Postsecondary Learning

After Lawsuit Over Misleading Claims, Coding Bootcamp Flatiron School Acquired by WeWork

Oct 23, 2017

LIFE AFTER LAWSUIT: WeWork, an office leasing startup, has acquired the online and in-person coding bootcamp Flatiron School, Axios reports. Terms of the deal, which was signed on Oct. 11, were not disclosed.

In a blog post, WeWork’s co-founder and CEO, Adam Neumann teased plans to “offer new Flatiron in-person courses in new locations and online through new models and new channels” to WeWork employees and members. The deal could also provide WeWork’s members—many of whom are startups—access to a pool of developers. In an interview with Avi Flombaum, Flatiron’s co-founder and dean, The Next Web “confirmed” that “WeWork intends to use its latest acquisition to place junior developers with its members.”

The acquisition news follows another major announcement from the coding bootcamp. Six days after that deal was signed, Flatiron last week announced it had reached a settlement with the New York Attorney General, which charged that the school was advertising misleading hiring and salary rates. The settlement came with a $375,000 fine, and Flatiron has since removed the hiring and salary figures that were at fault from its website.

Postsecondary Learning

After Lawsuit Over Misleading Claims, Coding Bootcamp Flatiron School Acquired by WeWork

Oct 23, 2017

LIFE AFTER LAWSUIT: WeWork, an office leasing startup, has acquired the online and in-person coding bootcamp Flatiron School, Axios reports. Terms of the deal, which was signed on Oct. 11, were not disclosed.

In a blog post, WeWork’s co-founder and CEO, Adam Neumann teased plans to “offer new Flatiron in-person courses in new locations and online through new models and new channels” to WeWork employees and members. The deal could also provide WeWork’s members—many of whom are startups—access to a pool of developers. In an interview with Avi Flombaum, Flatiron’s co-founder and dean, The Next Web “confirmed” that “WeWork intends to use its latest acquisition to place junior developers with its members.”

The acquisition news follows another major announcement from the coding bootcamp. Six days after that deal was signed, Flatiron last week announced it had reached a settlement with the New York Attorney General, which charged that the school was advertising misleading hiring and salary rates. The settlement came with a $375,000 fine, and Flatiron has since removed the hiring and salary figures that were at fault from its website.

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