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

Re: WeWork parent pulls IPO following pushback: sources

#311

Post by quaquaqua1 » Tue, Sep 17, 2019, 3:54 PM UTC

hkmurakami wrote: post #150

MrEldritch wrote: post #90

Earlier quoted context omitted.

I gotta say, I do hope Blue Apron survives. After all, if it goes under, who will sponsor the entire podcast ecosystem?

Square space maybe

Definitely Squarespace and Skillshare. I still can feel the moment where I can exactly predict the Youtuber or Podcaster is about to launch into their canned sales pitch for how life got so much better and easier when they learned how to do xyz on zyx platform.

I'm surprised Youtube made the "tap here to move forward 30 seconds" feature because it always takes me right to the end of the "native ad"

Re: WeWork parent pulls IPO following pushback: sources

#312

Post by zrobotics » Tue, Sep 17, 2019, 3:55 PM UTC

klarrimore wrote: post #241

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.

I have no idea but I bet even Walmart blows the doors off them in terms of commercial sq footage.

Doesn't Walmart own most of their real estate though? If so, they wouldn't be in the running for largest commercial lessee. Although it wouldn't surprise me if Walmart does have the largest square footage of commercial real estate, if you count parking lots & distribution centers it would be huge.

Another odd thought--would you count an oil company like halliburton's well leases? I know that square footage is normally used for buildings as to account for multiple stories, but if we count commercial land leases then either an oil/gas company or a large agribusiness would almost certainly come out on top.

Re: WeWork parent pulls IPO following pushback: sources

#313

Post by john_moscow » Tue, Sep 17, 2019, 4:00 PM UTC

jhcl wrote: post #268

WeWork is a huge success...for its founders. Neumann reportedly sold over 700 million worth of shares ahead of the IPO. For some reason every startup nowadays is the next Amazon or Facebook. Poised to become the market leader in their field of expertise. Most of the IPOs are losing big money yearly but the market is happy to support them with billions of dollars. Actions that would make Warren Buffet cringe but could…

Warren Buffet grew up during the great depression. The rest of the market will have to learn it the hard way.

Re: WeWork parent pulls IPO following pushback: sources

#314

Post by twic » Tue, Sep 17, 2019, 4:19 PM UTC

52-6F-62 wrote: post #308

twic wrote: post #226

Earlier quoted context omitted.

This sounds a lot more Nathan Barley than Silicon Valley .

You just gave me a whole new thing to look at here. Thank you for this. I can't believe I've never seen it.

The TV show is good, but not as good as the original TVGoHome listings:

http://www.tvgohome.com/0206-2000.html

Re: WeWork parent pulls IPO following pushback: sources

#315

Post by v77 » Tue, Sep 17, 2019, 4:20 PM 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.

I've moved almost all my news reading to the various Bloomberg newsletters (of which Levine's is the best). They are fantastic, and free.

https://www.bloomberg.com/account/newsletters

Re: WeWork parent pulls IPO following pushback: sources

#316

Post by v77 » Tue, Sep 17, 2019, 4:23 PM UTC

JohnJamesRambo wrote: post #98

MrEldritch wrote: post #90

Earlier quoted context omitted.

I gotta say, I do hope Blue Apron survives. After all, if it goes under, who will sponsor the entire podcast ecosystem?

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?

I was just about to post the same thing. Clearly a lot of companies do negative-EV blanket podcast advertising to juice their customer numbers before an IPO. Sonos was another famous example (although I like Sonos a lot). There's no way ZipRecruiter is getting payback from their insane ad spend.

Re: WeWork parent pulls IPO following pushback: sources

#317

Post by rsynnott » Tue, Sep 17, 2019, 4:24 PM UTC

troquerre wrote: post #38

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…

You're missing Zoom, Pagerduty, and Cloudflare which are all doing phenomenally well.

A cynic might note that they're essentially selling pickaxes in the gold rush, so would be expected to do well in a tech bubble, even when their customers aren't :)

Re: WeWork parent pulls IPO following pushback: sources

#318

Post by twic » Tue, Sep 17, 2019, 4:25 PM UTC

dd36 wrote: post #271

twic wrote: post #229

Earlier quoted context omitted.

My company switched from Slack to Mattermost, and then back to Slack. We either did all these things, twice, or lived without them. Switching is not something you'd do on a whim, but it's not really difficult either.

Why back?

The IT department moves in mysterious ways, its wonders to perform.

I think we moved from Slack to Mattermost because our infosec people weren't happy about Slack's handling of our data; there's a line in an email about "discussions with Slack over the past year regarding their data security and AI initiatives". But then Slack sorted that out to infosec's satisfaction, so we moved back, because running your own Mattermost installation is more of a hassle than paying Slack to do the equivalent.

Re: WeWork parent pulls IPO following pushback: sources

#319

Post by rsynnott » Tue, Sep 17, 2019, 4:29 PM UTC

sobani wrote: post #180

lstamour wrote: post #139

Earlier quoted context omitted.

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.

Recently I've mostly been hearing one from the Irish government telling residents of Ireland using a UK drivers license to convert it to an Irish one immediately (they'll become invalid if there's a no-deal Brexit).

Of course, I'm not sure I'd want to invest in Brexit, so maybe it still holds.

Re: WeWork parent pulls IPO following pushback: sources

#320

Post by puranjay » Tue, Sep 17, 2019, 4:37 PM UTC

odyssey7 wrote: post #305

puranjay wrote: post #291

Earlier quoted context omitted.

My WeWork in Gurgaon, India has a biweekly bhangra dance class at 4pm on a weekday After the third such class, I decided to get the hell out of my lease. It's like their entire corporate culture is built around finding creative ways to not work. It's awful environment to build a startup in.

I take it this was just one example of something that didn't agree with you about the location. I've had a good experience at mine with better productivity vs working from home. Keep in mind, this is an office that aims to keep individual workers paying it, not the other way around, so the environment is going to be different than a lot of employer-owned offices.

Personally, I don't like the chirpiness and faux motivation plastered everywhere. I don't need to be told by posters that my work matters or that "Thank God it's Friday!". I never wanted to be a part of that corporate culture which is why I pursued my own freelance career.

I guess some people don't mind that, but to me, it got too nauseating too quickly.

At my location, it also seems that outside of the dedicated desk area (which is where I sit), a lot of people are there just to get laid. Nothing wrong with that, but that's something I've only found at WeWork of all the coworking places I've been to.