WeWork's current valuation, based on its market capitalization as of December 2023, is $21 million.
This figure represents a significant shift from its past valuations, highlighting a dramatic journey for the co-working space provider.
WeWork's Valuation Journey
Once a highly valued private company, WeWork experienced substantial fluctuations in its market perception and worth. At its peak in January 2019, the company achieved a private valuation of approximately $47 billion. However, its reported public valuation later saw a significant reduction to around $10 billion, which was less than the $12.8 billion in capital it had raised since 2010. By December 2023, WeWork's market capitalization had further declined to $21 million.
This sharp decline reflects various challenges the company has encountered, including operational restructuring, leadership changes, and a shifting market landscape.
Here's a summary of WeWork's valuations over time:
| Period | Valuation | Context |
|---|---|---|
| January 2019 | Approximately $47 billion | Peak private valuation |
| Post-IPO plans | Around $10 billion | Public valuation at that time |
| December 2023 | $21 million | Current market capitalization |
Market capitalization, often simply called "market cap," is a key metric for publicly traded companies. It is calculated by multiplying the total number of outstanding shares by the current share price. This value reflects the total worth of a company as determined by the stock market. WeWork's valuation trajectory serves as a notable example of how quickly market sentiment and business performance can impact a company's perceived value.
For additional information on WeWork's history and business model, you can explore resources such as WeWork's Wikipedia page.
