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Galloway always predicts that every tech company is a bubble. Every now and then he's right.
by austenallred 7y ago
Galloway always predicts that every tech company is a bubble. Every now and then he's right.
- roymurdock 7y agoLevine is skeptical/amused by the nonsensical valuations but takes a more neutral stance, probably because he was never truly invested in/familiar with/cared that much about new technology and what people promise it can do. Galloway is more idealistic and Levine is more practical taking things at face value and breaking them down. They're both very knowledgeable and worth reading.
- jackgavigan 7y ago> ..probably because he was never truly invested in/familiar with/cared that much about new technology and what people promise it can do. Where's the technology in WeWork?
- roymurdock 7y agoIt's a cornerstone of their brand relative to other office space leasing companies, and tech investors are how/where they got a lot of their funding. Check out their S-1, they mention "technology" 110 times: "Technology is at the foundation of our global platform. Our purpose-built technology and operational expertise has allowed us to scale our core WeWork space-as-a-service offering quickly, while improving the quality of our solutions and decreasing the cost to find, build, fill and run our spaces. We have approximately 1,000 engineers, product designers and machine learning scientists that are dedicated to building, integrating and automating the complex systems we use to operate our business. As a result, we are able to deliver a premium experience to our members at a lower price relative to traditional alternatives." https://www.sec.gov/Archives/edgar/data/1533523/000119312519220499/d781982ds1.htm https://www.sec.gov/Archives/edgar/data/1533523/000119312519...
- kortilla 7y ago1000 engineers for what? Again, where is the technology?
- zachrose 7y agoMaintaining internal frameworks, delivery pipelines, infrastructure, instrumentation and product roadmaps. Transitioning to new organizational structures. Internal hackathons and lunch ‘n learns. What am I forgetting?
- nateburke 7y agoBlog posts, conference talks, building at scale, open source contributions, core libs, platform, tools, dashboard migrations
- james_s_tayler 7y agoPing pong.
- zachrose 7y agoHow did I forget?
- braythwayt 7y agoIt’s “tech theatre,” not tech. It’s how they got their funding, but reading what even the happy users on HN have had to say, the technology isn’t core to why people rent from them.
- dreamcompiler 7y agoNailed it. Brilliant.
- blaser-waffle 7y ago> the technology isn’t core to why people rent from them Okay, I'll bite: what is the core of their value-proposition? A cultural aesthetic? Cheap rent?
- rrrazdan 7y agoWe are current WeWork tenants. WeWork can’t even provide us an interface to manage and view who used WeWork credits in our org. We asked for a report and got a pdf after 2 days. Tech my foot. The printer software is an abomination.
- adrianN 7y agoI found the best way to print in Wework is to email the document to the reception and have them print it for me.
- WrtCdEvrydy 7y ago> The printer software is an abomination. ...that's a surprise....
- jamesdsadler 7y agoIf I recall correctly, there was also no uninstaller (at least on Mac, 2 years ago).
- hanniabu 7y agoAfter a year I never figured out how to print. You should be able to print from their app.
- twic 7y agoOh, so they are a classic tech company, then.
- myth_buster 7y agoHe is bullish on AirBnB[0] and Shopify[1]. [0] https://www.vox.com/2018/10/26/18029008/pivot-kara-swisher-scott-galloway-uber-airbnb-apple-oculus-facebook-vr-privacy-saudi-money-podcast https://www.vox.com/2018/10/26/18029008/pivot-kara-swisher-s... [1] https://www.youtube.com/watch?v=m58YkxEjzT4 https://www.youtube.com/watch?v=m58YkxEjzT4 ____ Edit Linked to a better resource.
- aeternum 7y agoRight, maybe not every tech company but he is wrong more often than he is right. For example, he predicted both Amazon and Google would be 'losers' back in 2015.. oops: https://www.forbes.com/sites/stevedenning/2015/04/09/the-future-of-amazon-apple-facebook-google/#2b1b2dc6172e https://www.forbes.com/sites/stevedenning/2015/04/09/the-fut...
- victor106 7y agoFrom the article “For Galloway, the winner will be Macy’s, which has successfully gone online,” Macy’s Stock https://g.co/kgs/8KZ1Kj https://g.co/kgs/8KZ1Kj Prediction is a hard business.
- perl4ever 7y agoPrediction is very difficult, especially if it's about the future. - Niels Bohr
- inimino 7y agoI had previously heard this attributed to Yogi Berra, so I had to check. Apparently[1], it's an old Danish proverb. [1]: https://quoteinvestigator.com/2013/10/20/no-predict/ https://quoteinvestigator.com/2013/10/20/no-predict/
- quickthrower2 7y agoSo non-future prediction is also difficult it seems!
- adonnjohn 7y agoWhat pumped up their stock so much in 2015?
- SomeOldThrow 7y agoIn the long view, all tech companies are small bubbles. They don’t stick around and have no long term value.
- bpt3 7y agoWhat evidence do you have to support that conclusion?
- SomeOldThrow 7y agoSchumpeter
- waqas- 7y agomost tech companies are bubbles or at least unrealistically over valued. its just that if you keep believing the myth long enough, it starts being true.