1) The WeWork debacle continues... On Friday, Bloomberg reported that WeWork's largest investor, SoftBank Group, is realizing that its "big bet may already be turning sour... fueling tensions among SoftBank employees."

Then, the Wall Street Journal published an article raising even more questions about the company's laughable corporate governance (even by the low standards of today's unicorns): WeWork's Long List of Potential Conflicts Adds to Questions Ahead of IPO.

All of this is leading to even more investor skepticism and talk of an even larger valuation cut to get the IPO done: WeWork Parent Weighs Further Valuation Cut.

It's not going to work. You can stick a fork in this IPO.

And I'll make an even bolder prediction: I think the company goes bankrupt within a year. That's what happens when companies run out of cash – and who, exactly, is going to provide this money-losing pig with the billions of dollars necessary to keep its fatally flawed business model alive?

Whitney Tilson

  

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WeWork IPO [Alle anzeigen] , Rang: Warren Buffett(3283), 14.8.19 18:44
 
Subject Auszeichnungen Author Message Date ID
RE: WeWork IPO - Sagenhaft
16.8.19 22:25
1
RE: WeWork IPO - Sagenhaft
18.8.19 11:13
2
WeWTF
30.8.19 14:56
3
WeWork will go bankrupt within a year
09.9.19 22:23
4
WeWork IPO verschoben
17.9.19 10:47
5
WeWTF, Part Deux
24.9.19 23:46
6

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