WeWork parent pulls IPO following pushback: sources • Hacker News Board

Re: WeWork parent pulls IPO following pushback: sources

#111

Post by dangxiaopin » Tue, Sep 17, 2019, 5:11 AM UTC

Deimorz wrote: post #107

dangxiaopin wrote: post #105

Earlier quoted context omitted.

Yet Google Trends exactly reflects (exhibits?) Google Play data of our app that has 37 million registered users.

And for "Facebook", Google Trends shows a 71% drop worldwide over the last 5 years. Their Q2 2019 earnings showed a 20% worldwide growth in monthly users over the last two years alone. "YouTube" shows a 45% drop over 5 years. "Google" itself shows a 60% drop over 5 years. Google Trends can't reliably tell you anything useful about a site's growth or activity. I'm not denying it correlates with your specific app, but…

And how do you know this is all wrong? At least I get to look at our app internal analytics and compare. Do you have access to their internal analytics? Also contrast this to https://trends.google.com/trends/explore?date=today%205-y&ge... . Instagram is 9 years old

Re: WeWork parent pulls IPO following pushback: sources

#112

Post by edoceo » Tue, Sep 17, 2019, 5:13 AM UTC

bwilliams18 wrote: post #49

miguelmota wrote: post #48

WeWork is a real estate company and not a software company. They don't have any worthy propriety tech and their business model is collecting rent. How they were once valued at 47 billion just straight up doesn't make any sense.

And the tech they do have is crappy, error prone, and inconsistent. If they could figure out how to do printing without PCClient, now that would be a business worth 47B all on it's own...

Raspberry Pi + CUPS.

Can I have some billions now?

Re: WeWork parent pulls IPO following pushback: sources

#113

Post by kgwgk » Tue, Sep 17, 2019, 5:15 AM UTC

mmaunder wrote: post #94

dangxiaopin wrote: post #87

Earlier quoted context omitted.

I can only interpret that they are talking about logged in users with accounts. The users were logged out during the pre-IPO and that resulted in some double counting in their second post IPO 10-Q. I was researching this because I asked myself a general question: "Why is the stock price of non dividend paying companies correlated to the performance at all?"

Ah. Amazon is a good case study for you. Didn't pay dividends for a decade or more. Reinvested everything. Pissed off analysts. And killed it. In that world as long as you can keep delivering growth, you're good. Miss once and you're toast.

> Didn't pay dividends for a decade or more.

Amazon has never paid a dividend.

Re: WeWork parent pulls IPO following pushback: sources

#114

Post by nabla9 » Tue, Sep 17, 2019, 5:22 AM UTC

loeg wrote: post #97

The Matt Levine saga on this for the past week or so has been fantastic. If you're vaguely interested in corporate / bank finance, I'd encourage subscribing to his newsletter. It's free.

> WeWork Co., is a clever financial engineering company that has managed to tell an appealing fast-growing-tech-company story to equity investors while also telling an appealing stable-real-estate-company story to lenders, but I must say that I am stumped by this:

https://www.bloomberg.com/opinion/articles/2019-09-06/people...

Re: WeWork parent pulls IPO following pushback: sources

#115

Post by thrower123 » Tue, Sep 17, 2019, 5:24 AM UTC

hendzen wrote: post #45

RIP Softbank Vision Fund 2.0

Feels like the hinky stuff going on in the Gulf ought to be a bigger part of some of these stories than it is. The flood of oil money seeking something, anything, to be spent on seems to be drying up a bit.

Re: WeWork parent pulls IPO following pushback: sources

#116

Post by dangxiaopin » Tue, Sep 17, 2019, 5:25 AM UTC

pcurve wrote: post #91

dangxiaopin wrote: post #53

Earlier quoted context omitted.

Pinterest is next https://trends.google.com/trends/explore?date=today%205-y&ge...

Their finance doesn't look bad. Revenue trended up. Flush with cash. Making money. The 5 year chart look bad, but they've stabilized in the past couple years and it looks like they've found way to actually remain profitable.

I'd think that at P/E of 65 you'd expect some future growth?

Re: WeWork parent pulls IPO following pushback: sources

#117

Post by volkadav » Tue, Sep 17, 2019, 5:25 AM UTC

Any wagers on the price of fancy, used office chairs in 6-12 months? :)

#dotbombveteran

Re: WeWork parent pulls IPO following pushback: sources

#118

Post by weworksmb » Tue, Sep 17, 2019, 5:26 AM UTC

> This target is tied to a $6 billion credit line We Company secured from banks last month, that calls for an IPO to take place by the end of the year and raise at least $3 billion, one of the sources said.

> Were the New York-based company to fail to meet this target by the end of the year, it would need to secure alternative funding.

Does this mean, its now a ticking time bomb?

Re: WeWork parent pulls IPO following pushback: sources

#119

Post by Svip » Tue, Sep 17, 2019, 5:27 AM UTC

rosybox wrote: post #85

abvdasker wrote: post #61

Earlier quoted context omitted.

I actually still use Blue Apron. It's not that much more expensive than grocery shopping (I live in New York so groceries are expensive) and you never end up with wasted food. The recipes are generally very quick to make and far better than anything I could make on my own in a comparable amount of time. While the business may not have worked out so well their service is still pretty good.

Blue Apron just seems so unnecessary. You still have to do all the work! Just go to the grocery store and buy stuff there? You can get recipes online for free. I do all my shopping on Saturday at Trader Joe's and spend very little for lots of food which I then cook. There's so much wasted materials and trash with Blue Apron. I don't get it, but then I don't have any trouble cooking for myself and my family. I didn't…

It's the same reason, I sometimes still like to watch classic television; rather than choosing specific programmes to watch, I want them curated for me. And while television channels offer a mediocre experience on average, watching something I wouldn't have picked myself is a way to expand my horizons.

In the same vein, Blue Apron and Hello Fresh, I'd imagine, are there to expand your horizons in terms of culinary options. If it's just me going to the grocery store, then I'll just get for any old recipe I know.

They both remind me of a Danish company, Aarstiderne, which has been around since 1999, where the sales pitch is fresh organic vegetables with curated recipes by chefs every week. Particularly in 1999, when organic vegetables were harder to come by - even in Denmark, it made a lot of sense. Now they have so many different subscription choices (that offer different kinds of culinary experiences), that it's akin to picking the channel on television, but letting the programmers pick the programmes.

That's the appealing thing to me, it's actually less the convenience.

Re: WeWork parent pulls IPO following pushback: sources

#120

Post by wolco » Tue, Sep 17, 2019, 5:29 AM UTC

csallen wrote: post #99

rosybox wrote: post #85

Earlier quoted context omitted.

Blue Apron just seems so unnecessary. You still have to do all the work! Just go to the grocery store and buy stuff there? You can get recipes online for free. I do all my shopping on Saturday at Trader Joe's and spend very little for lots of food which I then cook. There's so much wasted materials and trash with Blue Apron. I don't get it, but then I don't have any trouble cooking for myself and my family. I didn't…

With services like Blue Apron and HelloFresh, you're paying for convenience. Perhaps you don't want to go to the grocery store, look up recipes, etc.

It's a valid first choice. Once you order and see what you get and understand how it's made reordering would be a challenge. The problem is the product teaches you how you don't need the product.