3 ms·
just glad that the 2019 IPO didn't materialize, otherwise the innocent retail shareholders would have paid for all the nuisance
by anagri 3y ago
just glad that the 2019 IPO didn't materialize, otherwise the innocent retail shareholders would have paid for all the nuisance
- hn_throwaway_99 3y agoI'm also glad the 2019 IPO didn't materialize, but if it had, anyone who bought in would have been deserving of no pity and I wouldn't call them "innocent retail investors". As badly managed as WeWork was, this was not a case of fraud. Everything was wide out in the open, for anyone with eyes and a brain to see. Heck, the whole reason the 2019 IPO didn't go through is that WeWork's original S-1 was such a shit show of epic proportions, with nothing but red ink as far as the eye could see and completely made up vanity metrics, that Wall Street's collective reaction was "Are you fucking kidding me?"