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Articles have been trickling out about We’s shadiness over the past year or two, so what is the average person suppose to do/think? Capitalism gonna capitalism?
by halfmatthalfcat 7y ago
Articles have been trickling out about We’s shadiness over the past year or two, so what is the average person suppose to do/think? Capitalism gonna capitalism? Don’t buy We stock? Or just watch another episode of “Startup Drama in America” play itself out?
With the turmoil of Uber/Lyft, Tesla and now We, I’m just looking for more popcorn...
- whenchamenia 7y agoNo, but lately, SV capitolism seems especially myopic. It seems we may be part of the problem more than the solution right now. Most startups would accept funding from satan himself at this point. I don't want to watch the world burn, but a few IPOs in flames might be better for us in the long run. Pass the popcorn.
- AndrewBissell 7y ago"Don't buy We stock" is not a bad start. It requires some effort though as you may need to follow up on whether any funds you own are planning to purchase the stock. It might be useful to have a "name and shame" list of funds which intend to buy into the IPO so investors can easily tell where they need to divest.
- bradleyjg 7y ago> Don’t buy We stock? That means forgoing most of the broad based index funds. I don't love that idea either.
- AndrewBissell 7y agoWhich broad based index is going to include WeWork?
- bradleyjg 7y agoVT and VTI certainly. At anything close to its proposed valuation S&P500 funds too.
- AndrewBissell 7y agoNo, stocks cannot be added to the S&P 500 unless the previous 4 reporting quarters taken in aggregate were profitable.
- bradleyjg 7y agoGood to know, thanks.