Social media platform Meetup has announced that the company has been acquired, divesting from The We Company and will operate independently after two-and-a-half years as a subsidiary.
The acquisition was led by Kevin Ryanโs AlleyCorp, who will join as Chairman of the board, while David Siegel will stay on as CEO.
WeWork will continue to service Meetupโs 49 million members and 230,000 organizers, who produce an average of 15,000 in-person events daily.
โWe thank David and the entire Meetup team for their many contributions to WeWork over the past two and a half years,โ said Rohit Dave, Head of Corporate Development for WeWork. โOur decision to divest Meetup aligns with WeWorkโs renewed focus on the companyโs core workspace business and marks a positive step forward for both WeWork and Meetup.โ
