The mantra of “do what you love” echoes throughout everything that WeWork is known for, especially when it involves investments into other companies.
While WeWork has recently rebranded as The We Company in an effort to shift away from the coworking industry, investors are concerned about the company’s focus and investing control.
Adam Neumann, WeWork CEO, is a prime example of this. His hobbies have led WeWork to invest into a variety of companies including $13.8 million into Wavegarden, a wave pool company, and $32 million into big-wave surfer Laird Hamilton’s superfoods company, Laird Superfood.
Now, Neumann has been renting out office space that he partially owns to WeWork, which some say could create a conflict of interest in case of a rental hikes, which he could benefit from.
