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WeWork and Theranos were selling hype no real solution or service. They seem like companies from dot com bubble era, I thought tech investors got smarter but th
by mrkramer 5y ago
WeWork and Theranos were selling hype no real solution or service. They seem like companies from dot com bubble era, I thought tech investors got smarter but they are still as stupid as they were 30 years ago.
- jollybean 5y agoWeWork is different than Theroanos. People actually rented WeWork properties and got a valuable service. The problem was more or less shenanigans on the Exec. side, and unsustainable financial situation. In that case, the 'consumers' actually end up ahead, with a cheaper services than otherwise, then investors lost.
- HWR_14 5y ago>WeWork is different than Theroanos. From my understanding, WeWork was more of a working business that was overvalued and had a lot of self-dealing with the CEO (which I would characterize as embezzling, but may not legally have been.) Theranos invested their money in trying to make an impossible product, lying and failing at it the whole time. But I could be wrong, sensationalist news headlines and such.
- jollybean 5y agoI believe this is correct.