Apple has picked up a limited series based on the story of WeWork for Apple TV+, according to a new report from Variety. The upcoming show is based on the six-part Wondery podcast called “WeCrashed: The Rise and Fall of WeWork.”
WeWork in early 2019 was valued at close to $50 billion as it prepared for an IPO, but the company crashed and burned after a series of articles highlighted mismanagement and odd behavior from CEO Adam Neumann, who was quickly ousted. WeWork’s IPO was canceled and the company’s valuation plunged to $5 billion.
From the podcast that the show is based on:
The founders of WeWork thought they were on the brink of making history. The company was valued at $47 billion dollars, it was ready for a huge IPO, and its charismatic CEO Adam Neumann thought it was going to change the world. Adam had a prophet-like vision for WeWork that he sold to some of the world’s savviest investors — but did his vision ever match the company’s reality? Hosted by David Brown of the hit podcast Business Wars, WeCrashed is a six-part series about the rise and fall of WeWork. It’s a story of hope and hubris, big money and bigger screwups, and the lengths people will go to chase “unicorns.”
Lee Eisenberg, known for Apple TV+ show “Little America,” is co-writing and executive producing the series alongside former Warner Bros. executive Drew Crevello, who has produced films like “The Grudge 2.”
This article, “Limited Series Based on Downfall of WeWork Coming to Apple TV+” first appeared on MacRumors.com