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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.
Does anyone know what the positives are of the company?
“(...) By applying the average employee occupancy costs to our potential member population of 149 million people in our existing 111 cities, we estimate a total opportunity of $1.7 trillion. Among the approximately 255 million potential members across our 280 target cities globally, we estimate a total opportunity of $3.0 trillion.”
> 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.
This stock went from $54 in Aug 2004 to $1196 today. Just for me to understand, is that "underperformance"? Is your claim that other stocks that have a traditional voting structure have outperformed GOOGL over the same time period or that GOOGL itself could have achieved much higher highs, say 30x instead of a mere 22x? Either way, those are tall claims and it's on you to prove it.
...yip to the moon!
The financials - https://imgur.com/a/NZONeDo TLDR : Revenue - $1.535B | Costs - $2.904B | Loss - $1.369B
Edit: Yes, spend is better verb here than lose...thanks
My favorite part of new tech company filings is looking at the risk section and finding something to the effect of: "We are not profitable, and may never be." > We have a history of losses and, especially if we continue to grow at an accelerated rate, we may be unable to achieve profitability at a company level (as determined in accordance with GAAP) for the foreseeable future. I understand the reasoning behind havin…
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.
“Substantially all of our leases with our landlords are for terms that are significantly longer than the terms of our membership agreements with our members. The average length of the initial term of our U.S. leases is approximately 15 years, and our future undiscounted minimum lease cost payment obligations under signed operating and finance leases was $47.2 billion as of June 30, 2019.”
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.
Founder cashed out, they're losing almost as much money as incoming revenue, multiple classes of shares with different voting rights, etc. Does anyone know what the positives are of the company?
Oh you mean for the investors? Well money is dirty so it is best if you have less of it.
WeWork's locations are wonderful, but if they want to start making money, they need to start charging more or lower the costs. Won't people just move to cheaper offices then?