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Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Tender Offer Didn’t Happen. Bonds Plunge to Record Low. This comes after WeWork reported a $1.25 billion loss in Q3. Second thoughts about throwing so many … Read more
via WSJ: Are presidential candidate Elizabeth Warren and WeWork founder Adam Neumann the same person? I mean, they have different hairstyles and all, but their philosophies are more alike than … Read more
In less than one year, WeWork went from having a $47 billion valuation and being the darling of the venture capital world to needing an $8 billion infusion to avoid … Read more
We now know exactly how much all the WeWork drama of the past few months cost SoftBank, one of its largest investors. As Investor’s Business Daily reports, SoftBank has reported a quarterly loss of … Read more
by: Ethan Huff (Natural News) Co-working giant WeWork is reportedly suffering massive financial losses that are expected to result in the termination of some 4,000 employees over the next few … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter However many billions of other people’s money your outfit burns, just make sure you walk away a billionaire. SoftBank – the Japanese conglomerate that is the … Read more
The WeWork saga rages on as SoftBank continues to sink money into the office-sharing project. RT Correspondents Faran Fronczak and Rachel Blevins are both on hand today to break down … Read more
www.ft.com/content/ffa49378-f5b4-11e9-a79c-bc9acae3b654 Represents about 30% of the current workforce. Mr Claure added: “But I will promise you that those that leave us will be treated with respect, dignity and fairness. And … Read more
WeWork, the company that is either a transformative way of life or a dangerously overleveraged real estate company posing as a cultish tech firm, is planning on laying off thousands of employees. … … Read more
WeWork, once valued at $47 billion, will be worth as little as $7.5 billion on paper as SoftBank takes control of the struggling co-working business, CNBC reports. SoftBank, a long-time WeWork investor, plans … Read more
via MarketWatch: “WeWork’s board is expected to meet tomorrow to weigh emergency-financing options including a takeover by SoftBank Group Corp. that would slash the co-working company’s valuation to about $8 … Read more
Value is a function of growth and margins. Many/most of today’s unicorns have deployed massive capital to achieve the former while not demonstrating the patience or skill to achieve the … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter It’s so big: Soul searching in the Commercial Mortgage Backed Securities market. The $702 million in unsecured 7.875% bonds that WeWork issued in April last year … Read more
Because no one does due diligence anymore How did WeWork go from a $47 billion valuation to near bankruptcy in just 6 weeks? t.co/k4Uqsga3UZ pic.twitter.com/5veQ2dNdiU — CNBC (@CNBC) October 3, … Read more
Can anyone recall the last time (if ever) that a hot IPO candidate resulted in the end removal if its founder/CEO and it bonds getting smashed. Is this the worst … Read more
