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Framing the entire market as “either you buy into this single obvious scam or everything falls apart” is extreme. WeWork has been a gamble throughout, and the l
by nabdab 7y ago
Framing the entire market as “either you buy into this single obvious scam or everything falls apart” is extreme. WeWork has been a gamble throughout, and the latest antics just pushed investors from “yes its a bad investment long term but short term I’ll make a profit” into straight up “this bag is on fire and I’m sure it’s filled with shit so I’ll let someone else step on it”. Wework failing is not going to trigger a complete market collapse. When Theranos blew up the next Monday was business as usual for every single other company.
- fastball 7y agoThere are a lot of big startups without a good business model who have been surviving on copious amounts of easy capital.
- alexis_fr 7y ago...and a healthy market must make bad ones go under. Some of those companies should have been stopped way earlier.
- RyanAF7 7y agoYeah, namely Amazon.
- sjtindell 7y agoFor me as occasional observer, the first shot across the bow was the Uber S1. It seems to have made a lot of people pause and question the business models of other companies as well. Nobody jumping ship, but caution in the winds.
- atombender 7y agoTo throw caution to the winds means to be careless (you're throwing caution away). Is "caution in the wind" an actual phrase?
- cmendel 7y agoPretty sure they just meant that caution is the order of the day.
- UncleOxidant 7y agoNow do Uber.