Meetup Continues
One of The Floating Agora's most successful examples
WeWork has quietly imploded - its latest retreat is SoftBank’s reneging on a promised capital investment - and it includes the unrolling of is Meetup subsidiary.
Meetup was a very popular service, which started in the early post Dot-com 1.0 years for creating events and many were sad to see it sucked into WeWork in 2017 but that’s in the past.
Meetup has a new parent and will continue to serve its 49 million members.
The Floating Agora is personified in gatherings and that includes Meetup - which for the moment will likely mean online only.
WeWork sells off social network Meetup to AlleyCorp and other investors
TechCrunch
Meetup, the social networking platform designed to connect people in person, is being spun out from shared office space provider WeWork, the company confirmed on Monday.
The site is being sold to AlleyCorp and other private investors for an undisclosed sum, but one that’s reportedly far less than the $156 million acquisition price WeWork paid for the social network back in 2017.
Meetup, which has operated for two-and-a-half years as a WeWork subsidiary, will divest itself from its parent company and continue to operate, it says. The site today serves 49 million registered members and more than 230,000 organizers who create an average of 15,000 in-person events per day.