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‘Stop the WeWork deal’ – Cramer says embattled IPO could wreck the market rally
- par 7y agoWhile Cramer is known for his braggadocio, he's not wrong here. WeWork IPO doesn't pass the smell test. It's possible that WeWork ipo could trigger a huge correction across all of tech, and have rippling effects for many private companies looking to go public.
- artsyca 7y agoThere's a sarcastic comment by `Marcus` in this related article: https://wolfstreet.com/2019/09/13/wework-ipo-the-straw-that-breaks-the-stock-markets-back-valuation-plunged-by-up-to-79/ https://wolfstreet.com/2019/09/13/wework-ipo-the-straw-that-...: I’ve been driving past the nice looking WeWork building in northern San Diego and laughing at the fact that the lighted sign has some blown bulbs and reads as a massive “WeWo” when it’s dark outside. Fortunately they’ve remedied the issue. By turning the entire sign off. Seems like a big time operation when they have the same building maintenance urgency as a roadside “otel”.