The conventional wisdom about WeWork these days is that it is some kind of failure.
The privately held company announced that its co-founder, Adam Neumann, would step down as CEO. It also withdrew the planned initial public offering that it had registered with the Securities and Exchange Commission. That was an indication that potential investors were wary about buying into an enterprise that, in 2018, lost about $1.9 billion on revenue of about $1.8 billion. Or at least that the potential investors were wary about buying in at a price that valued the overall company in the $10 billion to $47 billion range.
Former congressman and current presidential candidate Joe Sestak is walking across New Hampshire from west to east as he stumps for the Democratic Party's nomination.
Sestak, 67, a retired U.S. Navy vice admiral, served two terms in the U.S. House of Representatives from 2007 to 2011, for a district in Pennsylvania about an hour north of Philadelphia.
