Soaring High, Falling Hard: The WeWork Office Bust

We are currently witnessing the fall of one of the giants of not just the coworking industry but also of the post-pandemic era. A unicorn that began with a valuation of an astonishing $47 billion in 2019 was reduced to just $2.9 billion in one year. Many businesses expected this downfall and doubted the 2019 valuation even when WeWork was doing pretty good for itself.
 
So, what went wrong? How could the fifth largest unicorn that offered the most attractive flexible workspaces in big cities suddenly fall from its position of authority?