1
00:00:07,007 --> 00:00:09,843
["Happy Man" playing]
2
00:01:02,938 --> 00:01:04,147
[splashing]
3
00:01:04,230 --> 00:01:06,441
["Anonymous Club" playing]
4
00:01:16,618 --> 00:01:18,620
[Adam snoring]
5
00:01:33,719 --> 00:01:35,596
[thunder rumbles]
6
00:01:44,104 --> 00:01:47,107
[cell phone buzzing]
7
00:01:48,233 --> 00:01:49,359
[moans]
8
00:01:50,903 --> 00:01:53,363
- [Adam sighs]
- [Rebekah groaning]
9
00:01:57,367 --> 00:01:58,827
[Adam clears throat]
10
00:02:08,169 --> 00:02:09,838
- You see?
- Mmm. Yes.
11
00:02:09,922 --> 00:02:12,799
I told you. You can manifest anything.
12
00:02:12,883 --> 00:02:15,177
- Yes, you did.
- Do you see that?
13
00:02:15,802 --> 00:02:17,513
I do. Yeah. Yeah.
14
00:02:22,017 --> 00:02:23,560
So, what do you want?
15
00:02:24,061 --> 00:02:26,647
[Adam breathes deeply]
16
00:02:32,152 --> 00:02:33,612
I want the sun.
17
00:02:37,074 --> 00:02:39,159
Let's manifest the sun.
18
00:02:39,743 --> 00:02:42,579
[thunder rumbles]
19
00:02:43,914 --> 00:02:45,499
Corte Madera?
20
00:02:46,083 --> 00:02:47,835
[Adam] Uh, California.
21
00:02:53,048 --> 00:02:54,633
Yeah, I-I don't think I can do this.
22
00:02:54,716 --> 00:02:57,261
Of course you can.
It's easy. It's a board meeting.
23
00:02:57,344 --> 00:02:59,638
Just tell them
all the amazing things we're doing.
24
00:02:59,721 --> 00:03:00,722
When are you coming back?
25
00:03:00,806 --> 00:03:02,891
- Back where?
- [Miguel] Back here.
26
00:03:02,975 --> 00:03:04,309
- I am here.
- [baby cooing]
27
00:03:08,188 --> 00:03:11,108
Well, I-- I-I don't know what that means.
28
00:03:11,608 --> 00:03:13,819
I'm at WeWork right now.
29
00:03:13,902 --> 00:03:17,114
WeWork is-- It's wherever we are.
30
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[kisses]
31
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[line beeping]
32
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[sighs]
33
00:03:28,458 --> 00:03:30,002
- [board member clears throat]
- Hi.
34
00:03:31,336 --> 00:03:32,337
Um…
35
00:03:35,090 --> 00:03:37,968
[stammers] Um, does everyone have water?
36
00:03:38,760 --> 00:03:39,845
[clinks]
37
00:03:39,928 --> 00:03:41,680
Um, may I have some of your water?
38
00:03:42,848 --> 00:03:44,141
Where's Adam?
39
00:03:44,224 --> 00:03:46,393
[children chattering]
40
00:03:47,269 --> 00:03:48,896
Hey!
41
00:03:58,155 --> 00:03:59,698
What are you doing, motek?
42
00:04:01,658 --> 00:04:02,659
Dreaming.
43
00:04:03,785 --> 00:04:05,245
- Oh, yeah?
- [Rebekah chuckles]
44
00:04:05,329 --> 00:04:09,082
- Mommy, look. I found a crab leg.
- [Rebekah chuckles] Oh, wow!
45
00:04:09,166 --> 00:04:10,542
- Let me see.
- [Harlow] No, the seagull--
46
00:04:10,626 --> 00:04:12,252
- [Adam gasps, exclaims]
- [Harlow giggles]
47
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["Space Song" playing]
48
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[no audible dialogue]
49
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[no audible dialogue]
50
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[song continues]
51
00:05:06,598 --> 00:05:09,142
[no audible dialogue]
52
00:05:16,358 --> 00:05:18,944
[no audible dialogue]
53
00:05:23,240 --> 00:05:25,659
[song fades]
54
00:05:27,286 --> 00:05:30,122
- [Rebekah] My love, do you have a minute?
- Of course, of course.
55
00:05:31,373 --> 00:05:36,003
So… I found the old pitch deck
that you and Miguel made after Greendesk.
56
00:05:36,086 --> 00:05:38,380
And I started thinking back
to Concept Living
57
00:05:38,463 --> 00:05:43,260
and what it means to truly create
a physical social network.
58
00:05:43,343 --> 00:05:47,764
And I just started riffing
and-- and, well… [inhales deeply, sighs]
59
00:05:52,269 --> 00:05:53,770
We revolutionized work.
60
00:05:54,938 --> 00:05:58,901
Now we bring WeWork's mission,
our entire philosophy,
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00:06:00,110 --> 00:06:05,115
to airlines, gyms, to banking, living.
62
00:06:06,909 --> 00:06:09,244
We are more than WeWork.
63
00:06:09,328 --> 00:06:12,956
We are a way of life.
64
00:06:13,624 --> 00:06:17,127
[sighs, smacks lips, inhales deeply]
65
00:06:20,422 --> 00:06:22,257
S-So what do you think?
66
00:06:28,013 --> 00:06:32,267
I think… [stammers] …it's magic.
67
00:06:32,351 --> 00:06:34,144
- And I think you're magic.
- [giggles]
68
00:06:34,228 --> 00:06:35,395
Love it!
69
00:06:36,188 --> 00:06:39,149
- I'm a magician. [chuckles]
- You're a magician.
70
00:06:42,986 --> 00:06:47,533
[Adam] Our core mission remains the same:
to elevate the world's consciousness.
71
00:06:47,616 --> 00:06:51,954
But now we will be even more
than coworking space. Even more.
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00:06:52,037 --> 00:06:53,455
You don't think small, do you?
73
00:06:53,539 --> 00:06:55,832
No, no.
I don't know any other way to think.
74
00:06:55,916 --> 00:06:57,501
You made Fortune's Unicorn List
75
00:06:57,584 --> 00:07:01,713
of private companies
with valuations over one billion dollars.
76
00:07:01,797 --> 00:07:04,508
You're poised to control
the most square footage in New York City.
77
00:07:04,591 --> 00:07:07,344
Yet some of the world's
greatest companies have stumbled
78
00:07:07,427 --> 00:07:10,681
when they've taken their eyes off the ball
of their core businesses.
79
00:07:11,181 --> 00:07:12,599
We don't stumble.
80
00:07:14,101 --> 00:07:15,435
WeFly.
81
00:07:15,519 --> 00:07:16,603
- [interviewer laughs]
- [sighs]
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00:07:16,687 --> 00:07:18,564
[board member] Did he just pitch
a WeWork airline?
83
00:07:18,647 --> 00:07:20,566
- [interviewer] My pleasure.
- [Adam] Thank you. Good to see you.
84
00:07:21,108 --> 00:07:22,317
[murmurs]
85
00:07:29,992 --> 00:07:30,993
[Bruce clears throat]
86
00:07:33,120 --> 00:07:35,038
You took the kids out of school?
87
00:07:35,122 --> 00:07:37,541
Well, we're homeschooling them
with a Chabad curriculum.
88
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They're receiving the best education
in the world.
89
00:07:40,586 --> 00:07:43,630
The swell was at least six feet.
90
00:07:43,714 --> 00:07:45,591
- Uh-- Bruce!
- Adam.
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00:07:45,674 --> 00:07:46,842
[Adam] Bruce!
92
00:07:46,925 --> 00:07:49,887
- Welcome to our new home. Welcome.
- [cell phone ringing]
93
00:07:49,970 --> 00:07:51,638
Uh, what the hell are you doing here?
94
00:07:51,722 --> 00:07:54,057
I am so sorry. It's Harlow's school.
95
00:07:54,141 --> 00:07:56,143
Oh. Oh, okay. Okay.
96
00:07:56,226 --> 00:07:58,145
Hello. Rebekah Paltrow Neumann.
97
00:07:58,228 --> 00:08:00,105
- Can I get you anything?
- Uh, look.
98
00:08:01,023 --> 00:08:02,191
They're turning on you.
99
00:08:04,568 --> 00:08:07,112
[stammers] What do you mean?
100
00:08:07,196 --> 00:08:09,907
I mean, who-- [stammers]
Who is turning on me?
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00:08:10,949 --> 00:08:12,075
The board.
102
00:08:12,951 --> 00:08:15,579
They wanna go public.
103
00:08:16,455 --> 00:08:19,666
And they're concerned that
your eccentricities are not the right fit
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- for the CEO of a public company.
- Wait, wait, wait.
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00:08:22,085 --> 00:08:23,295
My eccentricities?
106
00:08:24,338 --> 00:08:25,631
My eccentricities? [stammers]
107
00:08:25,714 --> 00:08:29,635
Like what? The-The-The fact that I work
24 hours a day, seven days a week?
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00:08:29,718 --> 00:08:33,639
Or that I've grown this company
faster than Google or Alibaba or Amazon?
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00:08:33,722 --> 00:08:36,642
Those eccentricities, Bruce?
Those eccentricities?
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00:08:36,725 --> 00:08:38,309
- I'm in your corner.
- Eh…
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I'm on your side.
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Then you should be talking to them.
Not to me. Not to me, Bruce.
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I came to you first.
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When we were trying to expand,
I needed you.
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And you turned me away.
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I'm sorry you see it that way.
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The way I see it,
I have been with you from the start.
118
00:09:05,879 --> 00:09:07,673
I have given you millions.
119
00:09:08,715 --> 00:09:12,219
- But you seem to have forgotten.
- No, no, no, no. I haven't forgotten.
120
00:09:13,095 --> 00:09:14,263
I'm curious.
121
00:09:14,346 --> 00:09:18,350
At Benchmark, do you speak
to the CEO of Uber this way?
122
00:09:19,059 --> 00:09:21,520
That's what I wonder. I'm thinking no.
123
00:09:25,649 --> 00:09:26,859
"W-WeBike"?
124
00:09:28,485 --> 00:09:30,237
A bicycle valet service.
125
00:09:32,990 --> 00:09:36,410
Yeah. It's your company.
You get to, uh, make the decisions.
126
00:09:38,662 --> 00:09:42,124
As long as you're in charge,
you get to call the shots.
127
00:09:43,834 --> 00:09:46,336
Next time, I will call.
128
00:09:47,754 --> 00:09:50,507
[inhales deeply, sighs]
129
00:09:50,591 --> 00:09:52,384
[speaks indistinctly]
130
00:09:53,343 --> 00:09:55,220
[sighs]
131
00:09:56,638 --> 00:09:57,848
We have to go back.
132
00:09:59,808 --> 00:10:02,686
If you're worried
about our kids falling behind,
133
00:10:02,769 --> 00:10:05,189
then you're using
the wrong measuring stick.
134
00:10:05,272 --> 00:10:07,357
I have them listen in
on Adam's business calls
135
00:10:07,441 --> 00:10:08,734
in between tutoring sessions.
136
00:10:08,817 --> 00:10:11,236
I mean, second years
at Harvard Business School would kill
137
00:10:11,320 --> 00:10:12,529
for this kind of education.
138
00:10:12,613 --> 00:10:14,948
[Adam stammers]
You should see it, what Rivka's doing.
139
00:10:15,032 --> 00:10:16,408
- It's-- It's amazing.
- Thank you.
140
00:10:16,491 --> 00:10:19,286
We're-- And we are teaching them
conscious entrepreneurship.
141
00:10:20,329 --> 00:10:22,998
We believe in a traditional curriculum.
142
00:10:23,081 --> 00:10:25,918
Phonics, addition, subtraction.
143
00:10:26,001 --> 00:10:28,837
- Things like that.
- They're getting all of that. All of it.
144
00:10:28,921 --> 00:10:31,715
Traditional curriculums breed
traditional thinkers.
145
00:10:32,841 --> 00:10:36,345
Then maybe we're not the right school
for you or your daughter.
146
00:10:37,679 --> 00:10:39,515
Listen, we want Harlow here.
147
00:10:39,598 --> 00:10:43,018
But it sounds like you need to decide
whether that's the right fit.
148
00:10:43,810 --> 00:10:45,229
[Rebekah exhales sharply]
149
00:10:46,146 --> 00:10:49,733
I feel bad for the other kids.
I really do.
150
00:10:49,816 --> 00:10:53,862
I wish they were getting
the kind of education that Harlow is.
151
00:10:53,946 --> 00:10:57,783
Hello. Put a stop payment
on the last check to Harlow's school.
152
00:10:57,866 --> 00:11:02,538
We're going to find another place for her
to finger-paint for $42,000 a year.
153
00:11:02,621 --> 00:11:03,664
Yes.
154
00:11:03,747 --> 00:11:07,000
And to think we were going to donate
a meditation room.
155
00:11:10,587 --> 00:11:14,216
No, the curriculum's fantastic, but
what about the socialization aspect of it?
156
00:11:14,299 --> 00:11:15,759
We can't overlook that.
157
00:11:16,260 --> 00:11:18,470
[sighs] Spence?
158
00:11:18,554 --> 00:11:20,430
[groans] It's too far.
159
00:11:20,514 --> 00:11:22,432
- Sacred Heart?
- It's too Catholic.
160
00:11:22,516 --> 00:11:25,310
- Hackley? [sighs]
- No, no. No.
161
00:11:25,394 --> 00:11:28,480
None of these schools
are going to feed our children's souls.
162
00:11:28,564 --> 00:11:30,274
[inhales deeply]
163
00:11:33,819 --> 00:11:35,445
You're not crazy enough.
164
00:11:36,530 --> 00:11:37,531
Adam.
165
00:11:44,580 --> 00:11:45,581
[Adam breathes deeply]
166
00:12:12,900 --> 00:12:14,484
- [Adam] Yes.
- Yes.
167
00:12:16,445 --> 00:12:19,114
- Yes.
- Yes.
168
00:12:19,198 --> 00:12:21,200
- Oh, my God.
- [laughs] Hey.
169
00:12:21,283 --> 00:12:23,702
- [Rebekah] Mmm.
- Oh, yes.
170
00:12:24,828 --> 00:12:27,039
- We're gonna start a school.
- Yes.
171
00:12:27,122 --> 00:12:28,624
We're gonna start a s--
172
00:12:28,707 --> 00:12:31,293
I need to order some books on education.
I'll be right back.
173
00:12:31,376 --> 00:12:36,131
[kisses] Ingrid? Ingrid? Where's my phone?
174
00:12:36,215 --> 00:12:38,759
[cell phone buzzing]
175
00:12:38,842 --> 00:12:39,843
Miggy-Migs!
176
00:12:39,927 --> 00:12:41,136
[Miguel] Turn on CNBC.
177
00:12:42,763 --> 00:12:45,516
- CNBC? Why?
- Just turn it on.
178
00:12:45,599 --> 00:12:46,975
[CNBC anchor] And it's now official,
179
00:12:47,059 --> 00:12:50,229
Travis Kalanick has resigned
as CEO of Uber.
180
00:12:50,312 --> 00:12:53,106
Five of the ride-hailing giant's
biggest investors
181
00:12:53,190 --> 00:12:56,068
demanded that Kalanick
step down immediately.
182
00:12:56,151 --> 00:12:58,445
This included Uber's largest shareholder,
183
00:12:58,529 --> 00:13:01,573
the venture capital firm
Benchmark Capital.
184
00:13:01,657 --> 00:13:02,783
[Miguel] Benchmark.
185
00:13:02,866 --> 00:13:04,326
We're good with Benchmark, right?
186
00:13:04,409 --> 00:13:06,787
[inhales deeply] Calling you back.
187
00:13:06,870 --> 00:13:08,622
[CNBC anchor]
…delivered to the embattled CEO.
188
00:13:08,705 --> 00:13:10,457
- [breathing deeply]
- In a just-released statement…
189
00:13:10,541 --> 00:13:11,625
[volume fades]
190
00:13:12,376 --> 00:13:14,711
[breathing heavily]
191
00:13:18,048 --> 00:13:19,842
[sniffs, clicks tongue]
192
00:13:20,968 --> 00:13:22,344
[exhales heavily]
193
00:13:23,595 --> 00:13:26,056
I'm gonna get Bjarke Ingels to design it.
194
00:13:26,139 --> 00:13:28,308
Great. Great.
195
00:13:37,734 --> 00:13:38,986
[elevator bell dings]
196
00:13:39,069 --> 00:13:40,070
[Phil] Bruce is here.
197
00:13:40,654 --> 00:13:41,738
- Bruce?
- Bruce.
198
00:13:45,242 --> 00:13:46,243
Intention.
199
00:13:46,785 --> 00:13:48,161
Clarity.
200
00:13:48,245 --> 00:13:50,998
[sniffs, sighs]
201
00:13:53,917 --> 00:13:55,419
[clears throat]
202
00:13:55,502 --> 00:13:56,837
[knocks]
203
00:13:56,920 --> 00:13:58,547
- You mind if we come in?
- Hi.
204
00:13:58,630 --> 00:14:00,174
- [Bruce chuckling]
- [Adam] Hey.
205
00:14:00,257 --> 00:14:01,508
- Hey. Adam--
- [Adam] How's the back?
206
00:14:01,592 --> 00:14:02,593
- Good.
- Good.
207
00:14:02,676 --> 00:14:05,012
I want you to meet Cameron Lautner.
208
00:14:05,095 --> 00:14:08,557
And-- And, uh, Cameron,
the legendary Adam Neumann.
209
00:14:08,640 --> 00:14:11,894
- Cameron! That's the name of our masseuse.
- Our masseuse.
210
00:14:11,977 --> 00:14:13,979
- Our masseuse.
- Yeah, well, we call her Cammy.
211
00:14:14,062 --> 00:14:16,732
Yes, yes, Cammy.
We can call you Cammy Number Two.
212
00:14:16,815 --> 00:14:17,816
Uh, Cam is fine.
213
00:14:17,900 --> 00:14:19,735
- [chuckles]
- But Cammy's easier to remember.
214
00:14:19,818 --> 00:14:20,819
It's got a ring to it.
215
00:14:20,903 --> 00:14:23,447
Yeah,
I thought unicorns had hooves actually.
216
00:14:23,530 --> 00:14:25,782
- That's sneakers.
- We have horns too.
217
00:14:25,866 --> 00:14:27,993
- [Cam chuckles]
- Be careful. Be careful.
218
00:14:28,076 --> 00:14:29,912
I'll get you. [growls]
219
00:14:29,995 --> 00:14:32,998
[Bruce]
And this is Adam's cofounder, Miguel.
220
00:14:33,081 --> 00:14:34,416
- Nice to meet you.
- [Cam] Pleasure.
221
00:14:34,499 --> 00:14:36,710
- [Bruce] And his wife, Re--
- Chief Branding Officer.
222
00:14:36,793 --> 00:14:40,214
- And Chief Branding Officer, Rebekah.
- Rebekah Paltrow Neumann.
223
00:14:40,297 --> 00:14:42,341
- Absolutely charmed.
- Thank you.
224
00:14:42,424 --> 00:14:43,967
- My better half.
- [Bruce, Cam chuckle]
225
00:14:44,051 --> 00:14:46,803
Cameron is one of my partners
at Benchmark.
226
00:14:46,887 --> 00:14:49,473
And he's here to help.
227
00:14:49,556 --> 00:14:54,144
Yeah, well… [inhales deeply]
…didn't know we needed help. But…
228
00:14:54,228 --> 00:14:56,772
[chuckles] Everyone can do with
a little help, can't they?
229
00:14:56,855 --> 00:14:58,524
Ah, we've been doing pretty good
on our own.
230
00:14:58,607 --> 00:15:00,400
Or, um, maybe you still can't see
the horn.
231
00:15:00,484 --> 00:15:01,860
It's right here. You see it?
232
00:15:01,944 --> 00:15:04,112
- Yes, you do have a little horn, Adam.
- Yes, I do.
233
00:15:04,196 --> 00:15:05,197
[Cam chuckles]
234
00:15:05,280 --> 00:15:10,536
Benchmark's recommendation is that
you let us help you prepare for an IPO.
235
00:15:10,619 --> 00:15:13,205
- Just tighten things up a bit.
- Mm-hmm.
236
00:15:13,288 --> 00:15:16,333
But it's-- it's your company.
I mean, you call the shots.
237
00:15:17,584 --> 00:15:18,669
Well, what do you think?
238
00:15:21,505 --> 00:15:22,881
Uh…
239
00:15:23,757 --> 00:15:27,219
- I think everyone could use a little help.
- [Bruce] Yeah.
240
00:15:27,302 --> 00:15:29,721
- [Rebekah] Mmm. Oh, hi, Bea.
- Good lad. Great.
241
00:15:29,805 --> 00:15:30,931
[Bea] Bjarke.
242
00:15:31,014 --> 00:15:33,141
[Rebekah] Bjarke?
Okay, I'll meet him by the elevators.
243
00:15:33,225 --> 00:15:35,310
If you'll excuse me.
I have to meet with our architect.
244
00:15:35,894 --> 00:15:37,187
- We're starting a school.
- [Adam] Mmm.
245
00:15:37,271 --> 00:15:40,023
[Rebekah] See you later. [kisses]
Lovely to meet you. Bruce.
246
00:15:40,107 --> 00:15:41,900
[Adam] Chief Brand Officer.
247
00:15:43,068 --> 00:15:46,822
Yeah, well, you know,
the market doesn't really like education.
248
00:15:46,905 --> 00:15:48,907
There's no money in it. So…
249
00:15:48,991 --> 00:15:49,992
[Adam inhales deeply]
250
00:15:50,075 --> 00:15:51,869
[Cam] But you get that. You get it.
251
00:15:51,952 --> 00:15:54,413
Um, look, who should I speak to
about my office?
252
00:15:54,955 --> 00:15:58,000
Your-- Your office?
253
00:15:58,083 --> 00:15:59,751
I live here now, mate.
254
00:16:01,086 --> 00:16:01,920
[Cam chuckles]
255
00:16:05,048 --> 00:16:06,341
I see clouds.
256
00:16:09,720 --> 00:16:13,724
Clouds. Of Burmese teak.
257
00:16:13,807 --> 00:16:17,811
Yes. Yes, Bjarke. And, uh… [gasps]
258
00:16:20,397 --> 00:16:22,816
A meadow. Right?
259
00:16:23,650 --> 00:16:24,735
- Yeah.
- Yeah?
260
00:16:24,818 --> 00:16:26,028
[chuckling] Yeah.
261
00:16:26,111 --> 00:16:27,821
Oh, this is incredible.
262
00:16:27,905 --> 00:16:31,450
Ca-- Can you feel the energy
that we're creating in here?
263
00:16:31,533 --> 00:16:33,452
- Yes, I do.
- [chuckles]
264
00:16:34,494 --> 00:16:35,746
These columns?
265
00:16:36,663 --> 00:16:38,707
But they're not columns.
266
00:16:38,790 --> 00:16:40,709
- They're-- They're not?
- They're trees.
267
00:16:40,792 --> 00:16:43,086
- They're trees. I just got chills.
- [chuckles]
268
00:16:43,170 --> 00:16:45,380
Oh, my gosh. Just wow.
269
00:16:46,507 --> 00:16:47,549
- Yes.
- Yes. Yes?
270
00:16:47,633 --> 00:16:51,512
- Yes.
- This energy will be, um, expensive.
271
00:16:52,304 --> 00:16:57,226
Bjarke, our mission is
to unleash every child's superpowers.
272
00:16:57,309 --> 00:16:59,269
You can't put a price tag on that.
273
00:17:04,858 --> 00:17:07,444
I don't understand.
I thought this is what we wanted, right?
274
00:17:07,528 --> 00:17:08,529
To go public?
275
00:17:13,825 --> 00:17:16,244
Miguel, you and I grew up on communes.
276
00:17:16,828 --> 00:17:20,207
We had to share clothes, toys, everything.
277
00:17:20,290 --> 00:17:22,459
We never had anything that belonged to us.
278
00:17:22,542 --> 00:17:26,046
Now WeWork is ours. It's ours!
279
00:17:26,672 --> 00:17:30,801
And we will not have our company
belong to other people. Not yet. Not yet.
280
00:17:32,344 --> 00:17:34,429
What about our employees
and their options?
281
00:17:34,513 --> 00:17:36,932
Cam's asking for balance sheets
for the past ten years.
282
00:17:37,933 --> 00:17:39,935
Give him nothing.
283
00:17:41,645 --> 00:17:42,938
Wait, no, no! [stammers]
284
00:17:44,273 --> 00:17:45,399
Give him everything.
285
00:17:47,317 --> 00:17:48,819
[whispers] Everything.
286
00:17:52,406 --> 00:17:56,451
Welcome to WeWork, motherfucker.
287
00:18:09,882 --> 00:18:13,844
[Phil] Okay, just fill in the open spaces.
Start in the back. Stack 'em up.
288
00:18:15,179 --> 00:18:17,639
Any open space, fill it with a box.
Thank you.
289
00:18:19,057 --> 00:18:21,310
Think you'll need help with an intern, or…
290
00:18:22,060 --> 00:18:23,562
No, I'm good.
291
00:18:26,815 --> 00:18:29,568
["I Want My Minutes Back" playing]
292
00:18:48,754 --> 00:18:50,005
[no audible dialogue]
293
00:18:55,135 --> 00:18:56,678
[no audible dialogue]
294
00:18:58,180 --> 00:19:00,724
[song continues]
295
00:19:19,910 --> 00:19:21,453
[no audible dialogue]
296
00:19:21,537 --> 00:19:22,621
[song ends]
297
00:19:24,289 --> 00:19:27,668
- [Adam] The glasses, uh… [chuckles]
- [Miguel clears throat]
298
00:19:27,751 --> 00:19:28,836
- [both chuckle]
- [Cam] Okay.
299
00:19:28,919 --> 00:19:32,965
I just-- just wanted to take a moment
to thank you for-- for making the time.
300
00:19:33,048 --> 00:19:34,508
I know you're terribly busy.
301
00:19:35,384 --> 00:19:37,886
Couple of questions I had.
302
00:19:37,970 --> 00:19:40,556
What-- What's Wavegarden?
303
00:19:40,639 --> 00:19:43,350
It's a really great wave pool that we--
304
00:19:43,433 --> 00:19:45,936
[stammers] He knows what it is.
He has all the files.
305
00:19:46,019 --> 00:19:48,313
Yeah, well, I-I just wanted to check wha--
306
00:19:49,147 --> 00:19:51,733
WeWork didn't buy a stake
in a wave pool company
307
00:19:51,817 --> 00:19:54,444
just 'cause you like to surf, did it?
308
00:19:54,528 --> 00:19:57,114
Actually, we're planning on building
a permanent summer camp.
309
00:19:57,197 --> 00:19:58,198
- [Cam] Excellent.
- Permanent.
310
00:19:58,282 --> 00:20:00,033
How about Laird Superfood?
311
00:20:00,117 --> 00:20:04,538
That's a, um… [smacks lips]
…turmeric-and-mushroom-infused creamers.
312
00:20:04,621 --> 00:20:05,455
[Miguel] It's delicious.
313
00:20:05,539 --> 00:20:07,541
So, uh, I'm just trying
to understand things here.
314
00:20:07,624 --> 00:20:12,671
Why would a shared workspace company
buy a stake in a--
315
00:20:12,754 --> 00:20:14,339
in a coffee creamer company?
316
00:20:14,423 --> 00:20:17,968
- Because our employees drink coffee.
- J-Just… [stammers]
317
00:20:18,051 --> 00:20:19,887
Let them finish. Let them finish.
318
00:20:19,970 --> 00:20:24,099
This particular coffee creamer company
is owned by Laird Hamilton.
319
00:20:24,183 --> 00:20:26,393
So I know it's a silly, silly question,
320
00:20:27,269 --> 00:20:29,396
but did you buy a stake in it
321
00:20:29,479 --> 00:20:33,775
because you wanted to hang out
with famous surfers, or wha--
322
00:20:36,236 --> 00:20:38,947
[inhales deeply] I can see
this is a little performance.
323
00:20:39,031 --> 00:20:41,408
- And it's very, very entertaining.
- Thank you. Mmm.
324
00:20:41,491 --> 00:20:44,786
But please get to the point.
I have a company to run.
325
00:20:44,870 --> 00:20:48,165
Th-The thing is that this is
what they're going to do, isn't it?
326
00:20:48,248 --> 00:20:51,168
You know, they're gonna--
They're gonna ask all the tough questions.
327
00:20:51,251 --> 00:20:52,961
They're gonna look under every stone.
328
00:20:53,045 --> 00:20:57,424
And six people hit on this
in, what, less than a week?
329
00:20:57,508 --> 00:21:00,761
So, honest question. [stammers]
I want your answer here.
330
00:21:00,844 --> 00:21:02,221
What do you think's gonna happen
331
00:21:02,304 --> 00:21:04,890
when every analyst in the fucking world
is looking at WeWork?
332
00:21:13,649 --> 00:21:14,650
[inhales sharply]
333
00:21:14,733 --> 00:21:18,111
The board never objected
to a single one of these transactions.
334
00:21:18,195 --> 00:21:22,658
Trust me, I get that.
The-The-- [chuckling] The thing is-- is,
335
00:21:22,741 --> 00:21:24,785
when you're a private company,
you can do whatever you want.
336
00:21:24,868 --> 00:21:27,621
Buy all the coffee creamers you want.
Honestly. I don't give a fuck.
337
00:21:27,704 --> 00:21:30,582
But when you go public,
338
00:21:30,666 --> 00:21:33,126
there are the SEC shareholders
to think about, right?
339
00:21:33,210 --> 00:21:37,422
10-Ks and 8-Ks and 8-Qs and Forms 3, 4, 5
340
00:21:37,506 --> 00:21:41,218
and Schedules 13s and--
Absolutely boring. I know.
341
00:21:41,301 --> 00:21:43,178
But it's really important
we get this done,
342
00:21:43,262 --> 00:21:46,098
so if we can just put our big boy pants on
for a little while longer
343
00:21:46,181 --> 00:21:48,642
and just push on through this--
Is that all right?
344
00:21:49,226 --> 00:21:50,811
- Continue.
- [Cam] Thank you.
345
00:21:55,148 --> 00:22:00,153
You told The Wall Street Journal
that WeWork was profitable.
346
00:22:00,737 --> 00:22:03,532
You said we wouldn't need
any more investment before the IPO.
347
00:22:03,615 --> 00:22:04,992
That's just not true.
348
00:22:05,534 --> 00:22:08,078
Just help me out here.
Why are you lying, Mr. Neumann?
349
00:22:09,329 --> 00:22:11,331
["Harlem Shake" playing]
350
00:22:17,171 --> 00:22:19,506
[cheering, whistling]
351
00:22:23,927 --> 00:22:25,596
Turn that fucking music off!
352
00:22:27,723 --> 00:22:29,016
[music stops]
353
00:22:29,099 --> 00:22:31,894
Continue. Continue.
You've got my attention.
354
00:22:33,187 --> 00:22:37,983
I just feel like the right partner will,
um, authenticate our mission even more.
355
00:22:38,066 --> 00:22:41,612
So, to that end,
I want Adam Braun to run it.
356
00:22:41,695 --> 00:22:43,238
- [Damian] Scooter Braun's brother.
- Yes.
357
00:22:43,322 --> 00:22:45,240
- [Damian] I--
- Hello, shalom. [kisses]
358
00:22:45,324 --> 00:22:46,825
Yes. Sorry to interrupt.
359
00:22:46,909 --> 00:22:48,118
[Rebekah] No, no, no, no.
360
00:22:48,202 --> 00:22:51,747
I did a piece on Scooter Braun
back when Justin and Selena broke up, so…
361
00:22:51,830 --> 00:22:53,540
Uh, MissionU is very successful.
362
00:22:53,624 --> 00:22:55,584
- He'll never leave.
- Mmm. Okay.
363
00:22:55,667 --> 00:22:58,128
So we buy MissionU.
364
00:22:58,212 --> 00:22:59,254
Brilliant.
365
00:22:59,338 --> 00:23:01,590
- [Rebekah] How much is it?
- [consultant] Four million if we're lucky.
366
00:23:01,673 --> 00:23:03,133
- Okay, great. So--
- [chuckles]
367
00:23:03,217 --> 00:23:04,801
[Rebekah] Talk to you tomorrow. Thanks.
368
00:23:04,885 --> 00:23:07,471
[sighs] Mmm.
369
00:23:07,554 --> 00:23:09,431
- Good meeting?
- [Rebekah] Oh, so good.
370
00:23:09,515 --> 00:23:10,891
There's so much to do.
371
00:23:10,974 --> 00:23:12,351
- Great, great, great.
- [sighs]
372
00:23:12,434 --> 00:23:16,605
[inhales deeply, sighs]
373
00:23:16,688 --> 00:23:20,400
We can't buy any more companies right now.
[exhales deeply]
374
00:23:20,484 --> 00:23:24,279
Adam, I-- I can't slow down.
375
00:23:24,363 --> 00:23:26,073
WeGrow's mission is too important.
376
00:23:26,156 --> 00:23:29,159
WeGrow's mission will have to wait, okay?
377
00:23:30,202 --> 00:23:31,495
No.
378
00:23:32,329 --> 00:23:34,331
I'm not going to wait. Not anymore.
379
00:23:38,460 --> 00:23:39,878
You've let negative thoughts in.
380
00:23:43,090 --> 00:23:46,969
[inhales deeply]
Yeah, well, it's just, uh--
381
00:23:47,052 --> 00:23:50,055
I don't know what to manifest anymore.
I feel trapped.
382
00:23:50,806 --> 00:23:51,807
[Rebekah] Mmm.
383
00:23:54,518 --> 00:23:56,019
[Adam sighs]
384
00:23:56,770 --> 00:23:58,146
So manifest freedom.
385
00:24:01,984 --> 00:24:03,777
- [chuckles]
- [chuckles]
386
00:24:04,987 --> 00:24:05,988
Okay.
387
00:24:06,071 --> 00:24:08,115
I'm gonna have the lawyers
draw up the contracts.
388
00:24:08,198 --> 00:24:09,533
[Adam chuckles]
389
00:24:09,616 --> 00:24:12,494
[stammers, sighs]
390
00:24:16,665 --> 00:24:17,666
[sighs]
391
00:24:24,506 --> 00:24:28,218
[Adam] Y muchas gracias
to the mayor. Yes. The mayor.
392
00:24:28,302 --> 00:24:29,970
[crowd cheers]
393
00:24:31,138 --> 00:24:33,724
And to our 100th city.
394
00:24:33,807 --> 00:24:35,517
- [crowd cheering]
- [Adam, Miguel scream]
395
00:24:35,601 --> 00:24:38,228
- Nosotros!
- Trabajamos!
396
00:24:38,312 --> 00:24:40,689
- [Rebekah, Adam] Nosotros!
- Trabajamos!
397
00:24:40,772 --> 00:24:43,442
- Nosotros!
- [crowd] Trabajamos!
398
00:24:43,525 --> 00:24:45,819
- [Rebekah, Adam] Nosotros!
- [crowd] Trabajamos!
399
00:24:45,903 --> 00:24:49,031
- Nosotros!
- Trabajamos!
400
00:24:49,114 --> 00:24:50,115
[Adam] Yeah!
401
00:24:50,199 --> 00:24:52,367
- [Adam] Whoo!
- [Miguel] Whoo! Here we go. One more.
402
00:24:52,451 --> 00:24:54,745
- [WeWork employee] Come on, man.
- [Miguel] Yo, here we go.
403
00:24:54,828 --> 00:24:55,829
Here we go.
404
00:24:55,913 --> 00:24:58,415
- I have to, uh, go to el baño.
- [Miguel] Hold on. You ready?
405
00:24:58,498 --> 00:25:00,209
- [Jacob] Yes, yes.
- [Miguel] Oh! Whoa!
406
00:25:00,292 --> 00:25:03,295
- [Jacob] No, no! Whoa!
- [employees] Whoa!
407
00:25:04,880 --> 00:25:05,881
[Adam] Masa!
408
00:25:07,257 --> 00:25:11,553
"Meet me in Mexico City"? You're crazy.
409
00:25:11,637 --> 00:25:15,390
- Right? Yes! Who's crazy? Yes!
- What the hell is that?
410
00:25:15,474 --> 00:25:17,142
- Who is crazy?
- Hey!
411
00:25:17,226 --> 00:25:20,562
- Who is crazy, eh?
- [laughing]
412
00:25:22,898 --> 00:25:24,858
[laughing] Whoo!
413
00:25:27,319 --> 00:25:30,280
I want to feel that every day
for the rest of my life.
414
00:25:30,989 --> 00:25:31,990
Freedom!
415
00:25:33,158 --> 00:25:36,411
Freedom!
416
00:25:46,380 --> 00:25:47,589
[sighs]
417
00:25:48,841 --> 00:25:49,842
Freedom.
418
00:25:52,094 --> 00:25:53,971
Buy out the others.
419
00:25:54,054 --> 00:25:55,973
Benchmark, the banks. All of them.
420
00:25:59,810 --> 00:26:03,438
No IPO. No one telling us what to do.
No one looking over our shoulders.
421
00:26:03,522 --> 00:26:07,860
We only answer to each other.
And-- And we show them.
422
00:26:07,943 --> 00:26:10,988
We show them what crazy really looks like.
423
00:26:17,286 --> 00:26:18,287
What do you think?
424
00:26:21,456 --> 00:26:24,543
I think you have fortitude.
425
00:26:25,294 --> 00:26:27,838
["Pisto Morras y Cotorreo" playing]
426
00:26:30,841 --> 00:26:31,842
[speaks indistinctly]
427
00:26:31,925 --> 00:26:34,595
- [all] Oh!
- Drink, drink!
428
00:26:42,144 --> 00:26:43,854
[both moan]
429
00:26:46,648 --> 00:26:48,901
A round for the bar. Shots por todos.
430
00:26:49,610 --> 00:26:52,821
- Shots por todos!
- [employees cheer]
431
00:26:52,905 --> 00:26:56,867
- [Adam] Nosotros!
- [all] Trabajamos!
432
00:27:29,191 --> 00:27:30,776
[typing]
433
00:27:40,410 --> 00:27:41,495
[shutter clicks]
434
00:27:41,578 --> 00:27:43,288
[exhales deeply] Did you get it?
435
00:27:44,581 --> 00:27:45,791
- Yeah.
- Great.
436
00:27:45,874 --> 00:27:48,126
Did you see her Instagram?
437
00:27:58,262 --> 00:28:00,013
[chattering]
438
00:28:00,097 --> 00:28:03,809
Yes, yes, very nice work.
Very nice work, team.
439
00:28:04,852 --> 00:28:05,978
I need to talk to you.
440
00:28:06,061 --> 00:28:08,021
Cammy Number Two. What do you want?
441
00:28:08,105 --> 00:28:09,106
I'm in a meeting.
442
00:28:10,107 --> 00:28:11,275
What's this?
443
00:28:12,192 --> 00:28:14,778
Um… [smacks lips] …WeGrow.
444
00:28:14,862 --> 00:28:17,698
- We discussed this. No school.
- [Adam] No, no, no, no, no, no.
445
00:28:17,781 --> 00:28:18,782
You discussed it.
446
00:28:18,866 --> 00:28:21,660
I listened,
and I decided not to take your advice.
447
00:28:21,743 --> 00:28:24,955
That's all it is, right? Advice?
We're doing everything on the board.
448
00:28:25,038 --> 00:28:26,790
- [Phil] Adam.
- [Adam] Everything. Yes?
449
00:28:26,874 --> 00:28:28,458
What do you wanna wear for CNBC?
450
00:28:28,542 --> 00:28:31,044
Uh, gray Prada suit, white button-down,
451
00:28:31,128 --> 00:28:33,172
maybe, uh, the suede Gucci shoes?
452
00:28:33,255 --> 00:28:35,090
And, uh, I'll take your tie.
453
00:28:35,174 --> 00:28:36,175
Oh, you like it?
454
00:28:36,258 --> 00:28:39,428
Yeah, but ask Damian
if the stripes are okay.
455
00:28:39,511 --> 00:28:41,263
- I know that always drives him crazy.
- Adam,
456
00:28:41,346 --> 00:28:44,016
investors are trying to understand
our core business.
457
00:28:44,099 --> 00:28:47,352
It's a business that's losing
astronomical amounts of money.
458
00:28:47,436 --> 00:28:49,229
We can't start a new business now.
459
00:28:49,313 --> 00:28:55,110
Okay. That's too bad because I, uh--
I just had an amazing idea.
460
00:28:55,819 --> 00:28:57,696
Oh, you'll love it.
461
00:28:59,990 --> 00:29:01,450
[grunts] Here it is.
462
00:29:04,453 --> 00:29:05,454
WeGo.
463
00:29:06,371 --> 00:29:07,539
Here's the concept.
464
00:29:08,373 --> 00:29:11,835
We go back to work, okay?
465
00:29:11,919 --> 00:29:15,422
And you can get the fuck out of my office.
466
00:29:16,298 --> 00:29:19,134
- Great.
- Yes. Yes, it's good. Good.
467
00:29:21,720 --> 00:29:23,514
Okay, where were we?
468
00:29:27,059 --> 00:29:28,101
Page?
469
00:29:28,185 --> 00:29:29,520
[Matthew] Uh, 18.
470
00:29:31,480 --> 00:29:33,607
- [Adam] Continue. Continue.
- [clears throat] Uh…
471
00:29:33,690 --> 00:29:37,194
Masa buys out the other investors
for 20 billion,
472
00:29:37,277 --> 00:29:40,155
which values WeWork at $47 billion,
473
00:29:40,239 --> 00:29:43,116
but he wants control
of the company post-buyout.
474
00:29:43,200 --> 00:29:45,994
No, no, no, no, no, no, no.
I remain in control.
475
00:29:47,079 --> 00:29:48,914
Nonnegotiable. You understand?
476
00:29:48,997 --> 00:29:49,998
Yes.
477
00:29:55,921 --> 00:29:57,381
Let's go through these.
478
00:29:57,464 --> 00:29:58,757
Cam, we went through those.
479
00:29:58,841 --> 00:30:01,176
Then let's go through them again.
480
00:30:01,260 --> 00:30:04,137
Up, up.
Up, up, up, up, up, up, up, up, up, up.
481
00:30:07,850 --> 00:30:09,017
[exhales sharply]
482
00:30:10,310 --> 00:30:11,937
[chuckles]
483
00:30:15,899 --> 00:30:17,609
[Damian] What is WeGrow's mission?
484
00:30:18,110 --> 00:30:21,029
Uh, it's the same as all the We companies.
485
00:30:21,113 --> 00:30:22,990
To elevate the world's consciousness.
486
00:30:23,073 --> 00:30:24,867
Maybe a little more specifically.
487
00:30:25,784 --> 00:30:31,790
The mission of WeGrow is to unleash
every person's superpower.
488
00:30:34,334 --> 00:30:35,836
And expand happiness.
489
00:30:35,919 --> 00:30:37,588
Mm-hmm.
490
00:30:37,671 --> 00:30:39,590
- Okay. Right.
- Okay.
491
00:30:39,673 --> 00:30:41,675
Um, you know what?
Let's take it back a step.
492
00:30:41,758 --> 00:30:44,428
During a press release,
you kinda wanna stick with the basics.
493
00:30:44,511 --> 00:30:45,804
Well, obviously.
494
00:30:45,888 --> 00:30:49,266
So, the basic idea here is
WeGrow is a school.
495
00:30:49,349 --> 00:30:52,769
Well, it's really more of a practice
and a new approach to life.
496
00:30:54,062 --> 00:30:55,147
- Okay. Right.
- Okay.
497
00:30:55,647 --> 00:30:59,401
Um, uh, who were your teachers?
498
00:31:01,445 --> 00:31:04,198
His Holiness the Dalai Lama
and Mother Nature.
499
00:31:06,074 --> 00:31:08,535
Damian! Stop fucking around.
Come on. I need you.
500
00:31:08,619 --> 00:31:10,495
- Come, come, come.
- Uh, A-- Ada--
501
00:31:12,206 --> 00:31:13,624
[floor director] Four. Three.
502
00:31:15,626 --> 00:31:17,794
[anchor] Are you
New York's biggest leaseholder yet?
503
00:31:17,878 --> 00:31:21,131
We're about to close a deal
that will make us number one.
504
00:31:21,215 --> 00:31:25,469
Walter Isaacson recently
compared you to Steve Jobs. Is it--
505
00:31:25,552 --> 00:31:29,473
Walter is great. I'm thinking
about having him write my biography.
506
00:31:29,556 --> 00:31:31,767
That will put you
in some pretty rarefied company.
507
00:31:31,850 --> 00:31:34,478
Da Vinci. Einstein. Kissinger. Jobs.
508
00:31:34,561 --> 00:31:37,314
Does Neumann belong among names like that?
509
00:31:37,397 --> 00:31:40,108
- Da Vinci, Einstein-- Come on.
- No, no, no. Absolutely not.
510
00:31:40,192 --> 00:31:41,527
- Not yet. Oh.
- Not yet.
511
00:31:41,610 --> 00:31:42,611
Not yet.
512
00:31:42,694 --> 00:31:46,281
You have built the second most valuable
private company in America.
513
00:31:46,865 --> 00:31:49,117
Third most in the world.
It is a bona fide unicorn.
514
00:31:49,201 --> 00:31:51,954
Last year, your revenue doubled
to 1.8 billion.
515
00:31:52,037 --> 00:31:54,206
Now, but you did lose 1.9.
516
00:31:54,790 --> 00:31:57,125
What do you say to claims
that you'll never be profitable?
517
00:31:57,209 --> 00:32:01,004
It took Amazon, what,
nine years to make a profit.
518
00:32:01,755 --> 00:32:05,384
At year eight, we're almost at breakeven,
so I'd say we're ahead of schedule.
519
00:32:06,093 --> 00:32:07,886
[anchor] Is WeWork the next Amazon?
520
00:32:07,970 --> 00:32:10,389
- [Rebekah] Adam? When'd you get--
- [Adam] We're a trillion-dollar company.
521
00:32:10,472 --> 00:32:13,225
Do you know how long it takes a diamond
to be created?
522
00:32:13,308 --> 00:32:14,893
I need to talk to you about earlier.
523
00:32:14,977 --> 00:32:16,728
Between half a million
and four million years.
524
00:32:16,812 --> 00:32:19,064
I was working with Damian
when you came in,
525
00:32:19,147 --> 00:32:21,525
and you just interrupted us, and it's n--
526
00:32:21,608 --> 00:32:23,902
W-W-Watch-- Watch how I handle this.
Watch.
527
00:32:23,986 --> 00:32:26,363
[Adam] For three days in 1999,
528
00:32:26,446 --> 00:32:29,157
Masayoshi Son was the richest man
in the world,
529
00:32:29,241 --> 00:32:31,869
and he will be again because of WeWork.
530
00:32:32,578 --> 00:32:35,163
- [anchor] Thank you, Mr. Neumann.
- [Adam] Thank you very much.
531
00:32:35,247 --> 00:32:38,250
[anchor] Last year, your revenue doubled
to 1.8 billion.
532
00:32:38,333 --> 00:32:40,419
Now, but you did lose 1.9.
533
00:32:40,502 --> 00:32:43,088
What do you say to claims
that you'll never be profitable?
534
00:32:43,172 --> 00:32:44,298
[cell phone clicks]
535
00:32:45,674 --> 00:32:46,800
[sighs]
536
00:32:47,593 --> 00:32:49,511
[lawyer, in Japanese]
He insists on control.
537
00:32:50,137 --> 00:32:55,726
And he would prohibit you from investing
in competing real estate ventures.
538
00:32:55,809 --> 00:32:57,978
[in Japanese] He presumes to tell us
what we can invest in?
539
00:32:58,687 --> 00:33:02,191
They are burning through cash
at an alarming rate.
540
00:33:02,608 --> 00:33:05,611
And with the downward pressure
on our stock price
541
00:33:05,694 --> 00:33:08,614
Son-san, we should not do this deal.
542
00:33:08,697 --> 00:33:10,157
The terms are unfavorable.
543
00:33:11,783 --> 00:33:13,619
[in Japanese] Then we improve the terms.
544
00:33:26,798 --> 00:33:27,799
He's coming!
545
00:33:32,471 --> 00:33:33,972
["Roar" playing on speakers]
546
00:33:34,056 --> 00:33:35,265
Louder. Louder.
547
00:33:35,349 --> 00:33:36,350
Masa's counter.
548
00:33:36,433 --> 00:33:37,976
["Roar" continues, louder]
549
00:33:38,060 --> 00:33:40,646
- How is it?
- They pushed back. Hard.
550
00:33:40,729 --> 00:33:42,981
Well, then we push back harder, okay?
551
00:33:43,065 --> 00:33:46,026
And then they push back, and we push back,
and they push back again.
552
00:33:46,109 --> 00:33:48,987
- That's why it's called a negotiation.
- They are not messing around.
553
00:33:49,071 --> 00:33:50,948
Not with this pressure
on their share price.
554
00:33:51,031 --> 00:33:52,366
We-- We should accept.
555
00:33:52,449 --> 00:33:53,700
Listen to me, Matthew.
556
00:33:53,784 --> 00:33:58,413
Masa respects crazy. You understand?
Crazy. Push back!
557
00:33:58,497 --> 00:33:59,581
On what?
558
00:34:00,499 --> 00:34:02,084
Everything.
559
00:34:02,167 --> 00:34:03,710
We must have fortitude.
560
00:34:05,128 --> 00:34:06,255
Louder!
561
00:34:09,632 --> 00:34:12,344
[song continues]
562
00:34:16,556 --> 00:34:19,476
Make the beast
a beautiful man, Bobby. [sighs]
563
00:34:19,560 --> 00:34:20,561
[Bobby] You got it.
564
00:34:21,436 --> 00:34:23,522
[moans]
565
00:34:23,605 --> 00:34:25,315
[Jacob] 8.9.
566
00:34:27,025 --> 00:34:29,902
[shouting] 8.9.
567
00:34:30,612 --> 00:34:34,157
8.9!
568
00:34:34,241 --> 00:34:38,996
- Hey! Oh!
- Eight point fucking nine!
569
00:34:40,080 --> 00:34:41,831
[song continues]
570
00:34:45,835 --> 00:34:47,337
Behold!
571
00:34:48,338 --> 00:34:54,094
With this lease, we just passed
8.9 million square feet!
572
00:34:54,178 --> 00:34:56,471
[employees cheering]
573
00:34:57,054 --> 00:35:01,351
WeWork now controls the most
square footage in all of New York City!
574
00:35:01,435 --> 00:35:02,728
- Wow!
- Yeah!
575
00:35:02,811 --> 00:35:06,148
And we are going to party!
576
00:35:06,231 --> 00:35:09,151
[all cheering]
577
00:35:09,234 --> 00:35:14,072
Yes! Yes! Yes!
578
00:35:14,156 --> 00:35:16,909
[Adam] Nice and straight
in the back, Bobby.
579
00:35:16,992 --> 00:35:18,035
Nice and straight.
580
00:35:18,118 --> 00:35:20,954
Adam, uh, Lars called
from-- from SoftBank.
581
00:35:21,038 --> 00:35:24,583
Masa wants you to meet with somebody
named Khaldoon Khalifa Al Mubarak.
582
00:35:24,666 --> 00:35:26,919
He's head of Abu Dhabi's
sovereign wealth fund.
583
00:35:27,002 --> 00:35:28,212
Put it in my calendar.
584
00:35:28,295 --> 00:35:31,840
But-- But Abu Dhabi's not gonna let
SoftBank invest any more money in WeWork.
585
00:35:31,924 --> 00:35:35,010
You have to meet with him and impress him.
He said it's very important.
586
00:35:35,093 --> 00:35:38,805
Tell him not to worry. I'll knock
Mubarak's kandura off, you understand?
587
00:35:38,889 --> 00:35:40,682
I'll make his agal spin like a top.
588
00:35:40,766 --> 00:35:43,393
- [Phil] Okay.
- Hey. Now, I want you to plan a party.
589
00:35:44,102 --> 00:35:45,229
- A what?
- [Adam] A party.
590
00:35:45,312 --> 00:35:48,524
A party for being
New York's biggest leaseholder.
591
00:35:48,607 --> 00:35:51,527
- [Phil] Okay.
- Yes. And see if we can get will.i.am.
592
00:35:51,610 --> 00:35:53,820
["Go!" playing]
593
00:35:56,490 --> 00:35:59,576
"Neumann, WeWork's messianic CEO,
594
00:35:59,660 --> 00:36:02,454
says the brave new world
of the gig economy is reshap"--
595
00:36:02,538 --> 00:36:05,374
Messianic, like, uh, me-messiah?
596
00:36:06,250 --> 00:36:07,417
Yes.
597
00:36:08,043 --> 00:36:10,712
Phil, do you think that I'm messianic?
598
00:36:11,213 --> 00:36:13,715
- Be honest.
- Yeah. Uh, yeah, I do.
599
00:36:14,591 --> 00:36:18,011
"Now, Neumann spends his Mondays
at WeWork HQ"…
600
00:36:18,095 --> 00:36:20,389
[continues, indistinct]
601
00:36:20,472 --> 00:36:21,473
True.
602
00:36:22,558 --> 00:36:25,185
"Topped off with shots of tequila
for the entire staff."
603
00:36:27,020 --> 00:36:28,772
[song continues]
604
00:36:31,817 --> 00:36:35,070
[no audible dialogue]
605
00:36:57,885 --> 00:36:58,969
[song ends]
606
00:37:04,141 --> 00:37:05,225
[sighs]
607
00:37:08,729 --> 00:37:10,272
[marker lid pops, clatters]
608
00:37:28,207 --> 00:37:29,875
[exhales sharply]
609
00:37:42,262 --> 00:37:43,388
[door opens]
610
00:37:43,472 --> 00:37:47,059
Hey, Adam, you're set for tomorrow
at The Mercer with Al Mubarak.
611
00:37:47,142 --> 00:37:48,227
Who is that?
612
00:37:49,019 --> 00:37:50,979
The head of Abu Dhabi's
sovereign wealth fund.
613
00:37:51,063 --> 00:37:52,689
You had that call with SoftBank about him.
614
00:37:53,899 --> 00:37:56,485
Al Mubarak. He's one of
the Vision Fund's biggest investors.
615
00:37:56,568 --> 00:37:58,820
He said has doubts about WeWork.
616
00:37:59,696 --> 00:38:02,491
And he won't when I get done with him.
617
00:38:02,574 --> 00:38:04,868
Okay, h-how is the party planning coming?
618
00:38:04,952 --> 00:38:07,287
Did you get the Black Eyed Peas
or will.i.am or--
619
00:38:07,371 --> 00:38:10,082
Um, trading phone calls. Stuff like that.
620
00:38:11,750 --> 00:38:13,794
What is the board doing here?
621
00:38:16,547 --> 00:38:19,424
If I had known you were coming,
I would have put out muffins.
622
00:38:19,508 --> 00:38:21,552
- [Richard] Have a seat.
- [Adam] I was planning on it.
623
00:38:21,635 --> 00:38:23,929
So, how can I help you? [sniffs]
624
00:38:26,306 --> 00:38:27,307
Adam…
625
00:38:29,434 --> 00:38:33,063
you're not really fit to be CEO
of a public company, are you?
626
00:38:35,440 --> 00:38:38,026
Y-You see, WeWork has grown,
627
00:38:38,861 --> 00:38:40,279
and Adam hasn't.
628
00:38:40,362 --> 00:38:43,782
You know, I--
I'm not talking about the tequila
629
00:38:43,866 --> 00:38:46,410
and the cock and balls in the Zen garden
630
00:38:46,493 --> 00:38:48,287
and all that adolescent bullshit.
631
00:38:48,370 --> 00:38:50,497
No. I'm-- I'm talking about this.
632
00:38:52,291 --> 00:38:53,500
This.
633
00:38:53,584 --> 00:38:56,628
Got 55 Chrystie Street, 189 Lispenard.
634
00:38:56,712 --> 00:39:01,758
These are buildings that are owned by Adam
and are leased back to WeWork.
635
00:39:01,842 --> 00:39:05,262
How is he negotiating the best terms
for the company
636
00:39:05,345 --> 00:39:08,015
if he's negotiating against himself?
637
00:39:08,599 --> 00:39:11,476
He trademarked the word "we"
638
00:39:12,895 --> 00:39:17,524
and then sold it to the company
for $5.9 million.
639
00:39:17,608 --> 00:39:19,026
That's your money.
640
00:39:19,610 --> 00:39:23,197
Turmeric coffee creamer company
and a wave pool company,
641
00:39:23,280 --> 00:39:28,327
and now his wife's quite frankly insane
vanity project, a school.
642
00:39:28,410 --> 00:39:29,953
Hands up if anybody can tell me
643
00:39:30,037 --> 00:39:34,583
why a shared workspace company
is building a school.
644
00:39:40,214 --> 00:39:43,133
What are you, uh, waiting for, eh?
645
00:39:45,302 --> 00:39:48,972
Are you-- Are you waiting
for gasps of shock?
646
00:39:49,056 --> 00:39:50,474
[imitates gasp]
647
00:39:51,183 --> 00:39:54,770
I told you. I said the board knew
about every single transaction.
648
00:39:54,853 --> 00:39:56,688
They didn't object to any of it.
649
00:39:56,772 --> 00:39:59,733
Yes, you know,
they did give you a lot of rope,
650
00:39:59,816 --> 00:40:02,611
and you hung yourself with it.
651
00:40:02,694 --> 00:40:04,321
Right? He's very charming,
652
00:40:04,404 --> 00:40:09,326
but we stand to lose or gain billions
653
00:40:09,409 --> 00:40:11,370
based on this moment.
654
00:40:12,996 --> 00:40:14,998
Let's get rid of the rotting corpse.
655
00:40:15,541 --> 00:40:16,959
Remove him as CEO.
656
00:40:20,045 --> 00:40:23,507
Where were you when we were
screwing together desks ten years ago?
657
00:40:23,590 --> 00:40:24,591
Eh?
658
00:40:24,675 --> 00:40:29,388
Or-- Or when I was flying
from Jaipur to Hanoi to-- to Shanghai
659
00:40:29,471 --> 00:40:30,889
trying to expand into Asia?
660
00:40:30,973 --> 00:40:32,266
Where were you?
661
00:40:33,058 --> 00:40:35,435
You don't want me here? Okay. Okay.
662
00:40:35,519 --> 00:40:37,229
Who is going to run this company?
663
00:40:37,855 --> 00:40:40,357
Is it him? Miguel?
664
00:40:40,440 --> 00:40:42,693
[scoffs] Miguel?
665
00:40:44,069 --> 00:40:45,404
Good luck.
666
00:40:46,154 --> 00:40:49,116
Find another person
who can walk into a room
667
00:40:49,199 --> 00:40:52,619
and come out 12 minutes later
with $4 billion.
668
00:40:52,703 --> 00:40:56,164
I'm a golden fucking goose
laying golden fucking eggs.
669
00:40:56,248 --> 00:40:59,209
And I'm going to make every single one
of you filthy fucking rich.
670
00:40:59,293 --> 00:41:00,836
So let's do it. Let's do it.
671
00:41:01,587 --> 00:41:04,464
Let's vote on Cam's motion.
No, no, no. Le-- Let's do it.
672
00:41:05,132 --> 00:41:06,425
- All in favor!
- [Cam] Great.
673
00:41:06,508 --> 00:41:08,302
All in favor!
674
00:41:08,385 --> 00:41:10,554
Let's go. Good.
Come, come, come, come, come.
675
00:41:12,472 --> 00:41:13,473
[Bruce clears throat]
676
00:41:15,392 --> 00:41:17,102
[Adam] Yes, well, there it is.
677
00:41:17,186 --> 00:41:19,563
5-4 in favor of you fucking off.
678
00:41:20,606 --> 00:41:21,607
Meeting adjourned.
679
00:41:21,690 --> 00:41:23,025
Muffins on the way.
680
00:41:35,329 --> 00:41:38,207
Adam, you're not a golden goose.
681
00:41:39,374 --> 00:41:41,043
You just have fortitude.
682
00:42:07,569 --> 00:42:11,865
Again! Again! Again!
683
00:42:11,949 --> 00:42:16,328
- Again! Again! Again! Again!
- [shouting]
684
00:42:16,411 --> 00:42:22,125
- Yeah! Yes! Again! Again!
- WeWork! WeWork! WeWork! WeWork!
685
00:42:22,209 --> 00:42:27,256
- Again! Yes! Yeah!
- [employees chanting] WeWork! WeWork!
686
00:42:27,339 --> 00:42:30,300
[chanting continues]
687
00:42:30,384 --> 00:42:34,346
Yes! Yeah! [screams]
688
00:42:34,429 --> 00:42:35,514
[chanting intensifies]
689
00:42:35,597 --> 00:42:39,726
Yes! Yes! Yes!
690
00:42:40,519 --> 00:42:42,145
[employees cheering]
691
00:42:42,229 --> 00:42:44,147
[screaming]
692
00:42:44,231 --> 00:42:45,440
[screaming]
693
00:42:45,524 --> 00:42:48,193
- WeWork! WeWork! WeWork!
- [employees cheering]
694
00:42:55,868 --> 00:42:58,078
[cheering, applauding continues]
695
00:43:06,211 --> 00:43:09,756
[Adam sighs]
696
00:43:12,384 --> 00:43:15,596
[sighs, inhales sharply]
697
00:43:20,017 --> 00:43:22,269
[snoring]
698
00:43:22,352 --> 00:43:24,396
[Rebekah]
You're gonna be there tomorrow, right?
699
00:43:24,479 --> 00:43:26,857
[Adam snores, groans]
700
00:43:26,940 --> 00:43:28,150
For what?
701
00:43:30,694 --> 00:43:33,906
Tomorrow is the first day of WeGrow.
You're talking to the kids.
702
00:43:34,698 --> 00:43:36,783
[snoring]
703
00:43:52,466 --> 00:43:54,426
[chattering]
704
00:44:08,649 --> 00:44:09,733
Adam.
705
00:44:10,692 --> 00:44:12,653
Adam. Adam.
706
00:44:13,654 --> 00:44:15,197
- [snores]
- Adam, you need to wake up.
707
00:44:15,781 --> 00:44:18,033
- [Adam] Who is it?
- It's me. Birdie.
708
00:44:18,116 --> 00:44:21,119
It's 11:23.
You have the meeting with Al Mubarak.
709
00:44:21,203 --> 00:44:22,579
- Masa's investor.
- [groans]
710
00:44:22,663 --> 00:44:24,248
- Who?
- You're gonna miss it. We have to go.
711
00:44:25,415 --> 00:44:27,584
- [sighs] Sh--
- We have to go.
712
00:44:27,668 --> 00:44:30,045
Sheikh, my deepest apologies.
713
00:44:30,128 --> 00:44:32,339
Please, excuse me.
714
00:44:32,422 --> 00:44:35,759
I-- I hope they're treating you well.
[inhales sharply, sighs]
715
00:44:36,510 --> 00:44:38,262
[Vision Fund executive, in Japanese]
He was 45 minutes late.
716
00:44:38,345 --> 00:44:43,058
Saudi Arabia and now Abu Dhabi refuse
to allow us to invest more money in him.
717
00:44:43,141 --> 00:44:46,019
His demands in the negotiation
have been infuriating.
718
00:44:46,103 --> 00:44:47,437
He is like a child.
719
00:44:47,521 --> 00:44:50,148
He's been spoiled long enough.
720
00:44:50,232 --> 00:44:52,734
Son-san, we must put an end to this.
721
00:45:01,201 --> 00:45:04,580
Masa! It's your prodigal son.
722
00:45:04,663 --> 00:45:09,001
Listen, I had a small scheduling problem
with Mubarak,
723
00:45:09,084 --> 00:45:12,087
but, uh… [stammers] …call me back.
Not a big deal.
724
00:45:12,171 --> 00:45:14,381
Call me back. Call me day or night.
725
00:45:15,465 --> 00:45:18,010
Agree to their terms.
Close it up. Close it.
726
00:45:20,304 --> 00:45:21,305
[Adam] Did Masa call?
727
00:45:21,388 --> 00:45:23,682
- Uh, no, he didn't. But you do have--
- Listen. [stammers]
728
00:45:23,765 --> 00:45:26,059
Only get me for Masa.
729
00:45:26,602 --> 00:45:27,978
For Masa. That's it.
730
00:45:30,606 --> 00:45:34,401
[Rebekah] So, here at WeGrow,
we place equal priority
731
00:45:34,484 --> 00:45:39,865
on your mental, physical,
and spiritual development.
732
00:45:39,948 --> 00:45:42,618
However you learn is just fine.
733
00:45:48,832 --> 00:45:49,875
[children cheering]
734
00:45:50,542 --> 00:45:51,543
Call Adam's office again.
735
00:45:53,712 --> 00:45:57,591
Okay, um, while we wait
for our very special guest,
736
00:45:58,258 --> 00:46:00,385
why don't we go around the circle,
737
00:46:00,469 --> 00:46:02,596
and everyone can say
what their superpower is.
738
00:46:02,679 --> 00:46:04,515
Okay, yes, what's your superpower?
739
00:46:05,766 --> 00:46:08,769
[breathing shakily]
740
00:46:10,312 --> 00:46:12,105
- [knocks]
- [gasps] Masa?
741
00:46:12,189 --> 00:46:13,857
You have to be at WeGrow in three minutes.
742
00:46:13,941 --> 00:46:15,192
Oh, shit.
743
00:46:15,275 --> 00:46:16,985
Why didn't you tell me?
744
00:46:17,069 --> 00:46:18,237
[children cheering, squealing]
745
00:46:18,320 --> 00:46:20,906
Remember to always follow your passions
746
00:46:20,989 --> 00:46:23,033
and never do anything you don't love
747
00:46:23,116 --> 00:46:24,868
and, and…
748
00:46:25,619 --> 00:46:29,540
fight to the death for everything
that you do, you understand?
749
00:46:29,623 --> 00:46:31,333
- [cheering, applauding]
- [Adam] All right.
750
00:46:31,416 --> 00:46:32,417
[children exclaiming]
751
00:46:32,501 --> 00:46:34,503
[cheers]
752
00:46:35,963 --> 00:46:37,923
All right, all right, well, um, I thi--
753
00:46:38,006 --> 00:46:39,508
I'm sure we all can agree
754
00:46:39,591 --> 00:46:43,220
that, uh, those inspiring words
from Mr. Neumann came,
755
00:46:43,303 --> 00:46:44,972
uh, better late than never.
756
00:46:45,055 --> 00:46:48,016
So, teachers, if you could please
gather your students
757
00:46:48,100 --> 00:46:49,893
and please take them to the music corner.
758
00:46:49,977 --> 00:46:53,981
Parents, you are welcome to join in
for this very, very special day.
759
00:46:54,064 --> 00:46:55,941
Thank you so much.
760
00:46:56,024 --> 00:46:57,818
[Adam, Rebekah sigh]
761
00:46:57,901 --> 00:46:59,528
Will you come with me
for a moment, please?
762
00:46:59,611 --> 00:47:01,363
Of course. Yeah, of course.
763
00:47:01,905 --> 00:47:04,575
[whispering] How about I come to
one of your board meetings in a bathrobe?
764
00:47:04,658 --> 00:47:06,743
[groans] Don't be dramatic, okay?
765
00:47:06,827 --> 00:47:08,287
Can we not do this here?
766
00:47:08,370 --> 00:47:10,247
- Here of all places.
- Oh, okay. Okay.
767
00:47:10,330 --> 00:47:11,874
Then when are we supposed to do it?
768
00:47:11,957 --> 00:47:14,710
When you come home
in the middle of the night, shit-faced?
769
00:47:14,793 --> 00:47:16,920
- That happened twice. Twice.
- Shh.
770
00:47:17,004 --> 00:47:18,630
You're gonna destroy everything
we have built.
771
00:47:18,714 --> 00:47:20,132
- You can't--
- Oh. We built? We built?
772
00:47:20,215 --> 00:47:21,300
Did you say, "we built"?
773
00:47:21,383 --> 00:47:23,135
I built this. I built it.
774
00:47:23,218 --> 00:47:26,096
You, you just take and take and take
and take and take.
775
00:47:26,180 --> 00:47:28,015
You wanted to, uh, be an actor.
776
00:47:28,682 --> 00:47:29,808
I gave you a theater.
777
00:47:29,892 --> 00:47:32,311
You wanted to be an executive.
I gave you a job.
778
00:47:32,394 --> 00:47:34,062
You wanted to be an educator.
779
00:47:34,146 --> 00:47:37,149
I built you a fucking school.
780
00:47:37,232 --> 00:47:38,775
You, you think you built this?
781
00:47:38,859 --> 00:47:41,028
You built shit.
782
00:47:41,528 --> 00:47:43,906
[breathing heavily]
783
00:47:46,783 --> 00:47:48,243
I'm-- [sighs]
784
00:47:49,161 --> 00:47:51,788
No. [sighs heavily]
785
00:47:54,791 --> 00:47:56,919
["I'll Never Give You Up" playing
on speakers]
786
00:47:59,171 --> 00:48:02,466
[Jacob] All right, listen up!
All right, you beautiful people!
787
00:48:03,008 --> 00:48:08,305
I just want to do a toast
to 8.9 million square feet!
788
00:48:08,388 --> 00:48:11,433
[employees cheering]
789
00:48:13,727 --> 00:48:15,562
8.9!
790
00:48:15,646 --> 00:48:20,651
[Jacob, employees chanting] 8.9! 8.9! 8.9!
791
00:48:20,734 --> 00:48:22,986
[cheering]
792
00:48:23,070 --> 00:48:26,240
Masa! Finally!
I've been trying to reach you.
793
00:48:26,323 --> 00:48:27,824
Good to hear your voice.
794
00:48:27,908 --> 00:48:28,909
Listen to me.
795
00:48:28,992 --> 00:48:32,287
There was a small scheduling error
with Al Mubarak.
796
00:48:32,371 --> 00:48:35,040
Nothing really.
You're probably not even be aware of it.
797
00:48:35,541 --> 00:48:37,709
- Nothing to be concerned about. It--
- [Masa] Adam.
798
00:48:37,793 --> 00:48:41,380
Listen, if he was upset at all,
it's easy to fix.
799
00:48:41,463 --> 00:48:42,840
I'll jump on the plane tomorrow.
800
00:48:42,923 --> 00:48:43,924
- I'll be there tomorrow.
- Adam.
801
00:48:44,007 --> 00:48:45,801
I'll knock his socks off, you understand?
802
00:48:45,884 --> 00:48:48,387
I cannot move forward with Fortitude.
803
00:48:48,470 --> 00:48:49,471
I'm sorry.
804
00:48:49,555 --> 00:48:51,598
[continues, indistinct]
805
00:48:51,682 --> 00:48:53,350
[audio distorts, fades]
806
00:48:57,896 --> 00:49:00,524
[no audible dialogue]
807
00:49:16,081 --> 00:49:18,041
[breathes shakily]
808
00:49:18,125 --> 00:49:20,377
[audio resumes]
809
00:49:20,460 --> 00:49:21,795
[rock music playing]
810
00:49:31,430 --> 00:49:33,432
[audio distorts, fades]
811
00:49:36,810 --> 00:49:38,979
[employees cheering, distorted]
812
00:49:40,063 --> 00:49:45,068
[employees chanting] 8.9! 8.9! 8.9!
813
00:49:45,152 --> 00:49:48,197
- [normal audio resumes]
- 8.9! 8.9!
814
00:49:48,280 --> 00:49:53,493
- Yeah, baby! We love you. Whoo!
- Yeah, baby! You, man.
815
00:49:53,577 --> 00:49:55,454
You! You, man!
816
00:49:55,537 --> 00:50:01,418
[employees chanting] 8.9! 8.9! 8.9! 8.9!
817
00:50:01,502 --> 00:50:03,629
[chanting continues, fades]
818
00:50:03,712 --> 00:50:05,714
[no audible dialogue]
819
00:50:05,797 --> 00:50:08,300
[no audio]
820
00:50:09,092 --> 00:50:11,261
["Ha Howa Ha Howa" playing]
821
00:50:21,688 --> 00:50:23,774
[no audible dialogue]
822
00:51:02,187 --> 00:51:03,647
[mouthing words] Fuck me.
823
00:51:10,529 --> 00:51:11,572
[song ends]
824
00:51:25,752 --> 00:51:26,879
[exhales heavily]
825
00:51:29,131 --> 00:51:31,049
[crying, sniffling]
826
00:51:45,731 --> 00:51:47,649
[crying, sniffling continues]