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WeWork’s Toxic Legacy Strikes Again: Flowcarbon, Adam Neumann’s Climate Crypto Scam, Appears to be Gasping for Air
Get ready for another epic fail from the visionary (ahem) founder of WeWork, Adam Neumann. His latest brainchild, Flowcarbon, the "revolutionary" climate/crypto/carbon-credit startup, is reportedly imploding in a spectacular fashion. According to Forbes, buyers of the "Goddess Nature Token" are being offered refunds, but only if they sign a confidentiality agreement and release all claims against Flowcarbon. Because, you know, transparency is overrated.
But what’s really stunning is that Flowcarbon hasn’t achieved a single tangible thing since its inception in 2022. Not a single carbon credit has been saved, not a single blockchain has been "disrupted," and not a single token has been successfully launched. And yet, the company is blaming "carbon credit market conditions" for the operational delay. How convenient.
It’s also unclear whether a16z, the VC firm that backed Flowcarbon, will be getting a refund as well. But let’s be real, they’re probably just thrilled to be rid of this toxic asset. After all, they’re not the ones who will have to answer to the SEC or the IRS for Flowcarbon’s shady dealings.
Stay tuned for more updates on this trainwreck.