WeWork Isn’t a Tech Company
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WeWork Isn’t a Tech Company
1–10 of 229 posts
Re: WeWork Isn’t a Tech Company
#2... and yet it will be valued as one. At this point it doesn't matter if anything really is tech or not. Rich people just want to park their money away from banks.
(As an aside, i think WeWork’s S1 has turned to a remarkable feat of marketing, making buzz around the company in cycles who are likely to be their customers)
Re: WeWork Isn’t a Tech Company
#3Correct. I thought it was in the real estate business.
Re: WeWork Isn’t a Tech Company
#4... and yet it will be valued as one. At this point it doesn't matter if anything really is tech or not. Rich people just want to park their money away from banks. (As an aside, i think WeWork’s S1 has turned to a remarkable feat of marketing, making buzz around the company in cycles who are likely to be their customers)
To me it seems even stockpiling coal might be a better use of that money...
Re: WeWork Isn’t a Tech Company
#5Very Interesting that the company that Supports Wework is in YC Summer batch [1]
> Narrator: Narrator is a full-service data team for startups of any size. The team behind Narrator built WeWork’s data infrastructure, and wants to target more startups as early customers. The company says they’re generating $91,000 per month with this business model, but they aren’t stopping there. Narrator wants to build as a cross-company universal standard for data and grow out this library of shared analyses. This strategy allows the company to repurpose the analyses they produce and offer it to new customers.
[1]https://techcrunch.com/2019/08/20/here-are-the-82-startups-t...
Re: WeWork Isn’t a Tech Company
#6Why would anybody claim it's a tech company? What kind of tech do they leverage to differentiate?
Re: WeWork Isn’t a Tech Company
#7... and yet it will be valued as one. At this point it doesn't matter if anything really is tech or not. Rich people just want to park their money away from banks. (As an aside, i think WeWork’s S1 has turned to a remarkable feat of marketing, making buzz around the company in cycles who are likely to be their customers)
Rich people who buy non-tech-company stock and tech-company valuations seem likely to become less rich over time.
An index fund might be a sounder investment.
Re: WeWork Isn’t a Tech Company
#8Might as well be a REIT, and as its books stand, its a crappy one. I wouldn't touch wework unless it had a dividend. What their CEO has done with inside dealing should be considered fraud to investors.
Re: WeWork Isn’t a Tech Company
#9... and yet it will be valued as one. At this point it doesn't matter if anything really is tech or not. Rich people just want to park their money away from banks. (As an aside, i think WeWork’s S1 has turned to a remarkable feat of marketing, making buzz around the company in cycles who are likely to be their customers)
Rich people who buy non-tech-company stock and tech-company valuations seem likely to become less rich over time. An index fund might be a sounder investment.
When the time is right, Adam will change the company voting structure and get WeWork put into the S&P 500. If all goes well, it will be at a $500b mkt cap, and everyone in VOO and SPY will be the ones paying that price.
Re: WeWork Isn’t a Tech Company
#10I like that WeWork is finally forcing us to have the conversation about WTF a "tech company" even is. A company that sells software? Or one that employs a lot of engineers? Or companies that use a lot of tech in their operations? Companies with a presence in San Francisco and Kombucha on tap? Are big banks tech companies? Insurance providers? Hospitals, auto manufacturers, oil and gas... What isn't a tech company?