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
    • 4.5, 641 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

4.5 out of 5
641 Ratings

641 Ratings

itsbritney96 ,

Well done

Really enjoyed this podcast. I think they did a good job of looking at the situation from various perspectives and weaving a clear narrative. The reviews that call the employees whining are missing the point. This podcast is called foundering because it is about the founder, and showing the stark difference between that founder and his employees is an important piece of the story. Overall a good listen.

KarsenCrow ,

Listen with an open mind and enjoy

The sound quality and story telling in this podcast is second to none. Many rate the employees as “whining” when they complain about excessively low pay/odd job requirements. The point this podcast makes is comparing these requirements—some very serious with the CEO admitting to underpaying employees—with the overarching goal of WeWork to the outside world and within the company’s own culture. To say that the story of these young employees takes away from the podcast is a gross misunderstanding of a pivotal moment in technology and a failure to see the forest from the trees.

antonio081014 ,

Wework serials are fantastic

Really enjoyed the show about wework.
Can’t wait for the next one.

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