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WeWork Gets a Visit from Financial Reality

bloomberg.com

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Re: WeWork Gets a Visit from Financial Reality

#261

Post by nwatson »

pkaye wrote: post #184
fhbdukfrh wrote: post #180

Earlier quoted context omitted.

This isn't necessarily the fault of the funeral home. It's a much the traditional and society pressure that says this is what you do when you die. Aside: How come airlines give you a bereavement discount while a caterer doesn't? Nothing stopping your family from a simple cremation and open tab at your favorite social spot for a couple of hours of celebration Or a picnic... Or a concert with your favorite local bands…

The funeral home can certainly be at fault. They try to upsell the options like a car salesman. They should just provide a list of options and let the family decide.

Yep, here's Liberace (famous pianist, here an actor) being the funeral analog of the car-salesman in the '60's movie "The Love One": https://www.youtube.com/watch?v=uoZ5dTQa_2E

Re: WeWork Gets a Visit from Financial Reality

#264

Post by paulcole »

linkmotif wrote: post #148

I really wanted WeWork to work for me. But it did not. During my time there, it became apparent that their entire focus was on growth. WeWork was never interested in catering to their core market: people who want to work. They failed to create a productive work environment. They alienated people like me, who were willing to pay top dollar for a decent place to work. Instead they created distraction-filled, tacky plac…

Just go to a library and bring headphones?

Coworking spaces for the most part don't seem interested in catering to you. It's easier to find people who don't mind an active noisy environment than it is to please people who demand a quiet workplace.

Re: WeWork Gets a Visit from Financial Reality

#265

Post by ezoe »

bartread wrote: post #206
kgwgk wrote: post #93

https://www.bloomberg.com/opinion/articles/2019-01-08/wework... "In addition to the corporate finance weirdness: “Going forward, the company will no longer be called WeWork but rather The We Company.” (“The switch is not a legal name change,” okay.) And: “Rather than just renting desks, the company aims to encompass all aspects of people’s lives, in both physical and digital worlds,” which is—and I have spent years w…

"The We Company": somebody didn't check what that sounds like when spoken in British English. Wait, what? A company that manufactures and or sells wee?!?? (Pee, to our American friends.) It's not as extreme as powergenitalia or expertsexchange but still something of a facepalm.

It happens all the time. Apple's Siri means Ass in Japanese.

Re: WeWork Gets a Visit from Financial Reality

#266

Post by greglindahl »

ezoe wrote: post #265
bartread wrote: post #206

Earlier quoted context omitted.

"The We Company": somebody didn't check what that sounds like when spoken in British English. Wait, what? A company that manufactures and or sells wee?!?? (Pee, to our American friends.) It's not as extreme as powergenitalia or expertsexchange but still something of a facepalm.

It happens all the time. Apple's Siri means Ass in Japanese.

Or you can recall the snickering when the iPad was introduced. Didn't seem to have negatively affected it.

Re: WeWork Gets a Visit from Financial Reality

#267

Post by mbesto »

mikestew wrote: post #144
Traster wrote: post #4

>The Gulf investors backing the Vision Fund seem to have decided that WeWork is not a tech bet but simply an aggressive punt on real estate. This is the bogey man of a huge number of current 'tech startups' - What if it turns out Tesla really are a car company! Or if We Work are actually an office rental company! OR gasp Uber is a cab company! (1) We now have a glut of companies operating in traditional markets that…

Somewhere along the way I think we got it flipped around. No one was calling Sears a tech company in 1969 just because they bought an IBM 370 to computerize their accounting and inventory. By probably 1975, if you were Fortune 500 and still doing your books by hand you were probably just a dinosaur rather than your computerized competitors being so advanced. Uber, Tesla, okay, maybe there is an argument to be made fo…

That's because "tech" isn't a vertical but an operating model. As I've said before: https://twitter.com/mbesto/status/1017116663676919811

"IMHO the idea that companies are either "tech" or "not tech" has been peddled by VC's to convince buyers that all companies considered "tech" either have or will potentially have high gross margins regardless of current state and thus high valuations."

"When working with my clients (investors/acquirers) we generally consider businesses in three distinctions, IT Supported, Heavily Tech Enabled and Software Businesses. There are then varying degrees in between those distinctions."

Re: WeWork Gets a Visit from Financial Reality

#268

Post by austinpray »

ezoe wrote: post #265
bartread wrote: post #206

Earlier quoted context omitted.

"The We Company": somebody didn't check what that sounds like when spoken in British English. Wait, what? A company that manufactures and or sells wee?!?? (Pee, to our American friends.) It's not as extreme as powergenitalia or expertsexchange but still something of a facepalm.

It happens all the time. Apple's Siri means Ass in Japanese.

I brought this up with my Japanese friend. He told me there are so many homophones in the language people are desensitised to stuff like this. For example: シ (shi) can mean both 四 (four) and 死 (death).

Re: WeWork Gets a Visit from Financial Reality

#269

Post by Atheros »

JohnFen wrote: post #223
coldcode wrote: post #86

Earlier quoted context omitted.

Pets went out of business trying to ship heavy dog food for free. But today the logistics for that actually exists. Often it doesn't pay to be too early. If you are too early you need more cash to stick around until you are proven right. Webvan was another example, today food shipping businesses are everywhere (whether they make money or not one can argue) but back then they were too early and tried too hard before t…

> Often it doesn't pay to be too early As the old adage goes -- the pioneers get all the arrows.

The second mouse gets the cheese.

Re: WeWork Gets a Visit from Financial Reality

#270

Post by azernik »

EthanHeilman wrote: post #256
kgwgk wrote: post #93

https://www.bloomberg.com/opinion/articles/2019-01-08/wework... "In addition to the corporate finance weirdness: “Going forward, the company will no longer be called WeWork but rather The We Company.” (“The switch is not a legal name change,” okay.) And: “Rather than just renting desks, the company aims to encompass all aspects of people’s lives, in both physical and digital worlds,” which is—and I have spent years w…

The dystopian novel "We" tells the story of a society which encompass all aspects of your life, in both physical and mental worlds. >"We is set in the future. D-503, a spacecraft engineer, lives in the One State, an urban nation constructed almost entirely of glass, which assists mass surveillance. The structure of the state is Panopticon-like, and life is scientifically managed F. W. Taylor-style." https://en.wikipe…

I mean, "Soylent"?
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