Romy Ilano<p>Oakland port reflected on the new merittt medical school campus tower arising in downtown Oakland <a href="https://mastodon.berlin/tags/wework" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>wework</span></a> <a href="https://mastodon.berlin/tags/Oakland" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Oakland</span></a></p>
#wework
0 posts0 participants0 posts today
Ancienne «licorne» des bureaux partagés, #WeWork dépose le bilan aux Etats-Unis et au Canada - https://www.liberation.fr/economie/ancienne-licorne-des-bureaux-partages-wework-depose-le-bilan-aux-etats-unis-et-au-canada-20231107_3ZLB55CZZNGFDP6FITPGD4J5FQ/
> Elle a été un temps valorisée à 47 milliards de dollars et devait être la valeur star d’un nouveau modèle de bureaux, flexibles et partagés. Mais la gestion hasardeuse de son fondateur, Adam Neumann, et la pandémie auront eu raison d’elle. WeWork, entreprise de «coworking» tombée en disgrâce depuis plusieurs années, a déposé le bilan lundi aux Etats-Unis.
Libération · Ancienne «licorne» des bureaux partagés, WeWork dépose le bilan aux Etats-Unis et au Canada
Мережа коворкінгів WeWork подала на банкрутство. На піку її оцінювали в $47 млрд https://itc.ua/ua/novini/merezha-kovorkingiv-wework-podala-na-bankrutstvo-na-piku-yiyi-otsinyuvaly-v-47-mlrd/ #банкрутство #Коворкінги #IT-бізнес #Новини #WeWork
ITC.ua · Мережа коворкінгів WeWork подала на банкрутство. На піку її оцінювали в $47 млрд - ITC.uaКомпанія WeWork, що надає послуги спільного використання офісів, подала заяву про захист від банкрутства за Главою 11 у федеральному суді Нью-Джерсі, заявивши, що вона уклала угоди з переважною більшістю власників забезпечених облігацій і що вона має намір скоротити «неопераційні» договори оренди.
Hands up: I am far removed from big business, economic affairs, capitalist megalomania and such shit - I was raised to despise it and, frankly, understand FA about it - but I am HOOKED on this week’s stories of multi-billion-dollar-scale, tech-fronted pyramid schemes collapsing…
Genuine questions:
Am I too quick to see a pattern because #FtX and #WeWork are all over the news in one week?
What do they have in common that allowed them to scale scams as old as magic beans at such alarming pace?
It’s hard to believe a glorified landlord didn’t turn out to be the next big thing.
I know some investors are irrational, myself included at times, but believing a landlord/property manager can scale like a tech company is a whole other level.
“Community-adjusted EBITDA” should have led any potential investor to open a short position instead.
Мережа коворкінгів WeWork наближається до банкрутства — колись стартап оцінювали у $47 млрд https://itc.ua/ua/novini/merezha-kovorkingiv-wework-nablyzhayetsya-do-bankrutstva-kolys-startap-otsinyuvaly-u-47-mlrd/ #банкрутство #Коворкінги #IT-бізнес #Новини #WeWork
ITC.ua · Мережа коворкінгів WeWork наближається до банкрутства — колись стартап оцінювали у $47 млрд - ITC.uaВчора ввечері ринкова капіталізація WeWork становила близько $120 мільйонів і знизила
Once valued at $47 billion, coworking-space provider WeWork nears bankruptcy - Enlarge (credit: Getty Images | Justin Sullivan)
WeWork stock ... - https://arstechnica.com/?p=1980353 #policy #wework
Ars Technica · Once valued at $47 billion, coworking-space provider WeWork nears bankruptcyWeWork bankruptcy filing may happen next week as market cap falls to $60 million.
For a moment I though #WeWork is somehow getting out of troubles. But no, it's just "1-for-40 reverse stock split to get its shares trading back above $1" https://www.cnbc.com/2023/09/06/wework-ceo-says-company-is-here-to-stay-as-it-renegotiates-leases.html
blog! “WeWork - how did anyone fall for this bullshit?”
I've just finished watching Hulu's WeWork documentary. It is genuinely one of the funniest movies I've seen this year. Seriously, how can you watch that and not crack up? If I were the head of an investment fund, I think I probably would have fallen for Theranos. Sure, Elizabeth Holmes was a bit of a […]
⸻
#WeWork
Terence Eden’s Blog · WeWork - how did anyone fall for this bullshit?I've just finished watching Hulu's WeWork documentary. It is genuinely one of the funniest movies I've seen this year. Seriously, how can you watch that and not crack up? If I were the head of an investment fund, I think I probably would have fallen for Theranos. Sure, Elizabeth Holmes was a bit of a [...]
The #WeWork documentary is the *funniest* thing I've seen in years.
Who falls for this bullshit?
WeWork says there’s "substantial doubt” it will even be able to stay in business. Few companies have risen to such towering heights only to crash so badly. https://www.japantimes.co.jp/business/2023/08/10/companies/wework-substantial-doubt-stunning-fall/?utm_content=bufferb4f5c&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #wework
The Japan Times · WeWork’s ‘substantial doubt’ about its future marks a stunning fallThe New York-based company is bleeding cash, and customers of its office rentals are canceling their memberships in droves.