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While this is a great misfortune, consider how SoftBank advanced WeWork towards IPO. They were selling a pile of overvalued garbage, hoping that that the rest
by say_it_as_it_is 7y ago
While this is a great misfortune, consider how SoftBank advanced WeWork towards IPO. They were selling a pile of overvalued garbage, hoping that that the rest of the world was as brain dead as its own investors and not notice.
- dullgiulio 7y agoI'm pretty sure this all happened in spite of what SoftBank tried so that investors would not discover how bad WeWork is as an investment. We could start from the fact that is a real estate company and not a tech unicorn...
- DamnYuppie 7y agoHonestly I was routing for for WeWork to IPO as I had most of my IRA lined up to short them. Yes you can't short in an IRA but I was going to buy near money PUTS against them. I was salivating for months waiting for this windfall, too bad it didn't come to pass :(