Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

WeWork parent pulls IPO following pushback: sources

reuters.com

Post reply on HN
Print view View original

171–180 of 347 posts

Re: WeWork parent pulls IPO following pushback: sources

#171

Post by trumbitta2 »

bakuninsbart wrote: post #162
ummonk wrote: post #44

Earlier quoted context omitted.

Some of those (e.g. Slack) are growing phenomenally fast though, and could become profitable quite easily. Others (e.g. Uber and Lyft) have a questionable business model. Edit: wow I didn't realize Slack had such a large market cap. That is a LOT of growth priced in, probably more than is justified.

While this is true, I seem to miss what makes Slack special. We use it at work, and it is decent at what it provides, but we could probably just as well switch to Discord, Microsoft Teams or ICQ. Microsoft Teams especially seems like a deliberate attempt to dethrone Slack, and while it is slightly more annoying to use, it just makes sense for companies to bundle their services and subsciptions. I do not really see a…

I don't think you can post syntax highlighted code snippets, or do automations with ICQ.

Re: WeWork parent pulls IPO following pushback: sources

#172

Post by buboard »

ummonk wrote: post #44
autokad wrote: post #30

Earlier quoted context omitted.

> "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…

Some of those (e.g. Slack) are growing phenomenally fast though, and could become profitable quite easily. Others (e.g. Uber and Lyft) have a questionable business model. Edit: wow I didn't realize Slack had such a large market cap. That is a LOT of growth priced in, probably more than is justified.

> and could become profitable quite easily

That's easy to say and hard to do, especially when u have to justify a very public valuation

Re: WeWork parent pulls IPO following pushback: sources

#173

Post by Tepix »

human20190310 wrote: post #71
urs2102 wrote: post #4

Earlier quoted context omitted.

Additionally, I think this is great to think about as far as the entire story of IPOing a big tech company in 2019. You start with the story the bankers sell you. They all want to tell you you're going to be bigger than you ever thought possible, because, well... those fees are awfully nice. "We're going to IPO you at 20% of $PREVIOUS_VALUATION" The counter-argument was, well, "We don't think you're worth that much,…

> you're probably worth only $20B This is something I don't get. Pretty much all of these businesses are aiming at dominance on some sector. They entered into the game with the understanding that it's all or nothing. If they don't achieve that dominance, or if the sector itself turns out to be less than worthwhile, isn't it more likely that these companies are worth essentially zero, rather than some percentage of th…

Why would a coworking space real estate company need to achieve dominance?

Re: WeWork parent pulls IPO following pushback: sources

#174

Post by benj111 »

szggzs27 wrote: post #166
benj111 wrote: post #152

Earlier quoted context omitted.

Ah, but it has/had a tech company valuation. Why do you think valuations varied so wildly? You get the same thing with Tesla, it's valued more as a tech company than as car company.

Clearly it does not have a tech company valuation, hence they pulled the IPO. You can't put a horn on a dog and call it a unicorn.

I said 'has/had'. Anyway reread the linked article, the IPO is back on.

Re: WeWork parent pulls IPO following pushback: sources

#175

Post by buboard »

victor106 wrote: post #77

> The WeWork brand is strongly tied to Neumann, a freewheeling 40-year-old Israeli-born entrepreneur who has said that We Company’s mission is “to elevate the world’s consciousness”. "Elevate the world's consciousness" --> Dont mean to be negative but what the hell does that even mean? Imagine your landlord told you that. Been following this story closely and Adam Neumann is such a crook, from the outset he just want…

> "Elevate the world's consciousness"

My guess is "building more floors"

Re: WeWork parent pulls IPO following pushback: sources

#176

Post by xiphias2 »

benj111 wrote: post #152
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.

Ah, but it has/had a tech company valuation. Why do you think valuations varied so wildly? You get the same thing with Tesla, it's valued more as a tech company than as car company.

The biggest difference between car companies and tech companies is return on invested capital.

According to that Tesla is somewhere inbetween a tech company and car company. Also it's the only car company that used software to substantially improve the performance of the car using software after selling it.

Re: WeWork parent pulls IPO following pushback: sources

#178

Post by ulfw »

benj111 wrote: post #156
edoceo wrote: post #112

Earlier quoted context omitted.

Raspberry Pi + CUPS. Can I have some billions now?

You need to dress it up a bit, like this: Rpicup.com, the global leader in non augmented reality solutions, leveraging modern technologies to anticipate trends in the digital/reality interface. Rpicup brings printing, or as we like to say rpinting(tm) in to the 21st century. Rpicups: Print your way to world peace. Edit: I am of course available for consulting work, and to ensure my neutrality in such matters will onl…

Has Softbank rung you up yet?

Re: WeWork parent pulls IPO following pushback: sources

#179

Post by alexis_fr »

asdff wrote: post #128
codyb wrote: post #39

Earlier quoted context omitted.

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

I should create a business to facilitate the transition from WeWork to leases, for the landlords. In 2 months I’ll be an intermediary worth... about 2bn.

I’m joking, I’m sure the CEO already has a reversion clause in the lease contracts, that leases should fall in the hands of his 3rd company in case of WeWork bankruptcy.

Re: WeWork parent pulls IPO following pushback: sources

#180

Post by sobani »

lstamour wrote: post #139
JohnJamesRambo wrote: post #98

Earlier quoted context omitted.

Zip Recruiter, until they fail also. I honestly use the ads in my podcasts as a way to know what companies not to invest in. Anyone want a used Quip toothbrush or some Me Undies?

Good thing you didn’t buy an Audible subscription, or use an Epson printer, FreshBooks invoicing, LastPass. Other podcast ads I’ve heard are for AmEx, Deloitte, LinkedIn, various conferences and educational institutions, and more. I agree that certain names always show up, but I’ve also been quite surprised over the years by who’s enlightened enough to advertise in podcasts. I’ll admit, though, I never did buy that H…

One advertisement I've heard a few times is the "Drive sober or get pulled over" campaign from the NHTSA.

But to JohnJamesRambo's credit, there are a lot of people who don't 'invest' in the US government either.

Post reply on HN