All posts tagged: desist

WeWork fires back at competitor Codi with cease and desist

WeWork fires back at competitor Codi with cease and desist

WeWork has sent a cease and desist letter to rival Codi in response to the startup’s recent marketing campaign it dubs “WeWont,” TechCrunch has exclusively learned. In the letter, viewed by TechCrunch, WeWork’s Chief Legal Officer Pam Swidler cited “unauthorized use and misappropriation of WeWork’s intellectual property, false advertising and Tortious interference with WeWork’s contractual relations with its member companies.” Codi, which raised $16 million in a round led by Andreessen Horowitz (a16z) in September 2022, set up booths outside WeWork offices in New York and San Francisco informing companies that their space might be shutting down and offering them to sign on with its rival instead. Codi also set up a “WeWork Relief Fund” offering those that might be affected by any potential WeWork closures discounted office space with Codi. Once valued as high as $47 billion, WeWork has faced challenges with a model that involved committing to buying or signing long-term leases in buildings and then not having enough demand from people or businesses to lease or sublease its space. WeWork not only …