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Startups

WeWork, Uber workers blow off steam on Blind app

SoftBank-backed venture offers platform to vent about salaries and scandals

Employees embrace outside WeWork corporate headquarters in Manhattan on Nov. 21. Blind has seen an influx of users from the troubled co-working space startup.   © Reuters

PALO ALTO, U.S. -- WeWork's failed initial public offering was a nightmare for SoftBank Group, which invested nearly $10 billion in the co-working space provider that went from a valuation of $47 billion to, according to some, nearly zero. But WeWork's woes turned out to be good news for another SoftBank-backed venture: TeamBlind.

As rumors swirled in October that the New York-based office-sharing company's proposed IPO was in trouble, WeWork employees flocked to Blind, a social networking app created by the South Korean startup specifically for workers to share information about their company and working conditions anonymously.

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