Could WeWork hire T-Mobile CEO John Legere?

Could WeWork hire T-Mobile CEO John Legere? 1

In the wake of its failed IPO, WeWork’s parent company is in talks to hire T-Mobile CEO John Legere as its own new chief executive, according to the Wall Street Journal. We Co. is reportedly searching for a new CEO who can turn the troubled company around and potentially renew its prospects for a successful public offering. 

WeWork scrapped IPO last month, in part because of a series of reports about the dubious activities of its then-CEO Adam Neumann. A Wall Street Journal article claimed, among other things, that Neumann was known for partying on the job and borrowing heavily against his stock. After Neumann resigned under pressure in September, WeWork executives Artie Minson and Sebastian Gunningham took over as co-CEOs. 

Meanwhile, the company has also lacked a clear path to profitability. The office-sharing startup posted an operational loss of $1.37 billion in the first half of this year. 

Just months ago, WeWork was valued at $47 billion; its valuation is now a fraction of that. Japanese giant SoftBank Group posted its worst quarter ever due to its investments in WeWork. Softbank now owns a majority stake in the company. 

Legere, who regularly wears bright pink T-Mobile t-shirts, is known as an eccentric CEO in his own right. Still, T-Mobile has performed well under Legere’s leadership as it competes against larger rivals. Last month, the telecom reported that it continues to outpace Verizon and AT&T in adding subscribers. T-Mobile has also accelerated the launch of its 5G network with nationwide service by the end of the year. Meanwhile, the merger between T-Mobile and Sprint has made some progress, winning FCC approval, and Legere said last month he expects the deal to close in early 2020. 

Prior and related coverage:

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

The Largest Crypto Scams Of 2022 (So Far)
The Largest Crypto Scams Of 2022 (So Far)
June 14, 2022
How Do Scammers Entice Their Prey?
May 10, 2022
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin21,448 0.31 % 0.27 % 12.60 %
Ethereum1,244.2 0.74 % 0.83 % 25.01 %
Tether1.001 0.04 % 0.13 % 0.01 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
BNB239.07 0.21 % 1.01 % 21.12 %
XRP0.3705 1.20 % 0.52 % 19.78 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Binance USD1.002 0.24 % 0.04 % 0.09 %
Solana41.42 1.10 % 1.94 % 30.17 %
Polkadot8.210 1.65 % 0.73 % 16.20 %

Bitcoin (BTC) $ 21,483.00
Ethereum (ETH) $ 1,247.20
Tether (USDT) $ 1.00
USD Coin (USDC) $ 1.00
BNB (BNB) $ 239.69
XRP (XRP) $ 0.370513
Cardano (ADA) $ 0.523114
Binance USD (BUSD) $ 1.00
Solana (SOL) $ 41.76
Polkadot (DOT) $ 8.25