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WeWork raises going-concern doubt, shares tank
- cs702 3y ago...which should be a surprise to absolutely no one. There were many, many, many red flags raised over the years, including on HN: https://news.ycombinator.com/item?id=34017070 https://news.ycombinator.com/item?id=34017070 https://news.ycombinator.com/item?id=20943597 https://news.ycombinator.com/item?id=20943597 https://news.ycombinator.com/item?id=20928868 https://news.ycombinator.com/item?id=20928868 https://news.ycombinator.com/item?id=20696962 https://news.ycombinator.com/item?id=20696962 (4 years ago!)
- rvz 3y agoAbsolutely. WeWork already had massive losses of more than $900M+ pre-IPO (in six months) which that was the biggest red flag that I have seen. Hence the above, now the news of WeWork doubting their own existence was so unsurprising, I also already predicted this in general and especially with WeWork. [0] [0] https://news.ycombinator.com/item?id=21213365 https://news.ycombinator.com/item?id=21213365 (4 years ago)
- dtagames 3y agoI'm not a fan of ad hominem but this man is demonstrably a con artist -- and quite an adept one at that. I had planned to say I can't see why anyone still goes for his schemes. And then I wrote that second part and realized it had the answer.