Live data from Hacker News

WeWork’s Adam Neumann Steps Down as CEO

wsj.com

521–530 of 551 posts

Re: WeWork’s Adam Neumann Steps Down as CEO

#521
post #358

Earlier quoted context omitted.

Ya, I can't imagine that is really a draw at all. If you travel a lot, you will have an office in your hotel room or can use the business center in the hotel.

It would be more impressive to meet a client at a WeWork office.

If you're travelling you're probably meeting the client at their office.

Re: WeWork’s Adam Neumann Steps Down as CEO

#522
post #341
post #314

Earlier quoted context omitted.

Weird hypothesis, but is what WeWork brings to the table that Regus doesn't is Silicon Valley brand recognition? Not that I'm in the market for office space, but I haven't heard about Regus until this comment.

Honestly as a programmer they have a name and reputation for providing nice offices that I can rely on. I recently agreed to take a job halfway around the world (interviewing via video chat), and when they asked if I had any questions about the office I was able to say "no, it's a WeWork and that's good enough for me". Surely that's got to be valuable to that tenant company.

> "no, it's a WeWork and that's good enough for me". Surely that's got to be valuable to that tenant company.

Probably, but that knife does cut both ways. I know a number of people (including myself) who wouldn't be willing to use a WeWork facility again.

Re: WeWork’s Adam Neumann Steps Down as CEO

#523

Earlier quoted context omitted.

Hacker News helped me decide to never work for WeWork by prominently featuring this[1] article on the front page [1] https://time.com/5338287/wework-meat-vegetarian-company-envi...

That's actually a good thing. Meat is bad for the environment, your health, and it goes without saying - the animals.

You're being ridiculous. We're literally evolved to eat meat.

_Excess_ is bad for your health (such as drinking 1 liter of vegan olive oil).

Re: WeWork’s Adam Neumann Steps Down as CEO

#524
post #272

Earlier quoted context omitted.

> What's the upside of having a giant corporation owning all coworking spaces, versus having many small and independent small businesses running and operating independent coworking spaces? Advantage to customers? Likely minimal. Advantage to the company itself: economies of scale and, likely more importantly, lack of competition allowing them to increase prices. The very clear trend across all sectors is that compani…

The advantage to me with Spaces (which I believe is owned by Regus) is that I can do guest co-working in any city they happen to be present - and since I travel extensively, the bigger the network the better, as far as I'm concerned. Sadly WeWork do not appear to offer this option (or didn't last time I looked).

I was looking for that option too as I plan to travel for some time while working remotely and all I found is https://copass.org/plans but didn't tried it yet.

Is someone can write more about it it would be nice.

Re: WeWork’s Adam Neumann Steps Down as CEO

#525

Earlier quoted context omitted.

There was another good segment on it today. From "WeKeepGoingWithThisHuh"[0] >...Or I guess maybe the IPO bankers leaked it because they want Neumann gone, to make the IPO easier, and want to commit Son to it by leaking. Or because they love messy drama maybe? It’s not their company. The even funnier part of the segment is when he gets into what some of the banks actually put out as a reasonable IPO valuation. >...JP…

At what point do these deranged estimates start damaging the credibility of the estimators?

If they are the ones bringing in the money, funneling funds into an IPO, or straight backing the IPO, it's on them.

Re: WeWork’s Adam Neumann Steps Down as CEO

#526
post #73
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.

To paraphrase what others said: that’s a great way to become a multimillionaire, but to get to a billion you have to step on a lot of toes. I think Bill Gates observed that your quality of life doesn’t really change after about 50 million. Even with inflation, by the time that’s a billion, billionaire won’t be what people target. Hell, 40 years ago people dreamed of being millionaires. Inflation adjusted that’s only 3 million now.

If you were really that philanthropic, why would you carve out a billion from that revenue stream instead of giving back, or investing it in better equipment or people?

Re: WeWork’s Adam Neumann Steps Down as CEO

#527

I'm so glad I read hacker news. I almost took a job at WeWork just 2 months ago with a recruiter working very hard to convince me I'd be rich when they IPO. Now I'm at a much smaller startup called Weave which is a really phenomenal place to work. I didn't discover until recently that it's also a YCombinator company. edit: to clarify, hacker news has been extremely skeptical of WeWork for some time, due to this, I wa…

I must say, I am jealous. It seems a bit unfair to me how computer engineers are getting hired and paid so well, while my economics degree is useless and I have to fight like crazy to get a job that pays WAY less than engineers get. Honestly, I studied economics because I wanted a job that pays well - that was one of the key criteria - and now I am standing with little money and a job I hate. It sucks.

Why be jealous when you could just learn software engineering? I also majored in econ, and now work as a sort of hybrid SDE/Data scientist. I mean it's not easy to learn, but it's better than being bitter.

Re: WeWork’s Adam Neumann Steps Down as CEO

#528

Earlier quoted context omitted.

Hackernews is skeptical of many things though, sometimes hard to filter through the noise.

The key is to look at evidence. Ignore drive by commenters who make a negative post with nothing to back it up. Theranos and WeWork are two great examples of companies hated by HN because there's evidence supporting negative opinions.

It's interesting, a while back I searched early HN comments about Theranos' announcement and they were mostly glowing and positive.

Edit: here's the thread - not 100% positive but close: https://news.ycombinator.com/item?id=6349349

Re: WeWork’s Adam Neumann Steps Down as CEO

#529
post #341

Earlier quoted context omitted.

Honestly as a programmer they have a name and reputation for providing nice offices that I can rely on. I recently agreed to take a job halfway around the world (interviewing via video chat), and when they asked if I had any questions about the office I was able to say "no, it's a WeWork and that's good enough for me". Surely that's got to be valuable to that tenant company.

> "no, it's a WeWork and that's good enough for me". Surely that's got to be valuable to that tenant company. Probably, but that knife does cut both ways. I know a number of people (including myself) who wouldn't be willing to use a WeWork facility again.

Oh, interesting. Anything in particular I should be watching out for? (Though I've taken the job so I'm committed for now)

Re: WeWork’s Adam Neumann Steps Down as CEO

#530

I'm so glad I read hacker news. I almost took a job at WeWork just 2 months ago with a recruiter working very hard to convince me I'd be rich when they IPO. Now I'm at a much smaller startup called Weave which is a really phenomenal place to work. I didn't discover until recently that it's also a YCombinator company. edit: to clarify, hacker news has been extremely skeptical of WeWork for some time, due to this, I wa…

I must say, I am jealous. It seems a bit unfair to me how computer engineers are getting hired and paid so well, while my economics degree is useless and I have to fight like crazy to get a job that pays WAY less than engineers get. Honestly, I studied economics because I wanted a job that pays well - that was one of the key criteria - and now I am standing with little money and a job I hate. It sucks.

Your not the only one. MBA majors have it just as hard if not harder.

For the majority of professional jobs out there, there's a vast oversupply of labor, and thus the unemployment rate for professionals is much higher than the overall unemployment rate would suggest.

Software engineering is one of the few areas where there some semblance of balance between supply and demand. But, this too will eventually go away. There's nothing that's stopping the supply of Software engineers from growing. Indeed, the Stack overflow surveys suggest there's a huge wave of junior SEs joining the industry. I predict in 15 years, SEs will be in such high oversupply that they will no longer have an advantage in the market place.

Post reply on HN