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Incinerated

Unicorn IPOs Have Incinerated $45 Billion This Year

The proposed WeWork IPO has totally collapsed. Founder Adam Neumann is out as CEO, and the company has slashed real estate deal activity and fired staff. The company’s credit rating has been cut to B-, and its bonds are plunging. Softbank recently valued WeWork at $47 billion, now some analysts say it may be worth…