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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- 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 21
- 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
- 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.