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This company is completely unlike the early days of Amazon or others who lost money, WeWork seems to have zero plan to ever make money or be profitable. It's ju

This company is completely unlike the early days of Amazon or others who lost money, WeWork seems to have zero plan to ever make money or be profitable. It's just a ponzi scheme that is trying to push scam up and out to the IPO market. It's a despicable fraud and would be completely illegal if we had a functional SEC. They are just amping up the Uber-style con game to the next level. There will be dozens more scam companies like this until someone finally cracks the whip, so get used to it.

whatshisface 7y ago
If it's that sure of a thing, then let's all work to solve the problem by shorting the price all the way to zero.
JumpCrisscross 7y ago
> WeWork seems to have zero plan to ever make money or be profitable Last I checked, being up shit creek without a paddle isn’t illegal. The problem with criminalising stupidity is differentiating genius and idiocy is often only possible ex post facto. We let investors take informed risks with their own capital. The SEC’s main job is making sure companies selling securities truthfully represent themselves. There are many business models I never thought would work but which, due to scale, clicked. I’m sceptical about WeWork. But the way for them to die is for them to starve to death. If the Saudis (and Kazakhs?!) want to give them money, so long as they aren’t creating negative externalities, I don’t see the problem.
- situational87 7y ago
  My god, this isn't rocket science bruh. The SEC used to prevent companies from listing that were obvious scams. They simply need to start doing their jobs again, it's not a tricky differentiation problem or moral quandry that we need to bust out latin to explain.
x0x0 7y ago
Right, but who exactly is being forced to invest? The VCs went into this with their eyes open and probably information rights. The public has been told this stock features a CEO who scammed his own company out of licensing fees for the name, and features abundant self-dealing for leases of buildings he owns. Anyone who invests has been warned.

whatshisface 7y ago

If it's that sure of a thing, then let's all work to solve the problem by shorting the price all the way to zero.

JumpCrisscross 7y ago

> WeWork seems to have zero plan to ever make money or be profitable Last I checked, being up shit creek without a paddle isn’t illegal. The problem with criminalising stupidity is differentiating genius and idiocy is often only possible ex post facto. We let investors take informed risks with their own capital. The SEC’s main job is making sure companies selling securities truthfully represent themselves. There are many business models I never thought would work but which, due to scale, clicked. I’m sceptical about WeWork. But the way for them to die is for them to starve to death. If the Saudis (and Kazakhs?!) want to give them money, so long as they aren’t creating negative externalities, I don’t see the problem.

situational87 7y ago
My god, this isn't rocket science bruh. The SEC used to prevent companies from listing that were obvious scams. They simply need to start doing their jobs again, it's not a tricky differentiation problem or moral quandry that we need to bust out latin to explain.

x0x0 7y ago

Right, but who exactly is being forced to invest? The VCs went into this with their eyes open and probably information rights. The public has been told this stock features a CEO who scammed his own company out of licensing fees for the name, and features abundant self-dealing for leases of buildings he owns. Anyone who invests has been warned.