It's like he knows the company will collapse and is trying to milk everything until he can't.
WeWork CEO gives back $5.9M from 'We' trademark after criticism
71–80 of 138 posts
Re: WeWork CEO gives back $5.9M from 'We' trademark after criticism
#72Jason Calacanis predicted that he'd give the trademark back in this past Friday's episode of TWIST right at the 16:40 mark. But he didn't double his post IPO lockup which is the other thing Jason suggested that he do. https://thisweekinstartups.com/e969 I've got a friend who runs a very successful co-working center. She competes against WeWork and said the first half of this episode is the single best discussion of t…
Thanks very much for posting that, was very informative. My favorite tidbit was when Molly Wood was saying that she heard from a financial analysis firm that specializes in obfuscation that this was the most unclear S1 they had ever seen in terms of hiding basic financial metrics, and the other guest said he couldn't even figure out what the GAAP margin was after reading the S1. That to me is more damning than any ot…
For those curious, the other guest was Alex Wilhelm, a regular financial reporter of startups and their S1s. He's pretty well-equipped to dig into them.
Re: WeWork CEO gives back $5.9M from 'We' trademark after criticism
#73Get yours while the getting is good. What would you do differently in Neumann's position?
This company/its IPO is a shining example of what emerged from the way "we" decided to structure the US economy post 2008 recession.
Re: WeWork CEO gives back $5.9M from 'We' trademark after criticism
#74Re: WeWork CEO gives back $5.9M from 'We' trademark after criticism
#75Earlier quoted context omitted.
I didn't think you could short immediately after IPO.
Underwriters are not allowed to lend out shares for short sale until 30 days after the IPO. Other investors could lend out shares but there are not going to be that many shares on the market right after the IPO. https://www.investopedia.com/ask/answers/05/062905.asp
If you want to short a stock, you get far better leverage with options than actual short positions. And AFAIK there's no limitations there.
Re: WeWork CEO gives back $5.9M from 'We' trademark after criticism
#76Earlier quoted context omitted.
Seems to me if someone is shorting We because they really expect a drop following this and just want in on the action to scalp what they can, are they really a sucker? Scalpers gonna scalp.
I didn't think you could short immediately after IPO.
You can make a OTC/private deal and you can buy puts and sell calls. I'll be spectating the book on day one, the underwriters might have to defend, really defend, not just touch the number like FB.
Re: WeWork CEO gives back $5.9M from 'We' trademark after criticism
#77This has to be the most outrageously transparent and simple $6M scam to ever work
Re: WeWork CEO gives back $5.9M from 'We' trademark after criticism
#78Get yours while the getting is good. What would you do differently in Neumann's position? This company/its IPO is a shining example of what emerged from the way "we" decided to structure the US economy post 2008 recession.
I'd say this is more the result of the early 2000 reforms. IPOs happen much later.
Re: WeWork CEO gives back $5.9M from 'We' trademark after criticism
#79So is this a thing now? That all new high-valuation tech companies of the last generation (Uber, "We") have to have some shady founder/CEO thing going on?
I doubt the amount of shady CEOs is any worse than it was at times in the past (the 80s being known for the "Gordon Gekko" type CEOs immediately come to mind). I think it just feels like there's more corruption because of a combination of us consuming more media, quicker and recency bias.
The only real differences I can see are:
1. The numbers are a magnitude larger, instead of 100's of millions we're talking billions for the individual players.
* Today's villains are far more disingenuous about their motives. In the 80's they unapologetically embraced greed for greed's sake, none of this false "making the world a better place" BS.
Re: WeWork CEO gives back $5.9M from 'We' trademark after criticism
#80If even 10% of all McDonald's offered high speed wifi, accessible power outlets, and maybe some nice desks, I feel they would destroy this company.