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Calling Aramco the "WeWork of energy" is a bit of a stretch. Yes, the company has problems; yes, it's been navigating the capital markets poorly; but at the end
by leroy_masochist 7y ago
Calling Aramco the "WeWork of energy" is a bit of a stretch. Yes, the company has problems; yes, it's been navigating the capital markets poorly; but at the end of the day, it's an oil company that says it's an oil company. There isn't any category-gaslighting or a charismatic CEO who bamboozles VCs with utopian yoga-babble. Aramco is just an authoritarian state-owned oil company with all the issues that come with that territory, and this article and its headline strike me as facile clickbait.
- fasicle 7y agoAnd they are extremely profitable, unlike WeWork. https://www.nytimes.com/2019/04/01/business/saudi-aramco-profit.html https://www.nytimes.com/2019/04/01/business/saudi-aramco-pro...