Whether you’re looking for one of the year’s biggest spectacles or one of the year’s shortest, celebrated films, all of it and more is streaming this week.
New Release: ‘WeWork: Or the Making and Breaking of a $47 Billion Unicorn’
Jed Rothstein said that when he started working on the documentary “WeWork: Or the Making and Breaking of a $47 Billion Unicorn,” he thought it was going to be a pure follow-the-money story along the lines of the tale he told in his documentary “The China Hustle.” But as he explored the story of the share-space company whose $47 billion valuation plummeted ahead of a planned IPO that ultimately failed, he found something much different.
“As I researched it, I realized there are definitely financially interesting questions about the rapid rise and fall of WeWork, but it wasn’t really a fraud story, per se,” says the director of the documentary, out Friday. “It was more of a story of collective delusion and hubris and a lot of very smart people wanting something to be, maybe greater and more than it was.”
One example of that hubris, according to the documentary, comes over a cup of coffee. A Forbes editor, Alex Konrad, recounts the time he met with the company’s charismatic co-founder, Adam Neumann. Mr. Neumann ordered a latte at WeWork’s headquarters but was given a cappuccino instead because, as Mr. Konrad is informed, that’s what Mr. Neumann called them.