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Former WeWork CEO Adam Neumann is currently the subject of an Apple TV+ drama that depicts how he led that company into "an implosion unlike any other in the history of start-ups" (as The New York Times described it).
So how's his new venture, Flowcarbon, doing? Well, the climate change-focused crypto start-up has put its staple product on indefinite hold, but for macro reasons beyond his control. Call it a step-up?
Not a Money-Making Machine
Flowcarbon, which was co-founded by Neumann but stresses he is not involved in daily operations, is part of a small group of companies issuing cryptocurrencies backed by carbon credits. Yep, that's one loosely regulated and controversial financial instrument backed by another.
Carbon credits represent a metric ton of carbon dioxide removed or prevented from entering the...
Read Full Story:
https://www.nasdaq.com/articles/adam-neumanns-new-carbon-credit-crypto-startu...
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