Title says all
There's a difference between stupid and illegal. "Tell me the difference and I'll have my brother in law arrested"
Yes but you can be both at the same time. When was the last time that "Officer, I couldn't understand the parking sign" saved you from a ticket?
I didn't know wework was doing anything illegal. I thought it was just poorly managed and the business plan is unsustainable
Say what?
Holmes was smart. Neumann is just greedy.
No point beating a dead horse. If you are smarter...predict who is next wework?
Nope. At least not yet. One is still standing and operating while the other is completely shut down and being prosecuted.
I wouldn’t be surprised if we shutdown next year. We are late on rent (+30 days) on some buildings..
Wish you were public soon I could short you.
Softbank invested in we. Short soft.
I don’t understand how someone can turn something as stable and profitable as real estate into a business that loses so much money. What were they thinking?!
They thought it would endlessly scale because they were a "tech" company.
Not comparable. Theranos was playing with people's health decisions
Nope. Theranos is in a league of its own. It’s like Albertsons but from the bottom.