WeWork Said to Face SEC Probe Into Possible Rule Violations

The transcript discusses the SEC's preliminary inquiry into WeWork, highlighting the involvement of Andrew Ceresney, a former head of the SEC's enforcement division. It explores WeWork's history of lawsuits, including discrimination claims against Adam Neumann. The discussion emphasizes that private companies, like Theranos, can still face SEC penalties. The transcript also analyzes WeWork's financial disclosures, particularly the controversial 'community adjusted EBITDA' metric, which drew SEC attention.

What implications does the SEC inquiry have for WeWork's future?

Evaluate responses using AI:

OFF

What was the controversial metric used by WeWork in its financial documents?

Evaluate responses using AI:

OFF