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WeWork says will file to withdraw IPO

reuters.com

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Re: WeWork says will file to withdraw IPO

#371

Earlier quoted context omitted.

Maintaining internal frameworks, delivery pipelines, infrastructure, instrumentation and product roadmaps. Transitioning to new organizational structures. Internal hackathons and lunch ‘n learns. What am I forgetting?

Blog posts, conference talks, building at scale, open source contributions, core libs, platform, tools, dashboard migrations

Ping pong.

Re: WeWork says will file to withdraw IPO

#372
post #4

Incoming layoffs... between wework and uber the market will be "flooded" with talent. I wonder if having wework on your resume is a good or bad thing.

We should start a google sheet of startup ideas where ppl from this and all pools can say “I have talent that would work for that” and others can say “I’d fund that” Actually, we just need this in general...

[deleted]

Re: WeWork says will file to withdraw IPO

#373

I'm just impressed by how well the fallout has been predicted by Scott Galloway[0] and Matt Levine. Has been an incredible learning experience for me on the unicorn class in general. Looking forward to unicorn report for 2019 [1]. [0] https://www.profgalloway.com/wewtf-part-deux [1] https://corpgov.law.harvard.edu/2019/03/20/the-unicorn-ipo-r...

Galloway always predicts that every tech company is a bubble. Every now and then he's right.

most tech companies are bubbles or at least unrealistically over valued. its just that if you keep believing the myth long enough, it starts being true.

Re: WeWork says will file to withdraw IPO

#374

Earlier quoted context omitted.

I think there's a class of narcissist that doesn't really have knowledge and beliefs as much as they have desires and things to say that get them closer to their desires. This problem is fed by the fact that they surround themselves with yes men, who only benefit by feeding the beast, until the beast eats itself. It's called Michael Jackson Syndrome.

The show Silicon Valley had a great protrayal what surrounding yourself with yes-men can do to a person The best part: https://www.youtube.com/watch?v=XAeEpbtHDPw

Wow, that's really good. So nicely performed. Thanks for sharing that.

Re: WeWork says will file to withdraw IPO

#375

Earlier quoted context omitted.

> ..probably because he was never truly invested in/familiar with/cared that much about new technology and what people promise it can do. Where's the technology in WeWork?

We are current WeWork tenants. WeWork can’t even provide us an interface to manage and view who used WeWork credits in our org. We asked for a report and got a pdf after 2 days. Tech my foot. The printer software is an abomination.

I found the best way to print in Wework is to email the document to the reception and have them print it for me.

Re: WeWork says will file to withdraw IPO

#376
post #23
post #5

Earlier quoted context omitted.

Even simpler: it's fraud and they got caught. Hopefully it doesn't paint other great IPOs in a bad light.

In order for something to be fraud there has to be deception. This was never the case with WeWork.

Masquerading as a tech company is deception. Pumping up valuation is deception.

Re: WeWork says will file to withdraw IPO

#377

Earlier quoted context omitted.

From the article “For Galloway, the winner will be Macy’s, which has successfully gone online,” Macy’s Stock https://g.co/kgs/8KZ1Kj Prediction is a hard business.

Prediction is very difficult, especially if it's about the future. - Niels Bohr

I had previously heard this attributed to Yogi Berra, so I had to check. Apparently[1], it's an old Danish proverb.

[1]: https://quoteinvestigator.com/2013/10/20/no-predict/

Re: WeWork says will file to withdraw IPO

#378
post #335

I'm just curious about something ... do WeWork employees work in their co-working spaces? Or do they have their own office?

I recently interviewed with them. They have their own regularly leased office spaces like the rest of us.

There are full-remote companies too :)

Re: WeWork says will file to withdraw IPO

#379

Earlier quoted context omitted.

I thought companies walk away from leases all the time. Every restaurant you’ve ever eaten at the is no longer there probably bailed on a lease.

Bankruptcy is a different story than a company just deciding, "Nope, we don't want the lease anymore". And most restaurants are structured as an LLC and owned by the parent corporation (or just independently owned by individuals) who can shut down the business and not be on the hook for any debts that were not secured with a personal guarantee.

WeWork is structured the same afaik.

Re: WeWork says will file to withdraw IPO

#380
post #324

Earlier quoted context omitted.

Literally nothing in the first paragraph is true. For driver interaction, if it wasn't a push notification in the app then it would have been some sort of driver operations community tool like zendesk or similar. > It was like 25k people in a single room iirc. This never happened. I literally could not have happened. Uber ditched Hipchat when it was around 10k employees. The largest rooms I ever saw were outages or e…

Theres really no point litigating this 4 years later (who cares) but it did happen. Uber had bots of some type, thousands of them in a single room. They were the largest user of our v1 API, which was an ancient shitty PHP base, and whatever they were doing put an enormous load on our backend during peak traffic periods and crippled the entire service. Seeing this behavior was as easy as doing a join in mysql for user…

With that context, I believe you. At the same time, I'm going to go out on a limb and guess that no one at Uber realized this either.
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