Former WeWork CEO Adam Neumann on his new $1 billion real estate startup called Flow
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- Опубліковано 21 вер 2024
- Adam Neumann, former WeWork CEO, joins CNBC's Deidre Bosa to discuss his new $1 billion real estate startup, his bid to buy back WeWork, and more.
This man is literally running the same exact scam again. If anyone falls for it. It’s their fault.
what is the scam?
Shameless from Israel
Just because you don't understand it doesn't mean it's a scam. He built a billion dollar company. I doubt you've done anything similar. It's easy for ignorance to throw around words like scam.
@@DigSamurai lol
It lives on investor money, but it’s still a functioning business. WeWork suffered from overexpansion and had to really cut back, and it’s probably still too expanded, but it’s still running.
I bet his third venture will be named WERUN
LOL
With your money 😂
Might aswell call it wescam and investors are still gonna flock
America, fascinating country where scammers like these get interviewed by news channel, instead of showing real news 😂
Prob paid a good chunk for the ad spot
Man is financial Thanos. Making money vanish with a snap of his fingers
it goes into his pocket, it doesnt vanish
@@davidwilliesosayou proud of him ain't you?
I personally was thinking Flow was a feminine hygiene product. 😂😂
Came here just for the comments. Didn't even hit play on the video 😂😂
You need to watch the video, he is hilarious.
Same
Why is this grifter being giving more air time?
so he can grift some more duh
CNBC platforms Cathie Wood as a smart investor
Deirdre Bosa and CNBCshould be ashamed of themselves for participating in this grifter’s reemergence.
Because he hires publicists that have immense pull in the media sector. Hiring a publicist gets you this interview
Redemption possible? Can people learn from their mistakes?
I couldn’t dislike a human more than this guy.
Elizabeth Holmes and SBF come to mind...
@@LaurentCardinal Elizabeth Holmes at least got what she deserved
I could not agree more.
For sure there are thousands of people worst than him!! And the investors were idiots… what was so special about wework??? Nothing, zero, nada, niente, pufff
@@LaurentCardinal EH and SBF at least had the decency to go to jail
When someone is selling something and I hear the word "community," my BS detector goes on high alert.
Massive scam artist
well he scammed the venture capitalist and not the public
Hater
@@Hihowrya Are you dumb ? He's a scammer
@@Hihowrya
No not a hater..truth teller.
No scam huge builder, bad manager
This guy can sell ice to an Eskimo 😂
He talks in circles
Why he is not in jail?
You have to do something illegal to go to jail.
Yeah unfortunately what he did wasn't really illegal illegal. He did mislead people and investors which I thought would be enough but I guess not
In jail why? For having a brain while others didnt?? Wework was a scam since the beginning! Like crypto… people are in because they want to
@@wishmasterxr
Con Artists always know how to keep their own hands off the illegality of their schemes. And they always know when to flee to another Country where they have citizenship.
Not only does he get a VC firm to give him $300 million the pumpers at CNBC give him a free launch video. I live in south florida and see little difference between his property and the one I live in and no one is running around claiming our property managers are a tech startup. I can’t believe he is getting a second bite at the apple with this con.
This guy makes Chamath look genuine
This guy along with Sam Bankman Fried, Elizabeth Holmes and Grant Cardone should launch a partnership.
From inside a jail 😂
You might aswell give them a billion dollars each and tell em happy birthday. That’s pretty much the same thing as investing in any of their “companies” (scams)
This guy is like "another sucker born every day"
what a joke cnbc
This man talks incredibly well and will have people invest in it. It’s just incredible how much the power of speaking has
This is when I wished YT didn’t hide the Dislikes.
421 likes 269 dislikes
I installed the add-on "Return UA-cam Dislike" for my browser
he’s speaking the same BS he used to when at WeWork lmfao
He did say, all the things we did in the past we will do again. That's probably the most honest thing he ever said. He will just repeat same scam and then CNBC will pretend they never knew about him or going to say, we thought he changed! Snakes sleep together, always remember that.
Again why are main stream media giving this guy air time? He has zero credibility.
He paid them. Just like Cathy Wood does.
Pump and dump artist
Not accurate though... Definitely agree on the pump part. But he never dumped, he actually was dumped. If anything, the guy was all in.
@@cherifouidir9869all in recklessly spending all the softbank money… lol
@@cherifouidir9869all in on wasting all his investors money and pocket it for himself
Furnished apartments, what an innovation *irony off*
Current share price of WeWork $0.12!
it's penny stocks now
When he said "we're vertically integrated" I really started to wonder if this was for real
Literally CNBC lost a little credibility today
He didn't go to jail the first time around?
He's one of God's chosen people... 😆🤣😂😅
No, Jewish privilege.
Why would he go to jail? Theranos founder went to jail because she was a fraud. Adam built a billion dollar company and a global brand. Just because the media is lazy in how they report things it doesn't mean it's true.
Why would he though? All the money he got, they were happy to give and bought into the vision. Everything was not just legal, but nothing was shady in the process. Unless you can educate us on why he should be in jail, for what crime. As far as business and money go, highly educated and greedy investors bet on this guy. Why are people so mad at a guy that raised private money, for a privately owned company that never had to be bailed out with public/taxpayers money? If anything, this guy is a walking lecture on how to get people onboard.
@@shrishri8898 What do you mean exactly? Can you provide more context?
People lost jobs, so he should go to prison is that what you mean? A bit of a stretch don’t you think?
I have no idea what your arguments are, or what it is exactly that you’ve read in regards to the matter you would like to expose. So curious to learn more about that position.
As far as what I know, WeWork was never really profitable and was built on outside money. So basically people worked and got paid, but never brought the level of results that was required for the investors. One could say that the people that worked at WeWork got more out of WeWork than the investors.
Granted, the working conditions were apparently questionable. Everybody had their level of responsibility though in that company, top to bottom.
"40% increase in NOI since we bought it" what the hell does that mean? It was vacant when you bought it
Once a company has a lot of hype and buzz and over inflated IPO price he has his stake % and just sells and the business flops ! But hey he is a billionaire ? 🗑️
Why promote this guy?!
Because he is a genius... or he just has some audacity 😂
To be fair, he could build the brand again on stronger foundation.
I'm curious to see what they got planned with Adreesen & Horrowitz
Great, this means we’ll get another documentary!
How do i add Michael Jackson eating popcorn meme on here?
No way y'all falling for that again 😂
WeCrashed protrayed him soo accurately.
No kidding! Total scam artist.
I live in this building. It was MUCH better as Society. Adam Neumann completely ruined this building. It is very sad to see.
THERE'S the CHUNKY NEWS. Why not INTERVIEW A FEW TENANTS and ask them about their BITSCH LORD LANDER??
non real estate people bash this. As an investor with $10m of my own properties (peanuts), this model is solid. If they are dropping churn and boosting NOI, values will rise. Plain & simple
HALLELUJAH, PRAISE THE SCAM! #AdamNeumann #WeWork
WeIsrael Every Single Time 😎👍
Bro talks like Chat Gpt.
thats is trillion dollar mouth :D
you are tearring me appart lisa
sounds like he's running an apartment building.
Just like on cigarettes, there should be a big warning label on this clip.
once a scammer, life time a scammer.
I worked for him. He is actually a very nice guy in person.
I hope investors learned from their mistakes too investing in this guy.
You would have to be insane to give this man money.
Fool me once, fool me twice, fool me 3 times?
“Flow” represents what the money is going to do: from suckers to El Grifter Maximo
Say what you like, but this guy is a master orator
Put him in jail
My name is J.Neumann and i approve this message.
Untrustworthy
Sounds like a regular real estate company. What am I missing?
Somehow it is, but with a weird twist. They have 2 "Flow" apartment buildings at the moment and you can move in as a renter. The "new" thing is that he will create a WeWork-like Community to make the tenants feel welcomed. Over time they can develop some sort of as-yet-undefined fractional ownership. Sounds to me like a mix of WeWork and TimeShare-Appartments.
That's a reasonable question and the answer is the same thing he tried to do at WeWork before they kicked him out. Vertically integrated services which is basically the same model as Las Vegas uses.
It's the same model my company is using which is why I understand what he's doing.
@@DigSamurai What is he doing? Why do I need what he is selling?
@@ErlendWilhelmsen I don't know you so I don't know that you're his Target Avatar but I wouldn't bet against him. He explained what he's doing. Offering a vertically integrated housing solution. Just cuz you don't understand it doesn't mean he's not right. Marc Andreessen is a smart man and he put $300 million in the company.
Definitely an updated take on WeWork, with an underlying pain point that targets a much much broader market than leasing office space.
And they can integrate a WeWork like brand under their umbrella if they want to later on.
Right now, focusing on providing such a service to the residential market to renters in the form of a lease with an option to buy, betting on high retention through community branding and services... it's interesting.
And they start owning the asset (better than the subleasing model they had with WeWork, which was always a guillotine on their head), with the top priority of running a solid NOI, as long as they keep that within a good range of their minimum target (hopefully they've set one that puts them in the money this time) they can hold the assets.
I agree though that there isn't anything revolutionizing yet. But Neumann has a solid track record in building a massive community around a quality product.
A&H have a solid experience in turning a community into a flow of cash. So we'll what they have in the tank
Flow sounds like a surfing company
😂😂😂😂😂😂 is this a joke?
Get Jared Leto and Anne Hathaway back for another season!
I bet their agents just hi fixed each other... another Netflix mini series coming up!
Really disappointed that MA & BH have a business model to maximize residential rents. Really triggers me good. YKW? FYG's!! (((6A-D
Please include a disclaimer in this video otherwise investors and the general public are being misled.
Can you imagine getting some sucker to give you billions of dollars only to lose it all, take a golden parachute, see the company go bankrupt from the sidelines, then take that golden parachute money and try to buy back the company at a discount. This guy has got some nerve.
Residents in his buildings= Non owners.......
Bro is relentless
A good role model if you wanna become rich.
Lol bro is a conman
Welcome Mr. Conman!!
He is a smooth talker, I bet with you it will be BK in 5 years,
Hes a good salesman, tells you what sounds good but not the accurate description of whats going on, if your investing in his venture you would be wise to go through the financial statements with a fine comb
Great salesman…Don’t walk..RUN FROM ANYTHING THIS GUY DOES !!!!!
Basically a landlord ?
Annoying when these startups hide the real business in the midst of fancy words.
He sounds like a real estate agent trying to work some kind of time-share scam.
Must be "real special" - so bummed MA & BH are involved.
Sell it all now. Top is in.
I've read about 50 comments. 100% consensus that we love love love our Tippy Top Lord Landers. The Rent Seeker with a plan to super-size and dominate the hood? Need more of those.
His logo gonna be pockets out called WEBROKE
Neumann (WeWork) got money for Flow (new venture) despite WeWork issues. Here's why:
Past success & innovation (investors see potential)
Flow's concept (residential co-living with amenities)
Growing flexible workspace market (demand still exists)
Flow's potential difference from WeWork (smaller, clearer path to profit)
VC risk tolerance (high-risk, high-reward investment)
I don't understand the whole "vertically" integrated/ technology company angle. So you hire you own property managers and created a CRUD app to record your roll-over leases? Maybe provide a booking app to your tenants for building amenties?Big deal. I bet that's how they are going to try to justify their markup over comparable real estate companies. Also, It's just a real estate company with low-cost of capital. Put some CAPEX in the suites and common areas and jack up rents. The moment you start seeing valuations above comparable real estate companys. it's time to run. Given his track on Wework seems like the same playbook
Incredible… looking forward to see who gives him money. Preparing popcorn 🍿
Fool me once, shame on you. Fool me twice, shame on me.
Same thing as WeWork. No difference at all. There is no technology. There is no community. WTF.
Is this real?
What, am I watching a commercial for a used car dealership?
Next they’re gonna have SBF on. CNBC will help him promote his new prison crypto coin
Can’t wait for this to turn into another documentary about scams.
Our building was called Society last Olas, now he renamed it to Flow, it’s a terrible name lol 😂
You live there?
Doing the same thing over and over again and expecting different results...Insanity.
Master thief gotta respect that
dude put all points in charisma on the character creation screen
The interior design of his "innovative tech real estate" buildings is freaking disgusting. There's nothing here that any other rental project doesn't have.
In another life this guy would be running a cafe or Barista. I don't think he is cut out for the white collar world. His voice sounds like sandpaper
WeCrashed season 2 coming soon to Apple TV
Seems like he's participating in a quiz
Interviewer: "Your mission statement: Revolutionise the residential experience as a vertically integrated real estate owner, operator and technology innnovater." - Don't other buildings have gyms, spa's, day-care, supermarkets perhaps and all the other services you might imagine? What kind of "tech" could be leveraged to revolutionise the residential experience? Smart camera's perhaps that capture where and how people interact and the goal would be to leverage that for better use of space? This guy makes it sound like he is building rockets that will take you to the moon.
Adam Neumann: "Not sure where you got that mission statement but it is more about ...Coming to you higher self between you & yourself, neighbour and the world." - Is this guy on shrooms or doe she just wish to build another cult.
Words matter! These kind of slogans are empty BS words!
Just leaving these comments here for within a couple of years when this guy is in jail.
Why aren't they treating a criminal like a criminal? Money speaks. Just the truth of this world.
Once again he is going to use the properties he acquired to lease them to his own company (at a higher than market value for sure). Good thing he learned from his mistakes
Can’t wait for wecrashed season 2 once this one fails
The man built a billion-dollar brand so all of you that haven't done that can shut the hell up. Just because the media paints him in a certain way it doesn't take away from that accomplishment.
WeWork tanked in value after Adam left because then it really was a real estate company.
WeFlow 😂
No red flags here 😂😂😂😂
The memory of the financial community is very short
What he's NOT telling you is the Debt he has to service on these buildings, and he is struggling to make payments due to the interest rate, Insurance rate hikes in FL, and property tax. His overall CapRate must be in low single digits.
FYI All rentals are up. It's not Neumann... it's no affordable housing available
Why are people giving this guy a 2nd chance. Who’s investing in this?!?!
Sounds like a dog with peanut stuck on the roof of his mouth
It’s sad CNBC is giving this grifter air time and attention.