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WeWork has frittered away $46.7B in value as the stock sinks below ¢50

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101–110 of 274 posts

Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50

#101

I’ve ridden this stock down almost all the way (came in at $5 then 2.50 then again at $0.50). I am a pretty bad investor in that my top criteria is to buy stocks that produce a good or service I love and then stick with them a long time. As an operator WeWork adds so much value to us as we staff up all over the world. I love being able to go into any city and have a fun energetic and aesthetically beautiful environme…

But surely now at .21…

Believe me… the thought has crossed my mind!

Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50

#103

It never had that much value, it just made it look like it did for long enough to get people to invest in it at vastly inflated prices. "Renting offices to work in" was never going to be a silicon valley style success, because it just can't scale that way.

It never had that much value but it has taken $22 billion of perfectly valuable money and set it on fire:

"WeWork has raised a total of $22.2B in funding over 23 rounds."

https://www.crunchbase.com/organization/wework/investor_fina...

Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50

#104

Earlier quoted context omitted.

Losing money doesn't destroy wealth. It just transfers it from one place to another.

If you buy a stock for 100 dollars, and due to a series of bad results which led to price adjustments, the stock is now worth 1 dollar, you lost 99 dollars. Nobody else picked up those 99 dollars. Asset depreciation is a fundamental concept that you should be familiar with, as it influences several aspects of your personal finance: https://www.investopedia.com/terms/d/depreciation.asp

In order for the stock "price" to move, somebody sold.

Stocks don't reprice without transactions.

Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50

#105

It never had that much value, it just made it look like it did for long enough to get people to invest in it at vastly inflated prices. "Renting offices to work in" was never going to be a silicon valley style success, because it just can't scale that way.

Explain why. It’s literally Uber for offices. It could’ve worked if managed right.

Yes, exactly like Uber.

"Mini-cab firm" is not a SV success story either.

Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50

#106

It never had that much value, it just made it look like it did for long enough to get people to invest in it at vastly inflated prices. "Renting offices to work in" was never going to be a silicon valley style success, because it just can't scale that way.

Explain why. It’s literally Uber for offices. It could’ve worked if managed right.

Uber isn't exactly financially viable, either.

Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50

#107

It never had that much value, it just made it look like it did for long enough to get people to invest in it at vastly inflated prices. "Renting offices to work in" was never going to be a silicon valley style success, because it just can't scale that way.

"Taxi services" was never going to be a silicon valley style success, because it just can't scale that way. "Food delivery services" was never going to be a silicon valley style success, because it just can't scale that way.

Yes, you are right on both of those.

Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50

#108
post #103

It never had that much value, it just made it look like it did for long enough to get people to invest in it at vastly inflated prices. "Renting offices to work in" was never going to be a silicon valley style success, because it just can't scale that way.

It never had that much value but it has taken $22 billion of perfectly valuable money and set it on fire: "WeWork has raised a total of $22.2B in funding over 23 rounds." https://www.crunchbase.com/organization/wework/investor_fina...

In fairness they must have spent at least $10B on truly amazing interior design and designers. At least, I hope so. In earnest, I've never seen a bad WeWork interior, and I'm glad those folks got the work.

Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50

#109
post #104

Earlier quoted context omitted.

If you buy a stock for 100 dollars, and due to a series of bad results which led to price adjustments, the stock is now worth 1 dollar, you lost 99 dollars. Nobody else picked up those 99 dollars. Asset depreciation is a fundamental concept that you should be familiar with, as it influences several aspects of your personal finance: https://www.investopedia.com/terms/d/depreciation.asp

In order for the stock "price" to move, somebody sold. Stocks don't reprice without transactions.

The quoted price can and does move without transactions. The last-traded price does not.

Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50

#110

Earlier quoted context omitted.

Twitter and YouTube don’t make profits, yet are still wildly successful. With a high enough amounts of hype, stock price, and money, a company can stave off reality in seeming perpetuity.

Wasn't Twitter mostly profitable, except for some hugebsttlement with the FCC (?)? Until recently that is.

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