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…
Very little. The market Cap isn’t very big. SoftBank and a few others lose some money. Some buildings will change hands. Less free beer at temp spaces.
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…
If it affects WeWork's ability to pay for maintenance and management personnel for their properties, then that would definitely hurt their tenants.
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…
> We've witnessed a halving of journalists since 2008, while the number of corporate communications execs has tripled. In sum, the ratio of bullshit/spin to watchdogs has increased sixfold. This assumes that journalists are capable of spotting (and willing to) spin / bullshit in the first place.
A lot of the stories coming out about the malfeasance at We are coming from good old-fashioned investigative reporting: tracking down former and current employees and interviewing them (on and off the record) about what's going on. This is the bread and butter of journalism. What's so unique about a tech company that it would be immune to standard journalistic practices? And is We even truly a tech company anyway?
> And is We even truly a tech company anyway?
Nope. Just a real estate play trying to be valued at tech level multiples. That's part of reason We's in trouble.
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…
To the extent that certain real estate sectors are being propped up by speculation in future office use, the collapse of WeWork could set off a broader collapse in certain real estate markets. Whether that radiates out to the broader economy depends on how heavily leveraged investors are, and whether they can restructure their debts. Interest rates are very low, which makes debt less painful than in earlier eras, but there is always the risk of a panic causing markets to lock up. If contagion were to begin, then it's up to the central banks to step in forcefully with additional QE, so as to end the panic. Of course, the governments could engage in fiscal stimulus, which would obviate the need for monetary stimulus, but in recent years the politics have been against that.
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…
How much of an impact would this have on the global economy
Is there any significant economic activity actually happening in WeWorks? Or is it all techbros doing nothing that really matters? Serious question.
Does Softbank have more than ~$10bn to lose here, or is that it? Are there any extra liabilities they've underwritten? I loved the article, but even if it were valued at $0, would that decimate and "shutter" the Vision Fund?
The company name should be highlighted in the text somehow; in its current form, it sounds like an eloquent Gollum's internal monologue in my head. I found myself having to re-read quite a few sentences. "We has gone from unicorn to distressed asset"
WE instead of We would help a great deal. Had the same issues the last four articles I read.
For the last time, journalists reporting on retraining programs for coal miners != journalists personally claiming learning to code solves everything. This is a dumb myth that needs to die.
"For the last time". Right. A quick google search shows plenty of news outlets running articles about how you should learn to code . It's not a dumb myth, it's dumb reporting.
I just did this and no major outlets came up. When I looked for major outlets, the articles were skeptical.