[edit: deleting comment]
>Mr. Neumann also will receive a $185 million consulting fee
LOL, that's they type of "consulting fee" I need
WeWork Accepts SoftBank Takeover Offer
21–30 of 67 posts
Re: WeWork Accepts SoftBank Takeover Offer
#22I'm confused as to why this is so terrible. He created a very valuable company, worth billions of dollars. It makes sense that he should capture some large fraction of that wealth. Yes, some people will lose their jobs. But it's worth noting that those jobs wouldn't have existed in the first place if he hadn't started the company. His mismanagement has cost him and Softbank billions, which is appropriate as well. I s…
He didn’t create a very valuable company. It’s deeply in the red (the opposite of what you are claiming).
Those people could’ve had better career paths without having to bail from WeWork. Other jobs did exist due to record unemployment numbers.
That is why it is terrible. It’s a waste of an opportunity given to a guy who is a human shaped locust.
Re: WeWork Accepts SoftBank Takeover Offer
#23What I don't understand is why Softbank didn't just buy the bonds and take control of the company during a restructuring. Would've been much cheaper, no need to pay Neumann anything.
Re: WeWork Accepts SoftBank Takeover Offer
#24I'm confused as to why this is so terrible. He created a very valuable company, worth billions of dollars. It makes sense that he should capture some large fraction of that wealth. Yes, some people will lose their jobs. But it's worth noting that those jobs wouldn't have existed in the first place if he hadn't started the company. His mismanagement has cost him and Softbank billions, which is appropriate as well. I s…
If it’s holding real assets, the value is in the assets. Overpaying someone that cobbled them together is pretty ridiculous. I expect investor lawsuits.
Re: WeWork Accepts SoftBank Takeover Offer
#25I'm confused as to why this is so terrible. He created a very valuable company, worth billions of dollars. It makes sense that he should capture some large fraction of that wealth. Yes, some people will lose their jobs. But it's worth noting that those jobs wouldn't have existed in the first place if he hadn't started the company. His mismanagement has cost him and Softbank billions, which is appropriate as well. I s…
What real value did he create? he created a smoke and mirrors show that seemed to imply value, which quickly evaporated once an S-1 was produced, opening up the valuation to some external scrutiny.
Re: WeWork Accepts SoftBank Takeover Offer
#26Earlier quoted context omitted.
Well, he did spend 12 billion dollars building a 8 billion dollar company, so surely, he deserves some reward for his efforts..?
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I strongly dislike WeWork, even may have issues with its fundamental business model, but it's difficult for me to understand how someone could label it as a failure. WeWork is not Theranos: they have a product offering that works well for a lot of businesses.
Re: WeWork Accepts SoftBank Takeover Offer
#27I'm confused as to why this is so terrible. He created a very valuable company, worth billions of dollars. It makes sense that he should capture some large fraction of that wealth. Yes, some people will lose their jobs. But it's worth noting that those jobs wouldn't have existed in the first place if he hadn't started the company. His mismanagement has cost him and Softbank billions, which is appropriate as well. I s…
>He created a very valuable company, worth billions of dollars he created something that may very well lose its investors billions of dollars without ever turning a dime of profit. What the company is evaluated as on paper by people increasingly disconnected from reality isn't really meaningful. I'm not really sure what the market function or social function is of rewarding people with billions of dollars who create…
Perhaps I'm just not seeing any real victims here.
Softbank and the Saudis wanted to roll the dice on some overpriced unicorns. They went into the deal with eyes open. And it looks like they're taking a massive haircut. Play stupid games...
I do feel sorry for some WeWork employees that will lose their jobs. But, again, many of them joined hoping to get some upside when the company went public -- which was a gamble that didn't pan out. Thankfully it's a good time to be on the job market.
Re: WeWork Accepts SoftBank Takeover Offer
#28I'm confused as to why this is so terrible. He created a very valuable company, worth billions of dollars. It makes sense that he should capture some large fraction of that wealth. Yes, some people will lose their jobs. But it's worth noting that those jobs wouldn't have existed in the first place if he hadn't started the company. His mismanagement has cost him and Softbank billions, which is appropriate as well. I s…
We work took more than $12 billion in funding and is now worth around $8 billion. I could create a more valuable company by taking the $12 billion in investment and putting it into a vault. Then I'd still have ~$4 billion left over for lavish parties celebrating my success.
Re: WeWork Accepts SoftBank Takeover Offer
#29I'm confused as to why this is so terrible. He created a very valuable company, worth billions of dollars. It makes sense that he should capture some large fraction of that wealth. Yes, some people will lose their jobs. But it's worth noting that those jobs wouldn't have existed in the first place if he hadn't started the company. His mismanagement has cost him and Softbank billions, which is appropriate as well. I s…
>He created a very valuable company, worth billions of dollars he created something that may very well lose its investors billions of dollars without ever turning a dime of profit. What the company is evaluated as on paper by people increasingly disconnected from reality isn't really meaningful. I'm not really sure what the market function or social function is of rewarding people with billions of dollars who create…
Didn't he just fool rich private investors?
I'm not shedding a tear if Softbank throws their money away.
Re: WeWork Accepts SoftBank Takeover Offer
#30I'm confused as to why this is so terrible. He created a very valuable company, worth billions of dollars. It makes sense that he should capture some large fraction of that wealth. Yes, some people will lose their jobs. But it's worth noting that those jobs wouldn't have existed in the first place if he hadn't started the company. His mismanagement has cost him and Softbank billions, which is appropriate as well. I s…
>He created a very valuable company, worth billions of dollars he created something that may very well lose its investors billions of dollars without ever turning a dime of profit. What the company is evaluated as on paper by people increasingly disconnected from reality isn't really meaningful. I'm not really sure what the market function or social function is of rewarding people with billions of dollars who create…
"investors billions of dollars without ever turning a dime of profit"
Too fcking bad... You do realize that this thing almost went public and as such the lost would have shifted to the shareholders who would have bought the stock while the original investors cashed out. You think those people would have had a conscience at that point. I think not. Fck all the original investors who most likely knew this company was a joke and fraud from the beginning but were hoping the IPO happened so they could walk away with more money.