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It's refreshing to see that the financial Shenanigans SoftBank was playing with WeWork and even Uber backfired like that in the end. Manipulating pre-IPO valua
by ckastner 7y ago
It's refreshing to see that the financial Shenanigans SoftBank was playing with WeWork and even Uber backfired like that in the end.
Manipulating pre-IPO valuations as aggressively as they did was just insane.
- goatinaboat 7y agoManipulating pre-IPO valuations as aggressively as they did was just insane Never forget the endgame was to dump it at the inflated valuation on retail investors and pension funds. This was a heist on the scale of Madoff, if they pulled it off.
- rchaud 7y agoMarkets were already wary since the Uber IPO was a flop. WeWork was in the same class of "We're going to become a monopoly, so invest now!!" type investments. Like Uber, they failed to explain away the gargantuan losses. By trying to massage the financials in full view of the public, that close to the IPO was probably what killed the IPO altogether. I fear