4 ms·

I'm not familiar with the process - what part of it is a scam? What makes tech a unique sector that makes this possible?

• michaelt 7y ago
  what part of it is a scam? Imagine if I had a car that was falling apart, and I sold it for much more than it was worth to some chump who didn't spot the many faults I knew it had. Maybe I put a floor mat over the rust and use thicker oil so they don't hear the rattle in the engine. 100% legal, and by some people's standards not even a scam. Caveat emptor, nothing personal it's just business. Other people would say I was a rip-off merchant for not being upfront about the faults, and that people shouldn't do business with me until I mend my ways. I wouldn't have sold that car to a friend or family member - unless perhaps they had a car repair shop, and even then I'd point out every fault - and shouldn't an honest businessman treat every customer that way? situational87 is the second type of person, and thinks WeWork is the IPO equivalent of a car that's falling apart. What makes tech a unique sector that makes this possible? It's not unique to tech - just tech has lots of IPOs of companies that are losing money.