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I can just imagine Prof Galloway taking victory laps and talking about how the big dog is awesome ! https://www.profgalloway.com/wewtf-part-deux https://www.pr

by mataug 7y ago

I can just imagine Prof Galloway taking victory laps and talking about how the big dog is awesome ! https://www.profgalloway.com/wewtf-part-deux https://www.profgalloway.com/wewtf-part-deux https://twitter.com/JordanBitterman/status/1176549401621348352 https://twitter.com/JordanBitterman/status/11765494016213483...

avs733 7y ago
It never occurred to me just how pretentious/bad the name 'We' is until reading that article... >We will now need additional capital from the private markets, who are no longer under the influence >We has gone from unicorn to distressed asset in 30 days. >In just seven days, We lost more value than the three biggest losers in the S&P 500 have lost in the last year combined: Macy's, Nektar Therapeutics, and Kraft Heinz. I have to pause each time and re-engage my brain to realize he is talking about the company and not himself. I'm significantly enjoying the level to which this fiasco has made investors look like dolts. One can only hope that it does something to pierce the narrative about the possession of capital making people visionary
- mrguyorama 7y ago
  >Kraft Heinz Super off topic but why the heck is Heinz losing so much value?
  - kgbdrop1 7y ago
    You got me curious as well. https://www.nytimes.com/2019/09/24/business/kraft-heinz-food-3g-capital-management.html https://www.nytimes.com/2019/09/24/business/kraft-heinz-food... lists a boatload of issues.
    - deleted 7y ago
      [deleted]
    - spookthesunset 7y ago
      That is just sad. Both of those were staples of childhood... td;lr - Both kraft & heinz were slammed together by a company that bought them both out and then forced them to cut a ton of costs. As it turns out, you can't just cut costs and expect to grow and prosper as the market changes around you. PS - in the article they mention they took away the free office snacks. Taking away perks like that is always a sign that you should head for the exits...
  - skinnymuch 7y ago
    Crazy. Buffett lost a lot of money over that.

by mataug 7y ago

avs733 7y ago

It never occurred to me just how pretentious/bad the name 'We' is until reading that article... >We will now need additional capital from the private markets, who are no longer under the influence >We has gone from unicorn to distressed asset in 30 days. >In just seven days, We lost more value than the three biggest losers in the S&P 500 have lost in the last year combined: Macy's, Nektar Therapeutics, and Kraft Heinz. I have to pause each time and re-engage my brain to realize he is talking about the company and not himself. I'm significantly enjoying the level to which this fiasco has made investors look like dolts. One can only hope that it does something to pierce the narrative about the possession of capital making people visionary

mrguyorama 7y ago
>Kraft Heinz Super off topic but why the heck is Heinz losing so much value?
- kgbdrop1 7y ago
  You got me curious as well. https://www.nytimes.com/2019/09/24/business/kraft-heinz-food-3g-capital-management.html https://www.nytimes.com/2019/09/24/business/kraft-heinz-food... lists a boatload of issues.
  - deleted 7y ago
    [deleted]
  - spookthesunset 7y ago
    That is just sad. Both of those were staples of childhood... td;lr - Both kraft & heinz were slammed together by a company that bought them both out and then forced them to cut a ton of costs. As it turns out, you can't just cut costs and expect to grow and prosper as the market changes around you. PS - in the article they mention they took away the free office snacks. Taking away perks like that is always a sign that you should head for the exits...
- skinnymuch 7y ago
  Crazy. Buffett lost a lot of money over that.