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WeWork's customers don't really have any right to know its internal sales data and operating figures. And obviously the investors have access to better numbers
by dandelany 10y ago
WeWork's customers don't really have any right to know its internal sales data and operating figures. And obviously the investors have access to better numbers than whatever this guy managed to find and scrape from their API.
- erlehmann_ 10y agoThe question if customers have any rights to know the figures is different from the question if the figures are useful to them.
- wpietri 10y agoThe comment was about societal gain. Large companies often gather substantial intelligence on suppliers, so clearly there's a benefit. Investors don't obviously have access to better numbers. Investors in privately held companies generally receive a very carefully groomed set of data. We hope the people compiling that information don't go out of their way to hide anything (although that happens). And we hope that the raw data is accurate (although this too is often distorted). But they probably don't go out of their way to dig up negative stuff. Smart investors definitely don't take a company's offered financials as their only source of information. And WeWork intends to go public, possibly soon. Those people definitely don't have access to better numbers right now. And they might not get any. IPOs are carefully stage managed.