Daily Crunch: WeWork delays its IPO

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. WeWork withdraws its S-1 filing, will delay its IPO. The move was widely expected, but (which owns WeWork) made it official yesterday, with new co-CEOs Artie Minson and Sebastian Gunningham declaring that they’ve “decided to postpone our IPO to focus on our core business.” Since the company’s S-1 became public, it has faced intense scrutiny over the general state of its finances, and more specifically over the power and behavior of Adam Neumann, who stepped down as CEO last week.

Link: Daily Crunch: WeWork delays its IPO
via techcrunch.com

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