In The Loop: RocketSpace, Kr Space, And WeWork

Blumhouse and Universal are reportedly working on a film that will document the rise and fall of WeWork and Adam Neumann

RocketSpace Leaves the UK

Crain’s New York reported this week that San Francisco-based coworking space operator, RocketSpace, “is pulling out of its U.K. shared office business and will shut down the subsidiary by April.” RocketSpace expanded into the UK in 2017 through a partnership with Royal Bank of Scotland Group Plc. According to reports, the company will be focusing on its services for startups once the UK business closes. 


Kr Space Closes Last Location in Hong Kong

Tech in Asia reported this week that Chinese coworking space operator, Kr Space, is closing its last coworking location in Hong Kong, which will effectively end its operations in the city. According to the report, the Hong Kong coworking locations “failed to meet its targets of freeing up cash flow and generating profit by the end of 2020.” However, the company still plans to operate in the city in the future through partnerships with landlords. 

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WeWork and Adam Neumann’s Woes to Hit the Big Screen

Variety reported earlier this week that “the rise and crash of WeWork and its founder Adam Neumann is getting the big-screen treatment from Blumhouse and Universal.” Screenwriter Charles Randolph is reportedly on board to write and produce the film, which will be adapted from Katrina Brooker’s reporting and upcoming book–which focuses on the “intertwined lives and ambitions of Neumann and SoftBank CEO Masayoshi Son.”

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