WeWork To Acquire Social Networking Service Meetup
November 28, 2017 | WeWork, the urban coworking space company founded by Israeli-born Adam Neumann, will acquire the New York-based social networking platform Meetup, according to a report in Crunchbase. According to Crunchbase, Meetup CEO and co-founder Scott Heiferman told his team in an internal meeting that took place at Meetup headquarters. He mentioned an alleged $30 million figure, but no word yet on whether this is an acquisition price or a reference to an expected investment. WeWork confirmed the acquisition on Tuesday, November 28, but said Meetup would remain a standalone company for now, according to Mashable. Meetup is a social networking service allowing users to organize meetings offline related to shared interests and passions. Founded in New York City in 2010, WeWork is expanding rapidly with 150,000 members across 171 locations in 18 countries. The startup has invested in various projects and is worth at least $10 billion.