WeWork’s Adam Neumann Steps Down as CEO

Post by aaronbrethorst » Tue, Sep 24, 2019, 5:56 PM UTC

metalliqaz wrote: post #92

cgearhart wrote: post #56

I had concerns earlier this year when I interviewed at WeWork—which was the worst interview experience I’ve ever had. I applied for a data science role. The first two hours of the on-site were painful—they seemed to be asking questions tailored to be outside my experience. The third interviewer came into the room and said, “I, uh, just looked at your resume and I have to ask, why do you want to be a backend engineer?…

WeWork is basically a real estate company. Why would they need a data science engineer?

Post by shoo » Tue, Sep 24, 2019, 5:56 PM UTC

WrtCdEvrydy wrote: post #86

rainyMammoth wrote: post #78

Earlier quoted context omitted.

I had a similar comical situation with Uber a couple months ago. I was arguing that the offer they gave me was a paycut compared to my current position. The recruiter explained to me that I should value the stocks not on the latest valuation but on the 100% certain 250B$ valuation on IPO day. Unfortunately recruiters get a bonus when you sign and are not accountable for anything down the line. They have all the incen…

> I should value the stocks I only accept sign on bonuses, keep your stock, it's worth a lot... right?

Post by somebodythere » Tue, Sep 24, 2019, 5:57 PM UTC

onlyrealcuzzo wrote: post #26

rahkiin wrote: post #5

And what about the buildings he leases to We? Or what about his wife?

I'm interested about the buildings. A lot of people bullish on WeWork say -- "Oh, they'll just walk away from the leases. Each lease is owned by a different subsidiary. That subsidiary will just file bankruptcy. Problem solved. They'll just cut the losers, and turn up the dial on the profitable buildings." Adam got a $750M loan from WeWork, right? I'm assuming he used that loan to secure more loans to buy the buildin…

Post by vkou » Tue, Sep 24, 2019, 5:57 PM UTC

_edo wrote: post #73

hinkley wrote: post #39

Earlier quoted context omitted.

There's a theory that there is no way to become a billionaire without fucking over a lot of people. To become a trillionaire you'd have to fuck over 1000 times as many people. Without getting lynched.

Or you could serve a lot of people, it's probably easier. Sell something for $10 that's worth $12 to the buyer and costs you $8 to make. Repeat a billion times. The people you did business with got an extra $2 billion, you got $2 billion, everybody's better off.

Post by chrshawkes » Tue, Sep 24, 2019, 5:58 PM UTC

noego wrote: post #69

jiveturkey wrote: post #57

> recruiter working very hard to convince me I'd be rich when they IPO recruiters still do that? so unethical.

I had a unicorn's VP-operations try to convince me that my job-offer isn't below market - I should be valuing their stock at 10-100x the valuation used in their most recent round (a few months ago), because this company is sure to become the next big thing.