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

Re: WeWork parent pulls IPO following pushback: sources

#121

Post by rolltiide » Tue, Sep 17, 2019, 5:29 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…

> I spent a little bit of time figuring it out

And yeah I dont want to do that! :)

I’m glad Blue Apron and other services are like “hey thats a valid perspective and is underserved” instead of being dismissive

Re: WeWork parent pulls IPO following pushback: sources

#122

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

volkadav wrote: post #117

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

Do they still make Aeron chairs ???.

Re: WeWork parent pulls IPO following pushback: sources

#123

Post by nabla9 » Tue, Sep 17, 2019, 5:31 AM UTC

hendzen wrote: post #45

RIP Softbank Vision Fund 2.0

Delaying IPO buys some time for Sofbank. IPO with low valuation forces huge write-down for SoftBank. Now they can still pretend.

I suspect that SoftBank & Saudi money will be the biggest casualty of current tech boom. They just throw money around.

Re: WeWork parent pulls IPO following pushback: sources

#124

Post by [deleted] » Tue, Sep 17, 2019, 5:32 AM UTC

ginkgotree wrote: post #13

We Co isn't a tech company. Its a landlord subleasing commercial realestate as short term month to month leases with snazzy furniture. They happen to have a mobile app. Its functionality is so poor they removed the pay snack bar in my SF WeWork because no one could pay through the app. CloudFlare... Now there's a proper tech company.

[deleted]

Re: WeWork parent pulls IPO following pushback: sources

#125

Post by foldingmoney » Tue, Sep 17, 2019, 5:39 AM UTC

manigandham wrote: post #106

foldingmoney wrote: post #95

Earlier quoted context omitted.

Google trends is probably not a good way to assess Pinterest. Want to browse Pinterest? Open the app. Want to get Pinterest? Go to the App Store. Heard someone say 'pinterest' but don't know what it means? Search google. Your link is only showing that last one.

Google Trends takes advantage of the Google knowledge graph for deeper understanding of entities and companies. This is showing "Pinterest the social network" not just "Pinterest the search term". You can toggle with the menu at the top.

>This is showing "Pinterest the social network" not just "Pinterest the search term"

I believe this is just a broader result set that includes searches for anything that Google deems to be related to 'Pinterest the social network'.

Google doesn't have access to internal Pinterest metrics.

Re: WeWork parent pulls IPO following pushback: sources

#126

Post by jsf01 » Tue, Sep 17, 2019, 5:41 AM UTC

autokad wrote: post #30

tempsy wrote: post #23

As someone living in SF, I don’t think anyone in SF or SV would ever consider WeWork to be a “Silicon Valley” company in the same way that Uber or Twitter or Slack is. The company has 0 tech brand among employees (how many ex-FB or ex-Google engineers work there?) and outside of Benchmark’s early round none of the VCs are SV-based. Point is the media is making this out to be an indictment on some SV tech bubble but p…

> "Point is the media is making this out to be an indictment on some SV tech bubble" Its not the media, I think its just true. Had WeWork IPO'ed under the same conditions a year ago, I think it would have been 'fine'. but the glut of SV unicorns losing money, hating investors, and slowing growth has got people highly concerned. This list of companies (slack, lyft, Uber, Pinterest, beyond meat, crowdstrike, tesla, spo…

>negative revenue

How is that even possible?

Re: WeWork parent pulls IPO following pushback: sources

#127

Post by hobofan » Tue, Sep 17, 2019, 5:48 AM UTC

tempsy wrote: post #23

As someone living in SF, I don’t think anyone in SF or SV would ever consider WeWork to be a “Silicon Valley” company in the same way that Uber or Twitter or Slack is. The company has 0 tech brand among employees (how many ex-FB or ex-Google engineers work there?) and outside of Benchmark’s early round none of the VCs are SV-based. Point is the media is making this out to be an indictment on some SV tech bubble but p…

> Point is the media is making this out to be an indictment on some SV tech bubble

It is (too some degree) an indictment on the Softbank and/or blitzscaling strategy that a lot of SV startups follow.

Re: WeWork parent pulls IPO following pushback: sources

#128

Post by asdff » Tue, Sep 17, 2019, 5:52 AM UTC

codyb wrote: post #39

nugget wrote: post #14

Is it true that WeWork is now the largest single lessee of commercial real estate in the US? Seems like a bad bankruptcy could have some broad ripple effects.

Hmm. Despite that there still a very small percent of all office space. I see 26 locations in NYC, I’m sure I’m missing a few so say 30. Even if all those offices were the whole building (I think many (most) are just a subset of the floors that’s not much for the entire city. Although it’d be interesting for all the people working in them, I wonder how that’d work out.

If wework folds, owners of the buildings might just market leases to the existing tenants

Re: WeWork parent pulls IPO following pushback: sources

#129

Post by wolco » Tue, Sep 17, 2019, 5:52 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…

I honestly feel those numbers are correct.

Remember when everyone was sharing youtube videos. Or when you would sit and endless watch. I feel like that faded about 45%.

Google dropping makes sense. I visit less sites and the search results are not that great for discovery. Most sites I visit by typing a letter in the browser and auto completing.

Facebooks earnings raising 20% makes sense as more people are advertising on it. I notice 71% less people less original activity.. photos/status updates more groups/ads filling the gap. I spent 71% less time on and reduced my daily visits.

We're always chasing yesterday's tail. I bet twitter's numbers are down.

Re: WeWork parent pulls IPO following pushback: sources

#130

Post by avemuri » Tue, Sep 17, 2019, 5:57 AM UTC

pvarangot wrote: post #66

nugget wrote: post #14

Is it true that WeWork is now the largest single lessee of commercial real estate in the US? Seems like a bad bankruptcy could have some broad ripple effects.

Well people are actually using the offices so prices will go down if they backrupt but they'll catch up. It would feel like an adjustment and not a bubble bursting.

People are using their offices on large discounts