The Cult of We
Audiobook & Ebook

The Cult of We by Eliot Brown | Audiobook Review

By Eliot Brown

Narrated by Thérèse Plummer

🎧 13 hours and 14 minutes 📘 Random House Audio 📅 July 20, 2021 🌐 English

About This Audiobook

WALL STREET JOURNAL BESTSELLER A FINANCIAL TIMES, FORTUNE, AND NPR BEST BOOK OF THE YEAR “The riveting, definitive account of WeWork, one of the wildest business stories of our time.” - Matt Levine, Money Stuff columnist, Bloomberg Opinion

The definitive story of the rise and fall of WeWork (also depicted in the upcoming Apple TV+ series WeCrashed, starring Jared Leto and Anne Hathaway), by the real-life journalists whose Wall Street Journal reporting rocked the company and exposed a financial system drunk on the elixir of Silicon Valley innovation.

LONGLISTED FOR THE FINANCIAL TIMES AND MCKINSEY BUSINESS BOOK OF THE YEAR AWARD

WeWork would be worth $10 trillion, more than any other company in the world. It wasn’t just an office space provider. It was a tech company - an AI startup, even. Its WeGrow schools and WeLive residences would revolutionize education and housing. One day, mused founder Adam Neumann, a Middle East peace accord would be signed in a WeWork. The company might help colonize Mars. And Neumann would become the world’s first trillionaire.

This was the vision of Neumann and his primary cheerleader, SoftBank’s Masayoshi Son. In hindsight, their ambition for the company, whose primary business was subletting desks in slickly designed offices, seems like madness. Why did so many intelligent people - from venture capitalists to Wall Street elite - fall for the hype? And how did WeWork go so wrong?

In little more than a decade, Neumann transformed himself from a struggling baby clothes salesman into the charismatic, hard-partying CEO of a company worth $47 billion - on paper. With his long hair and feel-good mantras, the six-foot-five Israeli transplant looked the part of a messianic truth teller. Investors swooned, and billions poured in.

Neumann dined with the CEOs of JPMorgan and Goldman Sachs, entertaining a parade of power brokers desperate to get a slice of what he was selling: the country’s most valuable startup, a once-in-a-lifetime opportunity and a generation-defining moment.

Soon, however, WeWork was burning through cash faster than Neumann could bring it in. From his private jet, sometimes clouded with marijuana smoke, he scoured the globe for more capital. Then, as WeWork readied a Hail Mary IPO, it all fell apart. Nearly $40 billion of value vaporized in one of corporate America’s most spectacular meltdowns.

Peppered with eye-popping, never-before-reported details, The Cult of We is the gripping story of careless and often absurd people - and the financial system they have made.

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Plummer's Dry Precision Matches the WSJ Reporting

Reporting on the collapse of WeWork while the wreckage is still warm is one kind of journalism. Writing the definitive account of how a desk-rental company briefly convinced the world it was worth more than JPMorgan is something else entirely, and The Cult of We manages to be both at once. Thérèse Plummer narrates this audiobook with the dry precision the material calls for, giving Wall Street Journal reporters Eliot Brown and Maureen Farrell's account of Adam Neumann's rise and catastrophic fall the pace of a financial thriller and the rigor of a documented investigation. At over thirteen hours, it is a substantial commitment, but the story it reconstructs is one of the stranger corporate implosions in recent business history.

Brown and Farrell were the journalists whose reporting at the WSJ actually rocked WeWork while it was still operational, which gives them an unusual vantage point. They are not reconstructing events from a remove; they were inside the story as it happened, and the book benefits from that proximity in the specificity of its detail and the confidence of its sourcing. Plummer's narration conveys that authority without letting it calcify into self-congratulation.

SoftBank's Vision Fund Became WeWork's Oxygen Supply

The central question the book spends its runtime answering is not simply how Neumann built WeWork to a $47 billion paper valuation but why so many sophisticated people believed in it. Brown and Farrell are particularly good on SoftBank's Masayoshi Son, whose Vision Fund became WeWork's primary oxygen supply, and on the specific cultural moment in Silicon Valley when 'tech company' became a magic phrase that could transform any business model into something investors were willing to fund at extraordinary multiples. The mechanism by which Neumann's six-foot-five charisma and quasi-messianic language turned skeptical bankers into true believers is the book's most valuable contribution to the business literature of the period.

Plummer's performance handles both the analytical and narrative registers of the book without losing the thread. The audiobook moves between boardroom conversations, investor meetings, and scenes from Neumann's private jet with marijuana-clouded air and a revolving cast of power brokers, and back to the structural financial analysis that explains why the music kept playing so long. Plummer maintains consistent tone through all of it, which is the kind of invisible craft that makes a thirteen-hour production feel shorter than it is.

Reviewers without finance backgrounds describe the book as accessible, with 'key financial concepts and cons' explained without condescension. That accessibility is partly Plummer's contribution: her pacing gives listeners time to absorb financial mechanism before the narrative accelerates again.

The book's financial journalism lineage is visible in how it handles sourcing. Brown and Farrell name their sources specifically where other authors might rely on anonymous informants or composite characters, which gives The Cult of We a documentary solidity that most business narrative nonfiction lacks. That specific sourcing means the details that seem most outrageous, Neumann's private jet, the marijuana, the colonize-Mars ambition, the first-trillionaire self-description, are documented rather than reconstructed. Plummer's narration treats these details with the same matter-of-fact authority as the financial data, which is the correct register: incredulity served better by understatement than by editorial emphasis.

Plummer Resists Mockery Even in Absurdist Scenes

The book's WSJ origins mean it operates within a specific conception of what the WeWork story means: primarily a story of investor credulity, governance failure, and the excesses of a particular era of Silicon Valley valuation culture. The human cost to WeWork employees, many of whom received equity that became worthless and faced sudden layoffs, receives less sustained attention than the investor dynamics. Listeners interested in the labor and workplace dimension of the collapse will find it present but not centered.

The book was published in 2021, before WeCrashed, the Apple TV+ dramatization, which changed how many people understand the story. Listeners who have seen the dramatization first may find some of the book's revelations less surprising than they would have been on original publication, but the documented detail and sourced specificity of the journalistic account adds texture that dramatization necessarily compresses.

Plummer's approach to the absurdist passages in the book is one of the quieter performance achievements of this production. When the details are objectively almost farcical, specifically Neumann's speculation that a WeWork could host a Middle East peace accord, his private jet with marijuana smoke, his ambition to become the world's first trillionaire, Plummer maintains the same dry register she brings to the financial analysis. She does not tip into mockery, which would undercut the book's argument that these delusions were taken seriously by serious people. The comedy in The Cult of We comes from the facts themselves rather than from editorial emphasis, and Plummer understands that distinction.

Theranos and Enron Readers Will Recognize the Pattern

Business and finance listeners who want the sourced, documented account of how WeWork became what it did will find the audiobook the most rigorous available treatment of the subject. Listeners fascinated by the psychology of charismatic leadership and how it operates on sophisticated institutional audiences will find Brown and Farrell's access to the actual decision-makers particularly illuminating. Readers of comparable business collapse narratives, including accounts of Theranos, Enron, or the 2008 financial crisis, will find The Cult of We occupies that same territory. Those who watched WeCrashed and want the facts behind the dramatization will find the audiobook a useful complement. Listeners who need practical investment guidance or current market analysis should look elsewhere; this is history and journalism, not prescription.

The Short Version

  • Performance: Thérèse Plummer narrates with dry authority, balancing the financial analysis and the almost satirical excesses of Neumann's court without letting either register overwhelm the other.
  • What it covers: startup excess and investor credulity, charismatic leadership and institutional failure, Silicon Valley valuation culture
  • Feel: Investigative and drily incredulous, with the dark comedy of watching smart people believe impossible things
  • Our call: The definitive journalistic account of the WeWork collapse, narrated with the right register of disbelief, and essential listening for anyone who watched the valuation era in real time.

Questions Listeners Ask

Do I need a finance background to follow this audiobook?

No specialist knowledge required. Reviewers without finance backgrounds consistently describe the book as accessible and the financial concepts as well-explained. Brown and Farrell write for a general business-curious audience, and Plummer's pacing gives listeners time to absorb mechanism before the narrative accelerates.

How does the audiobook differ from the WeCrashed dramatization?

The book is the sourced journalistic account with documented detail, named sources, and specific financial mechanisms that dramatization necessarily compresses or fictionalizes for narrative purposes. Listeners who saw WeCrashed first will find the audiobook adds specificity and documented texture to events they know in outline.

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What Listeners Are Saying

★★★★★

Riveting read about an entire business era!

What a great read! The authors did a fantastic job of not only piecing together and telling the story of the rise and fall of WeWork but also explaining an entire business era. Not being in tech or business, I found the book riveting and all the business jargon well...

- penec
★★★★☆

Highly recommended

I’m about 1/2 through and like it. The authors are through in presenting the facts of the matter while their style and wit make it an easy read. Also, it’s a sturdy well made book with decent sized print.

- Christopher D. Miller
★★★★★

Fast, thought-provoking read with incredible writing and easy to understand financial concepts

The authors did an incredible job telling a compelling story with constant reinforcement of the stories they gathered from actual people who lived through this epic tale. Given their background in financial reporting, the authors also did a fantastic job of explaining key financial concepts and consequences so that it's...

- dch526
★★★★★

A good, enjoyable read to understand people, greed, VCs and even Donald Trump

First of all, this was a very enjoyable weekend read - well written, fascinating, and even a page-turner, which I was not expecting in a 'business' book. As someone who has received Venture Capital funding for my business, and an observer of humans, it unfortunatly confirmed my opionions about the...

- Steven R Schiller
★★★★★

Spellbinding and sobering

The Cult of We is a rollicking cautionary tale about one of the most stunning downfalls in recent corporate history. Much has been written about the WeWork and its vainglorious co-founder, but I found the book to be the most detail-rich and riveting account of the company's rise and crash...

- JT

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Alexandra Reed

Written by Alexandra Reed

Founder & Literary Critic