3 ms·
Adam Neumann talked Softbank into willingly investing a whole bunch of money into WeWork at a valuation that was unlikely to be realized in all but the most opt
by WJW 4y ago
Adam Neumann talked Softbank into willingly investing a whole bunch of money into WeWork at a valuation that was unlikely to be realized in all but the most optimistic scenarios. While Softbank could/should have been more prudent, being irrationally optimistic is not illegal. I don't understand why anyone would be willing to give him another shot given his track record, but I guess A16z is free to do with their money as they please.
Elizabeth Holmes endangered the public by knowingly selling them fake blood test results, which is a crime. That is why she is in jail and Neumann is not.
- ok_dad 4y agoNo, she’s in jail for defrauding investors. No one cared about any actual humans, just a few dragons hoarding gold who were duped.
- jostmey 4y agoActually, she is in jail for wire fraud, not because she sold fake blood test results. I think she claimed contracts that did not exist, among other things. Reading this thread, it doesn’t sound like Adam Neumann did this
- differentView 4y agoShe's actually out on bond. Sentencing is scheduled for October 17, 2022.