147 episodes

Foundering is a new serialized podcast from the journalists at Bloomberg Technology. Each season, Foundering brings you inside a different high-stakes drama from Silicon Valley, where its companies are wielding unprecedented capital and power. 

Foundering Bloomberg

    • Tech News
    • 4.8, 63 Ratings

Foundering is a new serialized podcast from the journalists at Bloomberg Technology. Each season, Foundering brings you inside a different high-stakes drama from Silicon Valley, where its companies are wielding unprecedented capital and power. 

    In the End, There Was Adam

    In the End, There Was Adam

    The WeWork Story, Part 7:
    After WeWork's failed IPO, thousands of employees were laid off and the company teetered on the brink of collapse. Meanwhile, ousted CEO Adam Neumann flew to Israel with a generous exit package in hand. In this final episode of Foundering, reporter Ellen Huet surveys the wreckage of WeWork. Adam's executives and employees were asking themselves: Did Adam ever really believe in the values he preached? And what lessons will the world draw from WeWork's crash?

    • 43 min
    IPO -- Just Kidding

    IPO -- Just Kidding

    The WeWork Story, Part 6:
    WeWork had spent nine years chasing lightning-fast growth, burning billions of dollars, and expanding around the world. In 2019, the company reached a turning point: WeWork needed even more cash, and Adam Neumann decided to take his company public with a massive IPO. But suddenly, in the span of a few weeks, his plan crashed spectacularly. The almost-IPO flopped and WeWork became a laughingstock. In this episode, reporter Ellen Huet asks: How did the company's fortune flip so fast, and why didn't they see it coming?

    • 43 min
    Introducing: Blood River, A New Podcast From Bloomberg

    Introducing: Blood River, A New Podcast From Bloomberg

    The killers of Berta Caceres had every reason to believe they’d get away with murder. More than 100 other environmental activists in Honduras had been killed in the previous five years, yet almost no one had been punished for the crimes. Bloomberg’s Blood River follows a four-year quest to find her killers – a twisting trail that leads into the country’s circles of power.
    Blood River premieres on July 27.

    • 4 min
    The Universe Does Not Allow Waste

    The Universe Does Not Allow Waste

    The WeWork Story, Part 5:
    Adam Neumann always had wild ambitions. By 2017, he had found an even wilder investor who wanted to fund those ambitions: SoftBank CEO Masayoshi Son. Adam spent his billions from SoftBank on competitive tactics, seemingly random investments, and even an elementary school. In this episode, reporter Ellen Huet explores why this free-wheeling spending was so odd: Adam knew this was a bad idea. In exclusive recordings from internal meetings in 2016, he warned his employees that they had to cut back on WeWork's "spending culture." But once the money poured in, it appeared like he forgot his own advice.

    • 37 min
    WeWork Sued Her the Same Day

    WeWork Sued Her the Same Day

    The WeWork Story, Part 4:
    What happened at WeWork when things got ugly between the company and its employees? As WeWork expanded, a handful of employees wanted to speak out and interrupt the public image that WeWork was presenting to the world. In this episode, reporter Ellen Huet follows the stories of two former workers, some of the first insiders to speak up about what they saw on the job. 

    • 33 min
    Is Naked Pete Coming to Summer Camp?

    Is Naked Pete Coming to Summer Camp?

    The WeWork Story, Part 3:
    To its thousands of employees, WeWork was much more than a job. Founder Adam Neumann leveraged his employees’ emotions to motivate them. In exclusive tapes obtained by Bloomberg, Adam lectured employees that working at WeWork was special: “You do not get a chance like this again.”

    In this episode, a former employee describes the tumultuous experience of working inside WeWork’s headquarters, from their raucous parties to the late night meetings.

    • 35 min

Customer Reviews

4.8 out of 5
63 Ratings

63 Ratings

Mikey Ez ,

Gripping!

I wasn’t an avid follower of every news item on We Work, but this podcast series is phenomenal. I have listened to the first six episodes (which is all that have been published at the time of my review) and I’m hooked. I am counting down the days until the next episode is released. It’s a fascinating account of a man who argued that he would avoid the pitfalls of others but then went on the same path of destruction. All credit to Ellen Huet and all at Bloomberg for this smashing series.

Silverbwoy ,

Good not great

Interesting podcast overall with good in-depth look into Neuman. However at times lacked some self awareness: eg the focus on all the perks of WeWork offices seems to ignore the fact that was largely introduced by Bloomberg with their free canteens and *flavored water*. Similarly the critique of founders and all their flaws without referencing Bloomberg seemed odd.

@jojowiththeflow ,

“Perhaps, you know, this emperor has no clothes on”

I’ve not listened to the old ‘Decrypted’ episodes yet so am basing this review on the first four episodes of ‘Foundering’, about WeWork, and they’ve been superb - proper depth in terms of of story/research, good narration and quality production make for a flawless, captivating podcast so far; one that has me excited any time a new episode pops up in my feed.

Moreover, this is another story that must be told and must be learned from. It reminds me of the rise-and-fall story of Theranos, in that both had people who pretty early on tried to alert the world at large that all was not well and that, possibly, the emperor had no clothes on... people who personally had a lot to lose by speaking up... and lost — dismissed as detractors of the cult. There’s a lot to be said about this and a lot to be learned from.

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