In a webcast to employees Tuesday, co-founder and CEO Adam Neumann said he felt he knew how to run a private firm, but had received feedback on how he should lead one that’s soon to be public. He did not take questions after the presentation. The announcement of the delay had come the previous evening, amid investor doubts over the company’s valuation and concerns around its corporate governance. WeWork’s bond prices fell on the news, with the yield on its US$702 million of junk debt rising to 8.9 per cent; when it first borrowed the funds, its yield was 7.88 per cent. (Financial Times, Wall Street Journal)

Talking point: This is the latest in a series of struggles for the shared-workspace provider, whose valuation has plummeted this year from US$47 billion to US$20 billion. But the delay is particularly significant because We had been planning to raise at least US$3 billion from it, which would have triggered another US$6 billion in loans, funds crucial for a company that’s been losing even more money as a result of its focus on global expansion.