4 ms·
While 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 corr
by par 7y ago
While 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”.