emily: how many ex-wework employees did you speak to? spoke to dozens of people, not all of them are in the film, but in researching it and finding out whose stories would be best representative of the overall story, we spoke to dozens of people from all areas of the company from high up executives to mid-level folks to some people on the ground. emily: what was their main message? what did they think went so wrong? jed: i think what was interesting to me is a lot of people who join, especially as younger millennials or some people who were a little order -- older felt like there was something to the idea and their experiences were meaningful to them, which is what gives the story some heart because in the end, when things go south and adam is pushed out and ipo is canceled, i think they felt betrayed because they believed in something that was real. people have different reasons describing adams hubris -- adam's hubris or believing too much of his own hype. i think they also point to the pressures of the big investors who obviously expe

mid 60s today in partial son at the >>> we're going to look at the rise and fall of wework.ew hulu documentary looks what happened behind the scenes and rebecca jarvis has a preview. >> the next revolution is the we revolution. >> reporter: a company poised to change the future of how we work. >> i moved into a new office space called wework. it's beautiful. such agood environment. >> reporter: wework, the company that made co-working spaces trendy was led by eccentric adam neumann but his mission was loftier than redesigning the office. >> we're about to the change the way people work and live but change the world. >> reporter: so how did this cutting-edge company go from a $47 billion valuation to nearly worthless in just six weeks? in a new hulu documentary from director jed rothstein wework or the making and breaking of a $47 billion unicorn takes viewers inside the rise and fall of one of the most valuable start-ups of all time. where do you think things went wrong? >> adam began to expand his vision beyond their core business thinking that wework could solve some of th

will a spac work for wework? it's all ahead in rapid fire we show the chart and tell the story.oday's chart is slightly higher following beat on the top and bottom lines with march volumes back to 2019 levels but the company kept guidance unchanged and ceo says they're not out of the woods just yet >> this week marked a new global l high we're seeing other countries go back into lockdown this factor of the degree of lockdown in the rest of the year is a very telling factor as we adapt business and we'll either help us or hinder us as we go into the downhill. one can't draw a straight line without taking this into account. this is wealth. ♪ ♪ this is worth. that takes wealth. but this is worth. and that - that's actually worth more than you think. don't open that. wealth is important, and we can help you build it. but it's what you do with it, that makes life worth living. principal. for all it's worth. what happens when we welcome change? we can make emergency medicine possible at 40,000 feet. instead of burning our past for power, we can harness the energy of the tiny electron.

this is wework >> blank check >> this is wework. >> you know what's interesting, when we think about has gone through, right, from $40 billion valuation, and adam newman, about to go public, and maybe the worst single s-1 any of us have ever read >> any tequila in the s-1? was the tequila in the s-1. >> absurd. i forget it was. it was to near bankruptcy. softbank coming in then the pandemic. and now, their business model may actually, jim, be where you want to be in this environment because of the flexible workspace. because of the ability to refashion things >> you're so right >> right. >> perfect for hybrid. >> the company was almost invented for this moment you need an office for six months you want to be able to show up, companies can go rent space, and have no long-term lock-in, i would love this company if it were to come public, because it's perfect for what even the jamie dimons are saying. >> it is coming public that's it. it's public. >> this is one of the few spacs that i think is interesting. >> yes well, look, it's one of the few spraks that is actually trading well we h

as you said, some of the electric carmakers and wework and alternative public companies.been an alternative scenario as far as the public company story and size i think there are a number of companies that could potentially move out of the traditional ipo range. you have to have the right valuation and investor story and some of the other related financing to go along with it which is the issue with the slowdown this week. >> do you feel there is more scrutiny over the sponsors raising funds in the spacs do you feel investors given a year this spac boom is now more at least skeptical and maybe exercising due diligence on the types of s of money and manager putting the deals together >> you look at the prolific spac in the atmosphere and some of those which have been able to strike deals there may be thinning out of the other spacs. that is certainly an aspect. with anything, with this level of volume and level of capital raised, it will draw scrutiny and a closer look from the investor community i think that is happening as well. >> matt toole, thank you very much >> than

lisa: we have seen we work pop -- we have seen wework, paypal, tesla say they will accept bitcoin isorm of payment. how much is this an increasing trend versus a number of high-profile companies looking to increase reserves in bitcoin and using this sway to advertise ? eddie: i think that is a big part of it. elon musk is nothing if not a master marketer, and as good an engineer as he is, and i think that saying that you will accept bitcoin as payment attract a lot of attention. putting bitcoin on your books attract a lot of attention. whether there is upside, downside, who knows. tom: are the regulators going to come here on the spread that paypal and venmo identify? eddie: i don't know if the regulators will step in. i think the regulators will be happy to sit back, certainly on the spread, just to wait and see competition coming to this market because i think that ultimately is how we see spreads coming down. but regulation is coming for the crypto market, that is for sure. tom: eddie, what do you think about the super league? [laughter] eddie: you know, i think they should put it

start trading on the nyse next week, robinhood filed for an ipo on the nasdaq and both 23 and me and weworkblic via spacs. back over to you, carl >> all right julia, don't go too far away cnbc.com with a scoop that you might have noticed gop donors and leaders discussing plans to take on big tech during a retreat at president trump's mar-a-lago resort the reporter behind that story brian schwartz joins us this morning. great to have you. the phrase taking on corporate america and big tech is sort of loaded how much of this really involves investing in a social platform that would cater to conservatives? >> thanks for having me. i would say that, you know, this is really starting to boil up at this point, these conversations, amongst republican business leaders and donors, about investing into such a company. there's a lot of talk in conservative circles about, you know, conservatives feeling they've been censored on twitter and facebook at mar-a-lago between business leaders there was a discussion about investing into a new media platform, a social media platform, that could be a counter to

. >>> venmo, paypal and wework no stopping dogcoin.z >>> it is 4:20 the future of the industry and how investors can get high on profits as the second hour of "squawk box" begins right now. >>> good morning welcome to "squawk box" here i'm andrew ross sorkin take a look at u.s. equity futures. 20 points off the futures the company we have sales and guidance netflix reports its numbers after the closing bell netflix shares are up but 90% since disney launched the rival disney+ streaming service. we'll see what those numbers look like. today apple will be holding a product event which new ipads and imac computers will be introduced they may unveil something called air tags. >> earnings are just out the numbers on this. >> 2.37. >> low interest rates. partnerships catastrophic losses. record cat astrophic losses the numbers and they also announced. a 4% they're up .4 of a percent. >> it's a pleasure to see you. >> it's the currents quarter 4% it's above >> we only provide fiscal year guidance it's up 7% year to date and both our top line

jackie: i watched a documentary on wework over the weekend. adam newman fascinating character.form and amazon web services, this will give companies the ability to make faster decisions in factories, robotics and quality control. corning is verizon's first customer for the service. here in a first on fox interview, is verizon business ceo, tami erwin. good morning to you. good to be with you this morning. thanks for coming on the program. explain the announcement to us, explain how this is going to help consumers, help growth within this country for starters. >> yes, jackie, good morning and thank you for the opportunity to talk about what we're doing. verizon has led the world to 5g, mobility, fixed wireless access and public edge compute. today's announcement is our partnership with aws to introduce private mobile edge compute which gives companies like corning the ability to put edge compute in their factories, on their campuses, and this one is particularly exciting. it allows robotic capability in manufacturing environments for corning, something that will be on their camp

that goes on when you're together in the office environment >> bill, last week we had the ceo of weworkticipated he was thinking the fall was when people would be back. but it looks like they are already interested for late spring and early summer. but he also said that's because some may not want to get tied down in long-term leases you typically have to sign with commercial real estate the companies you are doing deals with now, they are forward looking companies, probably more long-term oriented are they being opportunistic in terms of prices they are paying and length of leases they are signing. >> there is no question they are being opportunistic. the market is -- prices are down significantly. and concessions are up good for tenants, bad for us but at least we're trying to make deals and i think there is, you know, coworking flex space wework type companies, industries are very important in the marketplace. over the last 12 months there have been more start-up companies over the last, you know, 12 months than there were since 2007 so we're seeing people start to get more involved

wework we get in response to the first [inaudible] increase in unaccompanied children coming across the southern port in 2014. with the increased numbers and detention there was also an outpouring of pro-bono interest and and immediate need for legal services. we quickly realized that there was a demand for specialized training and targeted information for all the legal staff at the growing nonprofit organizations and the pro-bono attorneys responding to the call for representation. as a sacred your law student almost 15 years ago, i traveled down to corpus christy to provide know your rights presentations and conduct legal screenings for children detained at an office of refugee resettlement facility. i was just learning of immigration law myself but why [inaudible] had the task of teaching 15 and 16-year-old boys from central america about the u.s. immigration system. it was an overwhelming task and made even more so because we knew that it might be the only opportunity they had to learn about their rights and responsibilities from a legal team. since then, i've dedicated my career to