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> Today, Rebekah and Adam Neumann are living in temporary social exile in Tel Aviv after starring in the most sensational corporate collapse probably ever. ha.
by jiveturkey 7y ago
> Today, Rebekah and Adam Neumann are living in temporary social exile in Tel Aviv after starring in the most sensational corporate collapse probably ever.
ha. but not financial exile. ($1.7bn parachute according to TFA.) billion with a `b'. let that sink in.
interesting though that the financiers in this debacle haven't suffered the same fate.
strong article. i do wish they'd talked more about adam.
- Mvandenbergh 7y agoIt's basically the smarter version of what Elizabeth Holmes did. If you're going to grift, play by the rules. It is not illegal to do what the Neumanns did, take dumb money and use it to enrich yourself while the company collapses as long as you don't lie and follow the rules. If Holmes hadn't made the amateurish mistake of actually lying rather than just handwaving vaporware, and had managed to pull some liquidity out during later rounds into Theranos, she'd be rich and untouchable. Remember, it's not illegal to be bad at business or technology and it's not illegal to be ridiculously optimistic to the point of delusion about the future. What is illegal is being "optimistic" about events which have already occurred. As a result, they are smoking weed by the coast of the med and shopping for vineyards and Holmes is going to jail.
- jiveturkey 7y agoyep. in the article they call it a collapse, but i wouldn't dispute it if they argued that it was a success.