Is WeWork the most overvalued startup in the world?

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aatw

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BIO
Jamaican dude lives between NYC & Jamaica. Biz Dev @HackerHostelJM @akuawalters
aatwmore
Feb 2 17 Comments

I'm curious, I did a little bit of reading and found out that WeWork is essentially valued at $47B while Regus who has way more square footage is valued at significantly less. Put on top of that the fact that what they are essentially doing is playing middle man to their clients and the land lord and vastly underpricing the actual value of their square footage (basically placing a bet that property value will inevitably rise and that their customers who are primarily startups will be around forever) how long before that $2B investment from SoftBank goes bye bye provided we don't enter a recession for the next few years.

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TOP 17 Comments
  • Uber w97sshdb
    There is no recession in the horizon
    Feb 25
    • New
      aatw

      New

      BIO
      Jamaican dude lives between NYC & Jamaica. Biz Dev @HackerHostelJM @akuawalters
      aatwmore
      OP
      That's debatable. What set of facts are you basing your assumption on?
      Feb 2
    • Uber w97sshdb
      Anything that the mass media promotes is basically wrong. Opposite is true
      Feb 2
    • New
      aatw

      New

      BIO
      Jamaican dude lives between NYC & Jamaica. Biz Dev @HackerHostelJM @akuawalters
      aatwmore
      OP
      Right and right now MSNBC, CNN, and Fox are all saying buy the dip lol despite the fact that the Fed HAS to raise interest rates this year because if they don't, they will have no tools to fight an eventual contraction in the markets like what happened in December. What? You mean to tell me you've missed the MSM's relentless cry of buy buy buy?
      Feb 2
    • Of course Uber guy doesn’t want recession cuz their stock will be chopped to half if not more.
      Feb 2
    • Uber w97sshdb
      Bs. Every media company is telling us not to invest and buy the dip
      Feb 3
  • KPMG qtAi02
    Secondly , Uber is global logistics mega machine which is looking into shipping , frieght , public transports , delivery of grocery , goods , people , scooters etc ... 16 trillion industry
    Feb 22
    • New
      aatw

      New

      BIO
      Jamaican dude lives between NYC & Jamaica. Biz Dev @HackerHostelJM @akuawalters
      aatwmore
      OP
      I like their push into logistics specifically moving good around a country not just people. They could do some real damage there.
      Feb 2
    • KPMG qtAi02
      Look up Uber freight — it’s huge
      Feb 2
  • Microsoft ffs.gtfo
    Yes.
    Feb 31
    • New
      aatw

      New

      BIO
      Jamaican dude lives between NYC & Jamaica. Biz Dev @HackerHostelJM @akuawalters
      aatwmore
      OP
      🤣🤣🤣
      Feb 3
  • Chase OjDg47
    I think the same thing. They’re valued much more aggressively than larger REITS. Most of their tenants are on short term leases or are startups that would struggle in a recession.

    Seems like most of their valuation comes from their growth and relatively flexible business model.
    Feb 20
  • KPMG qtAi02
    Recession is great for Uber .. more drivers on platform
    Feb 22
    • New
      aatw

      New

      BIO
      Jamaican dude lives between NYC & Jamaica. Biz Dev @HackerHostelJM @akuawalters
      aatwmore
      OP
      How do you figure they would get more drivers?
      Feb 2
    • KPMG qtAi02
      Use case , government shutdown resulted in spike in Uber drivers on platform
      Feb 2
  • KPMG qtAi02
    No recession this year if anything don’t miss out on the stock boom before the crash
    Feb 20
  • New
    aatw

    New

    BIO
    Jamaican dude lives between NYC & Jamaica. Biz Dev @HackerHostelJM @akuawalters
    aatwmore
    OP
    That's actually great insight. My worry though is that the shutdown eventually ended. Contractions may last for years. This expansion has been going on for the better part of a decade. In recessions remember people usually liquidate as much assets as they can or creditors usually foreclose (if they can locate the asset). I don't think there would be much more activity than we saw in the shut down to be honest. The data just doesn't support that hypothesis. Then again we are in uncharted territory.
    Feb 20

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