WeWork Accepts SoftBank Takeover Offer

Post by x0x0 » Tue, Oct 22, 2019, 5:37 PM UTC

nostromo wrote: post #27

Barrin92 wrote: post #19

Earlier quoted context omitted.

>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 t…

Post by xkjkls » Tue, Oct 22, 2019, 5:39 PM UTC

akfanta wrote: post #38

birdyrooster wrote: post #22

Earlier quoted context omitted.

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.

> He didn’t create a very valuable company. It’s deeply in the red (the opposite of what you are claiming). Unfortunately, in this day and time, sometimes company's value has very little to do with profit or even revenue.

Post by [deleted] » Tue, Oct 22, 2019, 5:39 PM UTC

SirensOfTitan wrote: post #26

untog wrote: post #10

Earlier quoted context omitted.

[removed]

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.

Post by xkjkls » Tue, Oct 22, 2019, 5:41 PM UTC

nostromo wrote: post #27

Barrin92 wrote: post #19

Earlier quoted context omitted.

>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 t…

Post by [deleted] » Tue, Oct 22, 2019, 5:42 PM UTC

Barrin92 wrote: post #19

nostromo wrote: post #14

I'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…