Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

WeWork parent pulls IPO following pushback: sources

reuters.com

Post reply on HN
Print view View original

91–100 of 347 posts

Re: WeWork parent pulls IPO following pushback: sources

#91

Post by pcurve »

dangxiaopin wrote: post #53
quaquaqua1 wrote: post #21

Semi related but Blue Apron will forever be my favorite IPO. 5 stock splits and 3 CEOs later, day one investors will receive roughly 2 pennies back for every dollar invested just 2 years ago. Only people who won were those who dumped free shares on the market (insiders), and maybe consumers for getting subsidized food of questionable quality. Once valued at 2 billion USD, a paltry 150 million will get the job done no…

Pinterest is next https://trends.google.com/trends/explore?date=today%205-y&ge...

Their finance doesn't look bad. Revenue trended up. Flush with cash. Making money. The 5 year chart look bad, but they've stabilized in the past couple years and it looks like they've found way to actually remain profitable.

Re: WeWork parent pulls IPO following pushback: sources

#93

Post by jsloss »

ackbar03 wrote: post #56
Deimorz wrote: post #28

Earlier quoted context omitted.

This was a pretty good article about Blue Apron from last week: https://pitchbook.com/news/articles/recipe-for-disaster-the-...

This gets me thinking. They validated or at least thought they validated their idea because they gained traction at the start correct? But clearly they didn't validate the business because the price point wasn't at a profitable level? Was this the mistake? Or is it that the price point allowed for marginal profits and they thought that by scaling up it would cover the fixed operational costs and thus lead to profits.…

The cost of acquiring new customers once they reached scale was the issue. The cost went up significantly making their unity economics unfavourable.

Re: WeWork parent pulls IPO following pushback: sources

#94

Post by mmaunder »

dangxiaopin wrote: post #87
mmaunder wrote: post #76

Earlier quoted context omitted.

I'm sorry, I'm an idiot. Wtf does "user re-authentication" mean? They're counting MAUs as number of logins and not number of active users?

I can only interpret that they are talking about logged in users with accounts. The users were logged out during the pre-IPO and that resulted in some double counting in their second post IPO 10-Q. I was researching this because I asked myself a general question: "Why is the stock price of non dividend paying companies correlated to the performance at all?"

Ah.

Amazon is a good case study for you. Didn't pay dividends for a decade or more. Reinvested everything. Pissed off analysts. And killed it.

In that world as long as you can keep delivering growth, you're good. Miss once and you're toast.

Re: WeWork parent pulls IPO following pushback: sources

#95

Post by foldingmoney »

dangxiaopin wrote: post #53
quaquaqua1 wrote: post #21

Semi related but Blue Apron will forever be my favorite IPO. 5 stock splits and 3 CEOs later, day one investors will receive roughly 2 pennies back for every dollar invested just 2 years ago. Only people who won were those who dumped free shares on the market (insiders), and maybe consumers for getting subsidized food of questionable quality. Once valued at 2 billion USD, a paltry 150 million will get the job done no…

Pinterest is next https://trends.google.com/trends/explore?date=today%205-y&ge...

Google trends is probably not a good way to assess Pinterest.

Want to browse Pinterest? Open the app. Want to get Pinterest? Go to the App Store. Heard someone say 'pinterest' but don't know what it means? Search google.

Your link is only showing that last one.

Re: WeWork parent pulls IPO following pushback: sources

#96

Post by nugget »

pvarangot wrote: post #66
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.

Well people are actually using the offices so prices will go down if they backrupt but they'll catch up. It would feel like an adjustment and not a bubble bursting.

It's anecdotal but I've been in half a dozen WeWork properties in the last 2 months and I've yet to see one more than 50% occupied. There were a couple buildings in Seattle that seemed almost empty.

Re: WeWork parent pulls IPO following pushback: sources

#98

Post by JohnJamesRambo »

MrEldritch wrote: post #90
hn_throwaway_99 wrote: post #31

Earlier quoted context omitted.

Honest question if anyone knows more details. VCs these days are very focused on the "SaaS Quick Ratio": https://www.cobloom.com/blog/saas-quick-ratio-how-to-measure... (Blue Apron isn't quite a SaaS business but close enough for this metric). The idea is that it not only measures growth, but measures new customers in relation to churn, with the idea that it's a lot easier to have a long term successful business if y…

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?

Re: WeWork parent pulls IPO following pushback: sources

#99

Post by csallen »

rosybox wrote: post #85
abvdasker wrote: post #61

Earlier quoted context omitted.

I actually still use Blue Apron. It's not that much more expensive than grocery shopping (I live in New York so groceries are expensive) and you never end up with wasted food. The recipes are generally very quick to make and far better than anything I could make on my own in a comparable amount of time. While the business may not have worked out so well their service is still pretty good.

Blue Apron just seems so unnecessary. You still have to do all the work! Just go to the grocery store and buy stuff there? You can get recipes online for free. I do all my shopping on Saturday at Trader Joe's and spend very little for lots of food which I then cook. There's so much wasted materials and trash with Blue Apron. I don't get it, but then I don't have any trouble cooking for myself and my family. I didn't…

With services like Blue Apron and HelloFresh, you're paying for convenience. Perhaps you don't want to go to the grocery store, look up recipes, etc.

Re: WeWork parent pulls IPO following pushback: sources

#100

Post by rockinghigh »

autokad wrote: post #30
tempsy wrote: post #23

As someone living in SF, I don’t think anyone in SF or SV would ever consider WeWork to be a “Silicon Valley” company in the same way that Uber or Twitter or Slack is. The company has 0 tech brand among employees (how many ex-FB or ex-Google engineers work there?) and outside of Benchmark’s early round none of the VCs are SV-based. Point is the media is making this out to be an indictment on some SV tech bubble but p…

> "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…

> -18.67 billion $ in revenue

You’re confusing revenue and earnings/net income. Revenue is the sum of the sales. Net income, or earnings, is how much money is left after accounting for expenses. Uber alone has tens of billions of dollars in revenue.

Post reply on HN