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Valuations that in hindsight end up being too optimistic aren't unique to public markets. WeWork didn't have to go public to be valued at $47 billion. In fact i
by ralph84 6y ago
Valuations that in hindsight end up being too optimistic aren't unique to public markets. WeWork didn't have to go public to be valued at $47 billion. In fact it was the act of trying to go public that brought the valuation back to reality.
- tehabe 6y agovaluations of private companies are even more volatile than for "public" companies. in the case of WeWork it seems to me it was more like a scam of investors who fell for it. I stopped wondering when I read that some of the buildings were owned by the WeWork founders and leased by WeWork.