71–80 of 126 posts
> To be clear, I’m not a journalist, nor a forensic accountant.
Forensic accountant?? That reminds me of Snow Crash:
> When she says, "Do you have any relatives in Afghanistan?" that's like a code phrase, it tells all of her spook gear to get ready, shake itself down, check itself out, prick up its electronic ears.
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In fairness, you can have the glass frosted
At that point why not just use ordinary drywall though? Is WeWork really gonna be continually frosting/defrosting rooms as tenants move in and out?
> • Focus on margin expansion vs. growth. We has a differentiated product in the marketplace, and should command a premium. Hm, what exactly does WeWork do that is so unique? Sounds like a regular real estate company except they are targeted towards tech startups.
Brand is worth something. WeWork offices are designed to be appealing to young people (free beer, group activities etc) which makes it appealing to businesses. Also in real estate location, location, location is a differentiator.
I loved the article, but even if it were valued at $0, would that decimate and "shutter" the Vision Fund?
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Similarly, Yahoo insists on being called "Yahoo!" in their branding guidelines, but it just makes the writer look like an idiot. There's no reason you have to stick to the chosen name of a corporation if the chosen name is cutesy and dumb. :-)
That's why The Register headlines about Yahoo turned out how they did, with every single word gaining a "!". Which is now a trope in itself.
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> What is this "selling debt" referred to here, is the basically a bond? Yes, issuing bonds or taking out a loan from a bank.
Interesting, I understand how a bond would be considered selling debt but a straight up bank loan is also considered selling debt? In the former there is something being sold by the company but in the latter its actually being something bought by the company. Are they both considered selling debt because of how the accounting is done? Or am I being too literal with interpretation? Thanks.
https://medium.com/@henry.hawksberry/is-we-work-a-fraud-5b78...
I'm not saying that this is the case. But I'm wondering what sort of impact that would have on thousands of businesses that rent/use their offices, as well as the many buildings that depend on WeWork paying rent to stay afloat.
How much of an impact would this have on the global economy, or at least on the tech and/or real-estate sectors?
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In fairness, you can have the glass frosted
I think that was OP's point, if they were doing anything sensitive they would at least require soundproof frosted glass rooms. On the other hand, I can't imagine anyone with sensitive information working out of a shared workspace just because ofbthe ease with which a room or whole floor could be bugged.
I'm curious: If WeWork is found to be completely bad/rotten/fraudulent, then what happens? I'm not saying that this is the case. But I'm wondering what sort of impact that would have on thousands of businesses that rent/use their offices, as well as the many buildings that depend on WeWork paying rent to stay afloat. How much of an impact would this have on the global economy, or at least on the tech and/or real-esta…
The one thing it could do is bring additional scrutiny to other "unicorns" books as bring them down to more realistic valuations.