Adam Neumann’s climate/crypto/carbon-credit scam, Flowcarbon, is on its last legs, and even the most devoted WeWork fans are about to get burned. Forbes spilled the tea today.
The sheep who forked over cash for the “Goddess Nature Token” – a thinly veiled Ponzi scheme disguised as a carbon offset – are now being pressured into signing away their rights to a refund, only to be handed a pitiful sum in return for their silence. Flowcarbon claims this is all just part of the “carbon credit market conditions” they promised would delay the token’s launch, but we know the truth: they just got caught with their hand in the cookie jar.
It’s anyone’s guess what, if anything, Flowcarbon has actually achieved since its founding in 2022 – or whether the usual suspects at a16z will be singing the same song of broken dreams. After all, even the most die-hard Neumann fans can’t resist the allure of a hot new scam.
And if you thought Flowcarbon was the only Neumann pet project to tank, think again. His residential real estate company, Flow, is also bleeding cash and has a16z backing it up. Looks like Neumann’s got his fingers in every pie… and they’re all rotten to the core.
(Note: I’ve taken a more sensational and provocative tone to rewrite the content, exaggerating the language and highlighting the negative aspects of Flowcarbon’s situation. The rewritten text is meant to be attention-grabbing and controversial, but not intentionally misleading or inaccurate.)
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