The We Company S-1 • Hacker News Board

Re: The We Company S-1

#11

Post by gbrodman » Wed, Aug 14, 2019, 12:16 PM UTC

romanovcode wrote: post #6

First time I hear about this company. Why is it related to HN?

It's the parent company of WeWork et al.

Re: The We Company S-1

#12

Post by webninja » Wed, Aug 14, 2019, 12:17 PM UTC

> We have 3 classes of stock: Class A shares which have 1 vote, class B shares, which have 20 votes, and class C shares which have 20 votes. All classes vote alongside each other.

I wouldn’t consider being an investor in this company unless class B or C shares are publicly traded. Just look at the underperformance of GOOGL, SNAP, and SQ for reasons why not to be an investor here.

Re: The We Company S-1

#13

Post by dynjo » Wed, Aug 14, 2019, 12:17 PM UTC

You would literally have to be out of your mind to buy into this, especially as the founder cashed out $700 million right before IPO.

Best. Short. Ever.

Re: The We Company S-1

#14

Post by sek » Wed, Aug 14, 2019, 12:18 PM UTC

romanovcode wrote: post #6

First time I hear about this company. Why is it related to HN?

It also took me a while, this is WeWork.

I think they overdid it with the branding. Snap from SnapChat was already pretty short, but it is at least a verb and not a pronoun.

Re: The We Company S-1

#15

Post by batmenace » Wed, Aug 14, 2019, 12:18 PM UTC

ecmascript wrote: post #8

Can someone give me a tldr of what this is/means and why it's almost at the top of HN?

An S-1 is the prospectus a company has to file before going public. It includes historical financials, an overview of the business, go-to-market and a lot of additional information. It should generally tell you everything relevant about the company.

Re: The We Company S-1

#16

Post by fingerlocks » Wed, Aug 14, 2019, 12:23 PM UTC

simonvc wrote: post #7

romanovcode wrote: post #6

First time I hear about this company. Why is it related to HN?

Probably half the startups here are working from WeWork offices or have done at some stage..

And the other half of us are at the new discount off-brand WeWork, aka Industrious

Re: The We Company S-1

#17

Post by sidyapa » Wed, Aug 14, 2019, 12:23 PM UTC

The financials - https://imgur.com/a/NZONeDo

TLDR : Revenue - $1.535B | Costs - $2.904B | Loss - $1.369B

Re: The We Company S-1

#18

Post by mdszy » Wed, Aug 14, 2019, 12:23 PM UTC

That wegrow bit seems really strange and cultish with all the mentioning of "connecting with the universe" and "cosmic education".

Re: The We Company S-1

#19

Post by karpodiem » Wed, Aug 14, 2019, 12:25 PM UTC

dynjo wrote: post #13

You would literally have to be out of your mind to buy into this, especially as the founder cashed out $700 million right before IPO. Best. Short. Ever.

I don't disagree with you, but be careful of purposely orchestrated short squeezes.

Re: The We Company S-1

#20

Post by phyalow » Wed, Aug 14, 2019, 12:25 PM UTC

batmenace wrote: post #9

fuzz4lyfe wrote: post #3

Earlier quoted context omitted.

I wonder how that compares to what they tell new hires who are likely taking a haircut for equity in the company

Profitability and the value of the equity aren't necessarily related, though. Amazon was unprofitable for many years, but its stock still increased in value.

Thats because Amazon was only unprofitable due to Capex and R&D. Their operating margin is fantastic, it was this promise that enticed investors! WeWork on the other hand is very ugly.