• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Dossier.org

Market Intelligence

  • Sponsored Post
    • Make a Contribution
  • Market Dossier
  • Domain Dossier
  • About
  • Contact

Meetup will divest from WeWork

March 30, 2020 By admin Leave a Comment

Meetup, one of the world’s first social media platforms and the only one dedicated to groups that meet in-person or online during times of crisis, today announced that the company has been acquired. The consortium of investors is led by Kevin Ryan’s AlleyCorp and includes mission-driven private funds and accomplished technology executives. Ryan joins as Chairman of the board. David Siegel will stay on as CEO of Meetup, board member, and he will continue to lead the company.

Meetup will divest from The We Company (“WeWork”) and operate independently after two-and-a-half years as a subsidiary. The company will continue to service its growing 49 million members and over 230,000 organizers, who collectively produce an average of 15,000 in-person events daily. Meetup’s enterprise business solutions will also continue under Meetup Pro, a community building and engagement platform with more than 1,500 clients including Adobe, Google, Microsoft Azure, IBM, Twitter, and Looker and hundreds of entrepreneurs.

“This acquisition provides the long-term capital to ensure that Meetup focuses on what is most important: the organizers who make Meetup successful, our passionate members, and our dedicated employees,” said David Siegel, CEO of Meetup. “We are excited to continue on our mission of empowering personal growth through real human connections, and I’m happy to have brought in a team of smart investors who share and support the same values.”

“We are confident in the enormous potential of the business and Meetup’s mission of bringing people together in substantive ways,” said Kevin Ryan of AlleyCorp, who is the lead investor and Chairman of the Board. “We are very excited to collectively serve and grow Meetup’s extensive and incredibly engaged user base.”

A predecessor to Facebook, YouTube, Instagram, TikTok, and Twitter, Meetup shares a similar global member reach, throughout 193 countries. Contrastingly, Meetup’s business is built around using online social media to help people be more social offline — without using its users’ private data for the purpose of targeted advertising. In 2019, Meetup drove 30 million hours of real-life human connection and experienced a 40% growth in its enterprise business. In 2020, the company updated its policy to allow organizers to host events online during the Coronavirus pandemic.

Meetup was founded in 2002 as a platform for finding and building local communities. While the company and its user base have significantly expanded and evolved since then, the mission has remained the same. Meetup will always foster human connection. This acquisition will propel Meetup to continue exploring and growing innovative new ways of bringing communities together.

“We thank David and the entire Meetup team for their many contributions to WeWork over the past two and a half years,” said Rohit Dave, Head of Corporate Development, WeWork. “Our decision to divest Meetup aligns with WeWork’s renewed focus on the company’s core workspace business and marks a positive step forward for both WeWork and Meetup.”

Source: Meetup

Related

Filed Under: Briefing Tagged With: Meetup, WeWork

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Analysis

Thought Industries-Sponsored Research Finds Customer Education Delivers Performance Improvements Across the Customer Lifecycle
Kioxia Accelerates Analysis of Large-Volume Data in Life Science Research Outcomes
Innovation in Fashion to Transform the Fashion Industry at $20 Billion to $30 Billion Annually
Amid Economic Uncertainty, Businesses Embrace Change, Strengthen Resolve, JPMorgan Chase Survey Finds
Quantum Computing Set to Transform Multiple Industries, Create Up to $850 Billion in Annual Value by 2040, Latest Estimates Show
Middle East container ports are the most efficient in the world
New Report Finds Only 37% of Organizations Have the Skills and Technology to Keep Pace With Digital Projects

Press Media Release

U.S. CDC Advisory Committee on Immunization Practices Recommends Vaccination with Moderna’s COVID-19 Vaccine for Persons 18 Years and Older
The first IOTSWC Digital Summit will tackle the deployment of Artificial Intelligence and Digital Twins
Apple Fitness+ Welcomes People at Every Fitness Level to Train Their Bodies and Minds with Meditation and New Workouts Available September 27
Adorama Business Solutions Launches Federal Government Purchasing Portal
COVID-19 Update
Frontline MNA Nurses and Healthcare Professionals Voice Concerns Regarding Hospital Preparedness and Policies in Response to COVID-19 Second Surge
Eveon Containers Digitizes and Speeds up Commercial Shipping and Storage Container Supply, Expands to First U.S. Location

Secondary Sidebar

Opinion

Initiative is punishable that’s why dictatorship is economically inferior form of government
National Press Club Statement on Death of French Journalist In Ukraine
Boycott the Beijing Winter Olympics
Collection of Ukrainian charities
Interview with Stephen Kotkin: Putin’s miscalculation

Calendarial

2022 3D Insiders’ Summit, April 7, 2022, Eurostars Grand Central Hotel, Munich, Germany
Peace One Day announces this year’s Climate Action Live on 21st June 2022
Technology & Venture Capital Briefing, June 22, 2022
World Oceans Day 2022, Wednesday, 8 June
DISPLAY WEEK 2022, May 8-13, 2022, San Jose McEnery Convention Center, San Jose, CA

Footer

Recent Posts

  • There is a progress in discussions on a potential price cap on Russian oil
  • In 2019 98.9% of EU businesses forming part of the non-financial business economy were micro or small enterprises
  • Microvast Joins Russell 3000® Index
  • EVgo Added to Russell 3000® and Russell 2000® Indexes
  • These techniques boost the effectiveness and efficiency of interactions
  • Orpheus, by McKinsey, named global leader in procurement analytics by industry analysts, attaining top spot in Spend Matters reviews
  • McDonald’s: a real estate firm dressed up as a fast food chain
  • Global cross-border activity to grow 5.6% through 2026
  • Is another housing crash on the horizon?
  • DFIN Report Predicts Strong M&A Activity in 2022

Media Partners

  • Briefly
  • OPINT
  • VPNW
  • S3H
  • Domain Aftermarkets
  • App Coding
  • API Coding
  • Pixel Effect
  • Blockchaining

Media Partners

  • Technology Conferences
  • Event Sharing Network
  • Exclusive
  • Opinion
  • OSINT
  • Domain Name for Business
  • Analysis
  • Digital market
  • Calendarial

Copyright © 2013 Dossier.org

Technologies, Market Analysis & Market Research Reports

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT