WeWork Investor Presentation Deck

Our evolution Focus Product Member experience Strategy Leadership Business model Pre-2017 Focus on core wework Small & mid-sized businesses Partially focused Disciplined focus on profitable market share expansion Founder-led Centralized 2017-Q3'19 Non-core, early-stage ventures (we Small & mid-sized businesses and Enterprise Distracted Grow business commitments prior to funding commitments Founder-led Decentralized Going Forward Focus on core wework Enterprise Focused Disciplined focus on profitable market share expansion Proven executives in membership- focused, subscription-based businesses Centralized 6

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