Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

WeWork IPO Shows It's the Most Magical Unicorn

bloomberg.com

Post reply on HN
Print view View original

11–20 of 176 posts

Re: WeWork IPO Shows It's the Most Magical Unicorn

#11

Post by Barrin92 »

wavefunction wrote: post #4
frostyj wrote: post #3

Market will teach these companies a lesson

Companies don't possess a capacity to learn, being just a legal fiction and not actual people.

institutions are just as capable of learning than anything else as long as they consist of bodies that are capable of reform and memory (my home country Germany can tell a lesson about it), and anyhow the idea of an 'actual person' as somehow continuous entity is a fiction too.

Individuals pass through just as many disruptive phases as any other entity. A person at the age of 5 and at the age of 50 is only 'the same' in a legal sense.

Re: WeWork IPO Shows It's the Most Magical Unicorn

#12

Post by dougmwne »

danso wrote: post #7

Tangent: the article includes a chart titled "Unicorns Gored" with the caption, "Many of the highly valued young technology companies have not done well as public companies". It features 9 relatively recent tech IPOs, including Lyft, Dropbox, Spotify, and Snapchat. All of the companies have a negative delta in terms of initial stock price, from -47% to -2%, except for Pinterest, which is +77%. I actually had forgotte…

Ouch, HN showing off its gender bias I guess. Pinterest is also supposed to be popular with dads, so we must be showing off our age bias as well.

Re: WeWork IPO Shows It's the Most Magical Unicorn

#13

Post by wallawe »

danso wrote: post #7

Tangent: the article includes a chart titled "Unicorns Gored" with the caption, "Many of the highly valued young technology companies have not done well as public companies". It features 9 relatively recent tech IPOs, including Lyft, Dropbox, Spotify, and Snapchat. All of the companies have a negative delta in terms of initial stock price, from -47% to -2%, except for Pinterest, which is +77%. I actually had forgotte…

Maybe it could be attributed to the fact that the majority of HN users are male while the majority of Pinterest users are female. Interesting observation

Re: WeWork IPO Shows It's the Most Magical Unicorn

#14

Post by rolltiide »

wallawe wrote: post #13
danso wrote: post #7

Tangent: the article includes a chart titled "Unicorns Gored" with the caption, "Many of the highly valued young technology companies have not done well as public companies". It features 9 relatively recent tech IPOs, including Lyft, Dropbox, Spotify, and Snapchat. All of the companies have a negative delta in terms of initial stock price, from -47% to -2%, except for Pinterest, which is +77%. I actually had forgotte…

Maybe it could be attributed to the fact that the majority of HN users are male while the majority of Pinterest users are female. Interesting observation

also follows "meme stocks"

there aren't a lot of good traders here, but its an engineering blog

Re: WeWork IPO Shows It's the Most Magical Unicorn

#15

Post by microtherion »

danso wrote: post #7

Tangent: the article includes a chart titled "Unicorns Gored" with the caption, "Many of the highly valued young technology companies have not done well as public companies". It features 9 relatively recent tech IPOs, including Lyft, Dropbox, Spotify, and Snapchat. All of the companies have a negative delta in terms of initial stock price, from -47% to -2%, except for Pinterest, which is +77%. I actually had forgotte…

Another way in which Pinterest is an outlier in this list is that its user base skews heavily female (>80% according to one source: https://www.omnicoreagency.com/pinterest-statistics/). I wonder whether some "Moneyball Factor" could be at work, in that this led to it being underpriced for its potential.

Snapchat users also skew somewhat female, but they are also quite young compared to other sites, and "youth" may lead to it being highly priced.

[Being an old dude, I never use either of these]

Re: WeWork IPO Shows It's the Most Magical Unicorn

#16

Post by imbored »

I don't know much about it, but this seems a lot like a company that is mostly just meant to make the CEO rich no matter what with a good chance to see the vast majority get screwed.

Like how much money is still being funneled right into his pockets because he owns the places the company leases?

Re: WeWork IPO Shows It's the Most Magical Unicorn

#17

Post by losteric »

dougmwne wrote: post #12
danso wrote: post #7

Tangent: the article includes a chart titled "Unicorns Gored" with the caption, "Many of the highly valued young technology companies have not done well as public companies". It features 9 relatively recent tech IPOs, including Lyft, Dropbox, Spotify, and Snapchat. All of the companies have a negative delta in terms of initial stock price, from -47% to -2%, except for Pinterest, which is +77%. I actually had forgotte…

Ouch, HN showing off its gender bias I guess. Pinterest is also supposed to be popular with dads, so we must be showing off our age bias as well.

Maybe. Or, Pinterest is just a narrowly scoped and realistic product while this audience is more interested in pie in the sky ideas.

Re: WeWork IPO Shows It's the Most Magical Unicorn

#18

Post by rossdavidh »

dougmwne wrote: post #12
danso wrote: post #7

Tangent: the article includes a chart titled "Unicorns Gored" with the caption, "Many of the highly valued young technology companies have not done well as public companies". It features 9 relatively recent tech IPOs, including Lyft, Dropbox, Spotify, and Snapchat. All of the companies have a negative delta in terms of initial stock price, from -47% to -2%, except for Pinterest, which is +77%. I actually had forgotte…

Ouch, HN showing off its gender bias I guess. Pinterest is also supposed to be popular with dads, so we must be showing off our age bias as well.

Not this dad. My wife kept trying to get my 14-year old daughter interested, but so far she's not. I think, based on these three data points in my family, that I have pretty conclusive proof it's a not-quite-young-but-of-course-not-old-female demographic.
Post reply on HN