WeWork sells SEO startup Conductor, which it bought for $113.6M, back to its management team, shuts down Spacious, which it acquired for $42.5M four months ago
Polina Marinova / Fortune :
Related Coverage
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- WeWork Sells Conductor Unit Back to the Founder Bloomberg
- WeWork Begins Offloading Acquired Startups to Renew Co-Working Focus Observer
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Discussion
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@dohertyjf
@dohertyjf
on x
Congrats to @Besmertnik @stephanbajaio and the Conductor team on spinning back out of We. Looking forward to seeing what they do next! https://techcrunch.com/...
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@simianaudio
Jonah Merchant
on x
Oof! The @WeWork fallout continues... @spacioushq is getting closed down at the end of this month, 4 months after it was acquired by WeWork for USD$42.5m... all 50 staff laid off 😳 https://www.vox.com/...
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@drorpoleg
Dror Poleg
on x
Bummer. I love @spacioushq and think it fits well within a modern real estate offering. https://www.vox.com/...
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@shiringhaffary
Shirin Ghaffary
on x
The latest in the WeWork implosion saga: WeWork is shutting down Spacious, a restaurant coworking space it acquired four months ago laying off a staff of 50. https://www.vox.com/...
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@kateclarktweets
Kate Clark
on x
New: @Conductor has fully divested from @WeWork, with its own CEO & COO buying back shares. Plus, Conductor employees will be given founder-preferred shares, creating “250 employee co-founders” who collectively own a majority stake. https://techcrunch.com/...
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@mark_barrera
Mark Barrera
on x
Congrats to the @Conductor team! More companies should look at a model of employee ownership similar to this... https://techcrunch.com/...
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@jkrohrs
Jeffrey K. Rohrs
on x
Now that's leadership. Congrats @Conductor & all the employee-owners. https://twitter.com/...