3 ms·
probably not as bad as the wework botched ipo.... but your point remains
by htrp 4y ago
probably not as bad as the wework botched ipo.... but your point remains
- lotsofpulp 4y agoWework had indefensible problems with their business model, hence sinking even in the frothiest of times. Stripes would have surely fared much better.
- paxys 4y agoWework's problem wasn't timing. They actually chose to go public under perfect market conditions, just that their underlying business was so out of touch with reality that not even the most optimistic institutional investors or bankers could digest it.
- TheNewsIsHere 4y agoI have been reading Billion Dollar Loser by Reeves Wiedeman. That out of touch quality that seemed to permeate WeWork was seemingly there from the beginning, courtesy of Adam Neumann. To say that he comes off looking delusional is being kind.
- fnimick 4y agoAnd yet somehow whenever he sneezes he finds investors willing to throw millions upon millions of dollars at him. https://www.nytimes.com/2022/08/15/business/dealbook/adam-neumann-wework-startup.html https://www.nytimes.com/2022/08/15/business/dealbook/adam-ne...
- paxys 4y agoThere is always a greater fool...
- csomar 4y agoHe is not delusional. He just started a Carbon business and raised money for it.
- TheNewsIsHere 4y agoI don’t submit he’s delusional because of the business he started. My position is that he comes off as delusional because of some of the things he says in the context of business. To read and listen to some of the things he has said, he does come off as a bit of a cultist. I do however think it’s delusional to slap a “tech” label on a real estate firm, treat it like it’s a tech company, and expect any different outcome.