WeWork has failed. Like a lot of other tech startups, it left damage in its wake
Tech companies like WeWork enter the market with big promises to disrupt and make life better, cooler or easier. At first they're willing to lose millions of dollars a month but they eventually start to behave more and more like the incumbents. But by then, the existing industry has been changed as well.
![WeWork has failed. Like a lot of other tech startups, it left damage in its wake](https://i.cbc.ca/1.5246675.1700256139!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/wework-ipo.jpg)
![In this Jan. 16, 2018 file photo, Adam Neumann, center, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq in New York. Office space-sharing company WeWork is getting ready to go public, adding to a growing list of tech businesses making such a move this year. WeWork, which recently renamed itself The We Co., said in a regulatory filing Wednesday, Aug. 14, 2019 that it now has 527,000 memberships across 29 countries. Adam Neumann, center, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq](https://i.cbc.ca/1.5246675.1700256139!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/wework-ipo.jpg)
Tech companies like WeWork enter the market with big promises to disrupt and make life better, cooler or easier. At first they're willing to lose millions of dollars a month but they eventually start to behave more and more like the incumbents. But by then, the existing industry has been changed as well.