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“Every writedown takes Wework’s carrying value closer to reality. Clearly the value is zero,” said Kirk Boodry, an analyst at Redex Holdings. I wonder if the v
by roland35 7y ago
“Every writedown takes Wework’s carrying value closer to reality. Clearly the value is zero,” said Kirk Boodry, an analyst at Redex Holdings.
I wonder if the value will be less than 0 soon with all of the liabilities WeWork has!
- dannyw 7y agoLimited liability companies cannot have a value less than zero in general. However, WeWork’s lawsuit against SoftBank could very well be successful; effectively making it negative for SoftBank.
- Traster 7y agoWeWork's lawsuit against softbank only succeeds if it lives long enough to get to a court decision, and Softbank are in quite a strong position to stop that happening.
- code4tee 7y agoWhen the final lifeline for your company is suing your primary investor over competing definitions of just how terrible the company is performing then I’m not sure it’s worth much for either party!