30.  WeWork is a real estate and workspace sharing company.  Founded in 2010 by  defendant Neumann, his wife Rebekah Neumann, and Miguel McKelvey, the Company opened its  first facility in New York City, offering shared workspace and services to entrepreneurs,  freelancers, startups, and small businesses.  The Company distinguished itself by its focus on  developing perk-filled shared workspaces intended to foster a sense of collaboration and  community.     31.  Defendant Neumann became the public face of the Company.  He led with striking  personal charisma, engendering admiration both within and outside the Company for his apparent  entrepreneurial vision.  He was prone to opining on grand ideas like ending world hunger or  figuring out ways to “solve the problem of children without parents.”  He led lavish “summer  camps” in which thousands of WeWork employees gathered in an annual music-festival-like  atmosphere and engaged in activities meant to foster mindfulness, camaraderie and progressive  ideals while being entertained by popular musicians like Bastille and Alesso.  As defendant  Neumann boldly proclaimed, “We are here in order to change the world.  Nothing less than that  interests me.”   32.  WeWork grew quickly.  By 2012, the Company had four locations in New York  City as well as facilities in Los Angeles and San Francisco.  In 2014, WeWork opened two co- working facilities in Washington, D.C. and another in Seattle and its first international location in  London.  By the end of 2015, WeWork had 54 coworking facilities in New York City, Boston,  Philadelphia, Washington, D.C., Miami, Chicago, Austin, Berkeley, San Francisco, Los Angeles,  Portland and Seattle.  The Company’s international locations also expanded to Tel Aviv and  Herzliya in Israel.   For Violation of Cal. Corp. Code §§25401  and 25501 Against Defendant WeWork and the Individual Defendants  129.  Plaintiff incorporates ¶¶1-122.  130.  This claim is brought on behalf of those Class members who purchased WeWork  securities from WeWork and/or the Individual Defendants.   131.  Defendant WeWork and the Individual Defendants offered to sell and/or sold  securities to plaintiff and members of the Class in and from this state by means of written and oral  communications that included untrue statements of material fact and omitted to state material facts  necessary to make the statements made, in light of the circumstances under which the statements  were made, not misleading.  132.  The defendants named herein failed to exercise reasonable care to ensure the truth  and accuracy of such statements, and plaintiff had no knowledge of the falsity of such statements.  133.  As a direct and proximate result of WeWork’s and the Individual Defendants’  violations of law described herein, plaintiff and members of the Class have been damaged.  The Rise of WeWork  