WeWork bankruptcy filing may happen next week as market cap falls to $60 million.
  • SrTobi@feddit.de
    251·
    9 months ago

    I love this. It shows how you can dupe investors by promoting yourself as a tech startup? (IWG is another coworking space rental)

  • bstix@feddit.dkEnglish
    20·
    9 months ago

    Speedrun. The evaluation was in 2019. Ridiculous. Whoever had a stake in it might as well be trading penny stocks.

  • ehxor@lemmy.ca
    121·
    9 months ago

    Is WeWork pulling a Twitter or is Twitter pulling a WeWork?

    • FuglyDuck@lemmy.worldEnglish
      171·
      9 months ago

      eh. WeWork never posted actual profits. They relied on venture capital to stay floating.

      The venture capital is running out because, it turns out, venture capitalists like to see returns on their investments. it’s different than twitter, IMO.

  • Rambler@lemm.ee
    9·
    9 months ago

    I’ll fuckin bet someone came out singing ! Why do we allow this to continue to happen to penny shareholders? And workers alike.

  • GlitzyArmrest@lemmy.worldEnglish
    9·
    9 months ago

    Spaces like this would never work for me in the first place. Why would I travel to a fake office building that my company has nothing to do with to work? I would rather work from home, a library, or even a fast food/coffee shop than go to a pseudo office.

  • Ejh3k@lemmy.worldEnglish
    71·
    9 months ago

    The Good, Bad, Billionaire podcast did an episode on Adam Neumann in the not so distant past. Didn’t really add anything I didn’t already know from watching the Jared Leto show on him, but it was still entertaining.