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> The author is just another one with a big mouth writing clickbait articles ! This is not clickbait. This is not promising one thing and delivering another or
by onli 7y ago
> The author is just another one with a big mouth writing clickbait articles !
This is not clickbait. This is not promising one thing and delivering another or being overly inflamatory. It's a highly intelligent analysis of systematic issues in the current (US) capitalist system.
> well if there is no path to profitability, how is it still worth 10-15 billion ?
It is not worth anything. If they really have no way of becoming profitable and they have more debt than capital (in terms of money and property) WeWork is worth less than $0. That's why the IPO failed.
> "WeWork ostensibly became more valuable because Son said it was more valuable, and bought shares for higher prices. " - well isn't this how market pricing works.
There was no market. That goes together with the point above. In a real market: Sure, it's worth what people would pay for it. But here people wouldn't pay that much, the valuation only arrived at the point because it was decidedly not a market situation.
> Dimon is the most respected banker and he led JPM to become the largest bank in the western world. Well somehow that is mediocre.
Evidently the author disagrees with you. Without judging myself I'd kindly suggest that "most respected" anything does not have to be a sign of merit.