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In other words we have actual investment fraud happening here, because the only way you agree to -50% re-valuation is to admit you grossly inflated the valuatio
by Edmond 7y ago
In other words we have actual investment fraud happening here, because the only way you agree to -50% re-valuation is to admit you grossly inflated the valuations to begin with.
If I lied to a bank that I had assets worth $x as collateral for a loan and it was later revealed to be a lie, I would be headed to the slammer in no time. These guys had every intention of dumping this garbage onto the public markets for the rest of us to be left holding the bag.
- acchow 7y agoWeWork didn't decide their own valuation. Investors did.
- downrightmike 7y agoYou mean the banks who wanted to make gobs of money fleecing investors.
- acchow 7y agoSoftbank's investment inflated WeWork's valuation. How does Softbank win in this scenario? How does the "fleecing" work? They certainly didn't win in their Uber investment.