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Wow, what a fall from grace. Weren't they valued at 72 billion earlier?
by moneywoes 7y ago
Wow, what a fall from grace. Weren't they valued at 72 billion earlier?
- WalterSear 7y agoIt's not grace if it's mostly smoke and mirrors: it's hubris.
- xenospn 7y ago46B. Still insane.
- onlyrealcuzzo 7y agoIf you sell a pig to yourself for $72Bn, does that make it worth $72Bn? It was valued at $20Bn in 2017 based on a $4.4Bn investment from SoftBank (where they were the sole investor). It was then valued at $45Bn in 2018 based on another $3Bn investment from SoftBank (when SoftBank was already the largest investor -- by far). Then, SoftBank made ANOTHER $1Bn investment later in 2018 "valuing" WeWork at $47Bn. WeWork was ever valued at $72Bn. Maybe you're thinking of Uber.