Earlier quoted context omitted.
TIL that George R R Martin wrote an unproduced "Xmas" script from the cancelled second season.
Holy moly, I don't know how I never knew about this. https://georgerrmartin.com/notablog/2017/03/30/max-headroom-... Mine was supposedly to be… hmmmmm, let me see now… the fourth episode of the series. My title was “Mister Meat.” Now, TV writing in those days was a two-step process: “story with option to teleplay,” they called it. You wrote a ‘story,’ a short plot outline with all the major beats and characters. Then…
WeWork has frittered away $46.7B in value as the stock sinks below ¢50
261–270 of 274 posts
Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50
#262Earlier quoted context omitted.
I'm in the US so I have no clue about other countries. Like I said in my post, the doctors visits while carrying the baby, the PVT due to stress and other factors, and the maternity/paternity leave (at companies I've worked they allow 6-9+ months maternity and 2-4 months for paternity). Companies know they will offer these leaves, but the in the lead up to that there is a lot of OOO and unrealized effort. There are p…
I think you're missing the obvious - paternity leave is expanding. It wasn't even a thing in the US when I started my career. The idea that the only reason artificial wombs are being investigated is "corporate greed wants workers to take less time off for pregnancy" is so far fetched it might just be the silliest conspiracy theory I've heard in awhile. The amount of money going into the design, research, regulatory h…
whatever makes you happy, making up whatever conclusion from what you read! FWIW I did not mention paternity/maternity in my post at all... 10/10 reading comp..
Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50
#263Earlier quoted context omitted.
Well, for their customers they are making the world a better place. Given there's no absolute standard for that, people wanting your product or service so much they'll pay you money for it is about the best measure we have.
This is a well-established and researched part of market failure. It involves the idea of negative externalities, like how a market for heroin creates a social cost that is borne by the general public. And you're right that a market transaction is the best measure of "good" that we have. To get some sense of "what society might pay" to limit or eliminate such a market, an analyst must resort to more difficult methods…
Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50
#264Earlier quoted context omitted.
Most businesses do not "make the world a better place". It was a mistake to ever believe that it's realistic that every business can do that and really only served the egos of those who have uttered those words. Most businesses are providing a service or a product, that thing may be useful, but there's a pretty high bar from that point to "making the world a better place".
Well, for their customers they are making the world a better place. Given there's no absolute standard for that, people wanting your product or service so much they'll pay you money for it is about the best measure we have.
for starters none of the companies mentioned did that themselves, train company didnt build infrastructure, supermarket didnt grow food, internet company didnt lay cable. Sure they provide some value I suppose in logistics or whatever but lets be real its not that hard given some capital. If they didn't someone else would gladly step in and do it instead, theres no world in which the customer is forced to actually go without.
You might say "but these are all distorted markets", and to that i'd say: they are pretty much the main points of interaction I and a lot of people have with the economy (and we can think of dozens more examples). If these are all exceptions, the market is one big exception.
I feel like making the world a better place requires a much greater standard than just "someone paid you for some resource/commodity you hoarded". I grant you sure, in a simplified model where there are countless competitors & perfect information available to all consumers, buisnesses would have to compete on providing good services, but thats not the world we live in.
It's frankly ridiculous that it's not enough reward to be richer than croesus, people want us to believe that they are moral because they got all that wealth.
Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50
#265WeWork wasn't materially differentiated from Regus. That should clue in any investor on how to approach it.
These days, there is likely a greater opportunity for "Airbnb-for-coworking" at scale due to layoffs and slack in commercial real-estate occupancy. The main issue is integrating compatible identification and access control to ease badging. There are very few environments or situations where anything crucially secret ever occurs, and a peer vouching system and background check process should be enough to screen "is this person sane and not going to disrespect or disrupt the space?".
Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50
#266Co-working could be a great place for people to meet people working on interesting ideas. If WeWork had focused on producing great collaborations, it really would have been a game changer.
"Collaboration" by forcing employees back into the office doesn't work either.
Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50
#267Earlier quoted context omitted.
The quoted price can and does move without transactions. The last-traded price does not.
How would the quoted price move without transactions? (And I realize we're bleeding over into market making dynamics here)
That could be me, for instance, putting a bid into the market because I read a hot tip on HN.
Or you may prefer to imagine an automated market-making model that moves its price for Ford because it just saw a big sell-off in GM.
Or consider prices at the open each day, which are set before any transactions take place.
Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50
#268Earlier quoted context omitted.
I think you're missing the obvious - paternity leave is expanding. It wasn't even a thing in the US when I started my career. The idea that the only reason artificial wombs are being investigated is "corporate greed wants workers to take less time off for pregnancy" is so far fetched it might just be the silliest conspiracy theory I've heard in awhile. The amount of money going into the design, research, regulatory h…
you're welcome! whatever makes you happy, making up whatever conclusion from what you read! FWIW I did not mention paternity/maternity in my post at all... 10/10 reading comp..
From your first post:
> In this case, their thinking is along the lines of how can they can get women to stay in the office longer while the kid bakes at homes. Maybe offer a short leave after it’s ready. But the economy grinds harder since the woman employee didn’t have to take time off for doctors visits or to recuperate post birth.
I argued that is an absurd justification, citing the rise of paternal leave (both availability and increased duration) as an example. I later argued that any PTO saved by not visiting the doctor would end up used as soon as the kid gets sick, needs someone to stay at home, etc.
To repeat myself, it will take an obscene amount of money to get an artificial womb to market. The payoff in doing so is certainly not going to be in the form of people taking less PTO.
Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50
#269Earlier quoted context omitted.
you're welcome! whatever makes you happy, making up whatever conclusion from what you read! FWIW I did not mention paternity/maternity in my post at all... 10/10 reading comp..
You claimed all health and other benefits to investing in artificial wombs are purely bad faith marketing gimmicks. The "real" reason is to keep employees in the office working. From your first post: > In this case, their thinking is along the lines of how can they can get women to stay in the office longer while the kid bakes at homes. Maybe offer a short leave after it’s ready. But the economy grinds harder since t…
The fact that someone literally said that, and was serious about it, was kind of f'd up to me. There are people like this everywhere, who think like this.
I don't personally think of "micro-optimizations" of people this way, code sure. That's probably why I'm could be a better entrepreneur lol.. This person probably thinks cool I save 1-2 weeks PTO per year x 1 million people is a lot of time saved.
Again, I am not talking about leaves, but rather the type of "vibe" that was given off by that statement.. I personally found that person's line of thinking objectionable and so I posted about it.
Re: WeWork has frittered away $46.7B in value as the stock sinks below ¢50
#270Earlier quoted context omitted.
In full transparency I didn’t do much analysis. At $5 it was trading at 1-2x revenue growing at 20% in a horrible market with a great operator. The issue is too maturities and running out of cash. Thank you for the note on the link, updated it.
Ah. What made WeWork a great operator?