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> Neumann, 40, cashed in around $700m of his own shares in WeWork My goodness, is WeWork the most stylish ponzi scheme of all time?
by not_a_moth 7y ago
> Neumann, 40, cashed in around $700m of his own shares in WeWork
My goodness, is WeWork the most stylish ponzi scheme of all time?
- xiphias2 7y agoWe knew that public stock holders will get bored at investing in overvalued IPOs, we just didn't know that We will be the one.
- rvz 7y ago> is WeWork the most stylish ponzi scheme of all time? Almost. The investors caught them exit-scamming and forced them to postpone the IPO due to further scrutiny of their profitability plans. As for the CEO banking his shares pre-IPO, it doesn't give confidence in investors that they are actually profitable or worthy of being $47B (Now less than $9B). I rarely attack on character here, but I'm afraid this exit-scam almost strongly resembles a certain joker taking his circus on the stock market.