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WeWork is different than Theroanos. People actually rented WeWork properties and got a valuable service. The problem was more or less shenanigans on the Exec.
by jollybean 5y ago
WeWork 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.