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Well yeah, he was bought out of his position. Still worth 600m for an company that is about to go belly up? Not a bad payout.
by sieabahlpark 7y ago
Well yeah, he was bought out of his position. Still worth 600m for an company that is about to go belly up? Not a bad payout.
- jdross 7y agoWhy would it go belly up? WeWork’s S1 is an embarrassing piece of business literature but the company is fundamentally fine, unless they’re forced to both pay on future commitments and cannot collect the capital to cover them. They effectively buy a recurring revenue stream starting in month 9 or so, and pay some amount upfront to secure that future stream. Payback period of 18 or so months, then pure profit.
- fattire 7y agonot an expert here on wework, but reports are they run out of $ next month... https://gizmodo.com/wework-could-run-out-of-money-next-month-report-1838982228 https://gizmodo.com/wework-could-run-out-of-money-next-month...