Despite enabling WeWork to reach a peak valuation of $47 billion, Neumann was forced to leave the firm in 2019 amid worries about its profitability and "his eccentric behavior." The firm was later acquired by Japanese investment bank Softbank (OTCMKTS: SFTBY ), but struggled mightily in recent years amid the work-from-home phenomenon. As a result, it declared bankruptcy in November 2023.