep adding...😊
Look for the perfect demand and supply
Thank you @ThinkSchool for making such amazing business case studies. The quality of content , the explanation, the video presentation , the sound effects and most of all the editing is brilliant! Makes it a complete package and a brilliant learning experience for the viewers! Keep up the great work !! Kudos to the entire team!! 👏 👏👏👏
Thank you so much
This man deserves all the recognition he gets and so much more.Such crisp,clear and engaging explanation.
Kudos to the video editor.Great visuals!
there is one thing that thinkschool can try to compete with netflix,
that is addition of direct interview with company management to your format,
if its face to face its even better than videocall.
thank you for inspiring greatness (I mean it.... you guys really do!)
Just to add, India doesn't allow IPOs through SPAC, it is only allowed in USA.
Wasn't aware - thanks for the insight!!
I would never invest in SPAC no matter what the reputation is.
That's really good...SPAC are such sly and creative way of circumventing regulations ...
ohh, didn't knew about this. thanks for the insight man. Can you also let us know why SPAC is allowed in USA if it has negative consequences to it? I mean I want to understand their part of the story too.
@@arkakumar1834 it benifits the powerfull ppl there like ceo of blackrock.
I love this type of video from think school....thier business documentary video are fantastic.....Ganesh bhai explains so well.....that a 15 year old boy can understand it very well and fall in love with business studies......that 15 year old boy was me, when think school was started i was 15 year old.....❤❤❤...lots of love for think school team
Agree..idk why our edu system forces us to choose streams at that age..why can't a curious kid study all of em..sad.
Hi I graduated in 2021 and since then I'm preparing for bank exams but I don't really like to pursue a long term career in it but due to the responsibility of a typical rural youngsters and the first gen of my family to get proper education I couldn't risk it . But I'm watching what are all I'm interested in the videos you are uploading and I hope one day I'll get the support and courage to seek what I'm passionate about and do something else till then I'll keep on upskilling and search for a value based profession that will quench my thirst in career . Also thank you so much for giving the exposure in various fields it means a lot ❤
Just amazed by the quality of the video content . I am watching this channel for a year and now I am getting more information in less time. The Editing looks premium and the colour combination is nice.
Hoping a video on Sam Altman - OpenAI - Microsoft saga!
Think School channel is like digital business scool for us. Being a first generation entrepreneur am learning so many lessons from them. Thank you team.
Just wondering where were expert analysts before this happens?
There's a real need of a business school who teaches these kind of practical and futuristic things.
Think School is a One Stop solution for me to get Tech and other Domain's information. Any major event happens in the world, I turn to Think School for a Good Perspective.
Please keep up the good work.
If you have not already created a video on Open AI,Sam Altman and MS, request you to create a video on this topic too.
Thank you 👍😊
As always your analysis of this business oriented topic is spot on. And yes i did get the vibe of cinematic screen and unique sound effect in this video but realised it after reading it in description. And if you are talking about what to improve , imo please give your view on how businesses , indigenous or foreign which go on to become a unicorn or stay small or even gets bubble bursted , affect the dream of 5 trillion dollar dream economy of india with a new and unique perspective. Just a suggestion. Even if this won't reach to you , i still think no one could do a better job than you in explaining the why in current big businesses getting success or failure. Thank you for your service .
My office was in Wework suddenly it moved to Cowrks
Now I knew the reason
I never thought that this kind of business really exist.
We Work India is healthy and profitable
Ya they are backed by embassy group
Wow @thinkschool ! What an amazing video - usually people keep on telling us what to do but hardly somebody ever tells what not to do!!! Kudos to you for making such a detailed case study. We want more such video from you!!!! Keep up the great work! Hopefully one day u will cross 100 million subscribers soon!
This was a very good case study. Would ve appreciated more if the emphasis was on unit economics failure. As in, total sqm under management.l, revenue per sqm and cost per sqm, debt per sqm etc economics in reality for Wework and it's peers would ve improved the viewers understanding. SPAC was a new concept.
Brilliant case study as always Ganesh, hats off.
1. Sustainable growth should always be prioritised over rapid expansion.
2. Never mess with supply and demand factor, otherwise it will mess you up.
3. An org can never survive when the roots are corrupted, in this case, Neumann.
4. Always be on the lookout for developments that are about to mess up your business model, in this case, covid lockdowns and rise of work from homes.
I can clearly notice how your team is working so hard
One notice I did is you added key points in the last learning section which makes it easy to prepare notes🎉
I am an individual who, in the past, rarely followed what's happening in the business world! Your videos have been my perfect introduction to the Business world, now that I am planning to venture into it! For that, I am extremely grateful! Each and every one of your Business Case Studies that I have gone through so far... has been an immense help in understanding what exactly happened and why! Really appreciate you creating such quality content!
Also, would love to know about Think School's business model as well!
Your case studies videos are very insightful and to the point. Thanks ⭐
This was really Insightful. Sustainable growth should be over and above Rapid Expansion..TRUEEE! And Financial Discipline is the key to it! Thank you for sharing such a beautiful analysis :)
Most important lesson was hiding in the bushes and it's as an entrepreneur you know where your company is headed enriching yourself before a catastrophe
Hi bro, after consistently watching your videos for nearly more than 2 years, now I am able to understand the story behind the numbers and also able to get a holistic picture of how businesses work and how nuantical things play a big role, etc....,
But one request, please make a video on how to do research? even though things got clearer as I kept on learning, I thought something was lagging to make a big decision out of it, if you help us by making a video for that, It will be very helpful for us.
Because, when I read an annual report, it seems too overwhelming, it's not that I am not ready to spend enough time on that, It's that I don't know whether the thing I am doing is correct or not, also, I saw in our videos that there are different sources for information containing graphs and data, how would you get that, where to look at for reliable information and so on......
I hope you'll help us. Thank You.
Been following the channel for quite some time. You guys do really an amazing work! Very Informative! Thanks man!
If possible please change the color of your chair cover, is very bright, catches attention when i am listening to you and most importantly gives vibe of being radioactive. Amazing and informative video btw.
Such a detailed analysis!!
Kudos to the research and the editing team for making such interesting videos which are filled with knowledge and are visually appealing too!
I'm not a fan of Apple's products but I definitely love their *business* . The company and its processes are an inspiration for me.
have you used Macbooks or iPhones and pods for at least a few months?
@@VishalSingh-ks8ef I've used mac but not the iPhone. But yeah I've seen people using it. Anyway the comment was about Apple from a business point of view and not tech Review
@@VishalSingh-ks8efWell iPhones are useless and I only like their Macs and iPad. I own all the 3 but my primary phone is android because of call recording and other more important features.
Awesome sound effects...used airpods and it was next level. Great going @thinkschool...keep moving and growing
Editing team surely did a great job 👍👍
Just superb !!! 🎉
I love this channel. Appreciate the hard work in researching the case study, editing, audio , music editing, graphics.
It’s a treasure . Please keep up the good work ! ❤
When Think school Had just 400 or 500 k subs i was one of them and from that time i have never missed your video. I am really addicted to your channel But We love you bro i am your twitter and instagram follower also. I am learning alot from you guys. Keep making such valuable content Love You all ❤
OH MY GOD THE AMOUNT OF HARD WORK YOU PUT IN THESE CASE STUDIES!!!! THANK YOU SO DAMN MUCH
❤ give us more business case studies..
Request : Give us business case study on HDFC & IDFC
Great business analyss ❤. Expecting more such analysis.
Thank you so much Think school for giving such a valuable information backed by solid research ❤🙌
Very useful for working professionals in technical fields.. With rapidly changing work styles,.. People have to look for the company's history rather than simply joining with higher pay..
If you're getting too high pay for your experience level then you're in red zone
One of Most value creation TH-cam channel I come across 🎉 kudos to the team 👌👌
Really appreciate your efforts creating such a transparent case study.🎉
Great explanation! What could have been really good would be to discuss other shared office stalwarts like Regus (now IWG) or “Business Centre” concepts which were always doing quite well, even before the “Co-working” term came into existence.
Get rid of unethical person from company or else you might get rid of our company soon. Is one of the strongest message to an entrepreneurs. 😊😊 😊
Well explained! Maza agaya bhai
Hdfc is really legendary. Please make a video on the hdfc group.
Brother there is a small mistake, 75% of company will acquire for 112.5 million dollars at the valuation of 150 million dollars.
By the way Great work bro .
You guys are fabulous ❤
He told 75% at the valuation of 200 million which is 150 million
Another blockbuster masterclass case study by TS...❤
Think school ... team... No, I won't name individuals.
Growth is imperial to any company, but ethical practices make one go really long way.
I could count the different sounds upto 110.. but 170 is mind boggling.. kudos to your editing team, superb work down by them.
Only one submission, if you could use company logos and names of people instead of their pictures.
Reason, someone may get offended, if their permission is not sought.
Better safe than sorry.
Eagerly waiting for your another case study esp on Indian companies. Like Pharmeasy-thyrocare acquisition and many more... 👌🏻👍🏻
Thyrocare covered in a case study
My friend works in this company , yesterday promoted him to senior manager . Now he can search for better position in other companies
Wework was a good idea which works well in bubbles and higher abstraction levels. Shared coworking space is good thing if neighbours watch your back and gradually create specialised products catering to each other and broad market as well as shared administrative and network costs prevents revenue bleeds on parasites like lawyer, clerks and marketer
Awesome video. Think School always do great job.
Thank think school I am 17 now and i have been watching your content for another 2 years old now and i am planning to start a start up in my first year of college.......all thanks to you and your team for providing such a gold mine ❤
Great work bro and thanks for making this! The best part is the last 3 mins. No matter who it is, the lessons you highlighted are the crux!
I do enjoy your work and keep up the good work think school
Thank you so making such videos ❤
Financial Discipline is important. Good One
Literally saw the view of this video going up.... only a legendary team can do this
Amazing analysis! Will just add another point, in this era of high valuations for Tech businesses, everybody wants to be a tech business. However, you cannot ignore your primary business. In my opinion, the biggest reason for downfall of Wework was that they considered themselves a tech firm till the very end but in reality they were a real estate firm. Founders need to understand that just by using technology in your operations you do not become a tech firm!
Amazing learning in simple terms… hats off Learning School
Great work with nice explanation.🎉 Keep up the good work guys
Thank you for making such knowledgeable case studies. You guys are really doing the great work.❤
I haven't watched any Netflix documentaries yet but I would like to say that your and your team's hard work is shining bright💥 great work.
Excellent business documentary with good inputs.
I've been watching your channel since months, Your work have inspired me to start my Own Channel.
Thank you 💟
BHAI AAAPNE TO AANKHE KHOL DI
RIP -- WE WORK 😑😑
THNX FOR SUCH GREAT CONTENT IN SUCH SHORT DURATION
Wework India is managed by embassy group and is healthy and profitable
Superb content and as usual you are great in delivering the right way 😊🙌🏻🙌🏻🙌🏻
Next Level. Would be great if few sec of cofounder interviews would have been added. Netflix Level ❤
Congratulations for 3.5M subs, been following you 2 years or more but barely disappointed.thanks ❤
Always love your videos. Very informative. This is your destiny to change lives with knowledge.
"Frugality is not a trait of the impoverished but a hallmark of the wise."
~Think School
Great Analysis Ganesh Bhai.God bless you. I specifically liked the point about ethical principles.
Wow, that was so knowledgeable... could you pls share the name of the book you read on HDFC bank?
Management Analysis is important while investing in companies
That's why sustainable growth is very important.
One important analysis required is even if 10% vehicles turn SB, what will be incremental power generation required and how much of that can be generated from green energy
Great job with the sound and overall editing🎉
The change can be felt
Please make a video on internet through satellite business model.
soft bank is investing In Paytm and OYO too
This is wonderful video, I learn a lot from you and think school . Thank you so much for this type of video, love you bro❤.
really a detail insight and very good learning , im so happy we have a person like you taking so much detail in explaining things ! WTG
As usual, good effort & awesome delivery!
Beautifully explained ❤️
SPAC explained so well so easily!!
BYJUS is the same as WE WORK, they thought that during the pandemic the user they gained will stay and keep rising, ignoring the facts that pandemic will not be forever and students will eventually start going to physical class instead of online. If they bought classes in a key location they would have had an actual chance also to think for future profitability rather than expansion.
Companies focus on different directions (office alongwith gym, resaturants and what not) : Can be doomed and can also be success story at different scenarios : It all depends on the Strategy Committee's research and the timing
Good one man. The way you give examples is the best way to make you audience complex stuff. These type of techniques are even used by professors when they are over some heavy topics. Keep it up ! 🎉
Highly valuable video. Appreciate your efforts in bringing awareness to the public about a wide variety of subjects. IMO you are one of the leading teachers of India and I'm sure your work will inspire a lot of people.
The most important point i have is, please dont lose your primary aim. I think your channel must focus on large-volume-high-quality content than low-volume-netflix-level-content. Whatever u decide, please dont decrease the frequency or depth of the content. Rather i strongly feel that your viewers are ready for even more frequent and more in depth videos (maybe u can raise a poll about it).
Recommendations regarding the video quality can include better visual graphics and a better backdrop behind your chair.
Please hear me out. I feel your production quality right now is perfectly serving the purpose of giving better knowledge(i never felt even once that your video quality is bad or even mediocre). Why fix somethig that isn’t broke. My MOST IMPORTANT recommendation is to increase the number of videos and their depth. I think the net value addtion of your channel will increase the most if you increase the frequency and depth of videos
Also I just want to let you know that this content has been adding so much value you cant even imagine. Thank you so much for everything. Waiting for the next video😄
@Thinkschool Your content is really amazing.
Great efforts !!! Request: If you can make video in hindi then even my mom would watch your videos
I have been watching most of your videos. It's really fantastic 👌. We can easily gather lots of information from your wonderful videos.
Content is mind blowing ❤
Sustainable development, financial discipline. Golden rules for life beyond finance
Bro great work ... I have some onboarding courses to do before joining my new company and they have case studies and everything in the case study is been covered by you .. for example byjus,we work, adani issue .. thank you Ganesh !!!!!
Hello Mr.Ganesh,I literally enjoy your every video.Each of your videos are so informative.
My question is "If wework cant able to do it then how does REITs like embassy office parks etc can actually generating profits?"
Really good video
Suggest me a book for intraday trade in Indian stock for beginners 😊
think school is the right place to understand the essentials...
Think school is very useful and knowledgeable, i get to learn lot from it.
Have they refinanced still see adverts on the web