NewLadyCloser

WeWork is going public

Another not-profitable company announced its going public today, with no clear way to become profitable. Initial Investors will recoup some of their money, but will the IPO be a flop in a few weeks? Another loss leader for run-of-the-mill investors? Your thoughts?

Add a comment
Susquehanna International Kristaps11 Apr 29, 2019

How many of WeWork’s offices do they actually own? Actually owning the land they’re sitting on will afford them a good amount of flexibility for pivoting. That said the majority of their customer base is definitely part of a bubble. Also WeWork’s vertical business model is probably a good move. Being a one stop shop for any entrepreneurial venture or software workforce is an uncaptured market. Edit: All the signs point to growth in software jobs over the next decade (not necessarily growth in software pay). As more brick and mortar businesses grow their tech/web presence, WeWork can provide the entire vertical stack of a software workforce for these businesses. They have the office space and the potential workforce (having bought that software bootcamp). WeWork can basically consolidate the bootcamp / triplebyte / consulting industries into one well oiled package. I wouldn’t be surprised if WeWork starts swallowing up consulting shops in the near future, where consulting vets can double as both consultants and instructors. Idk if they’ll do well, I’m certainly not buying any WW stock, but I can see why they can be an interesting investment.

New
LadyCloser OP Apr 29, 2019

This is the first perspective I’ve seen of them “not owning real estate” being a strength instead of a major risk and it makes a lot of sense.

Susquehanna International Kristaps11 Apr 29, 2019

I’m saying owning the real estate would be good.

eBay ighhjbhdd Apr 29, 2019

Please don’t buy it

Salesforce pbs123 Apr 29, 2019

Another hyper valued company that had a loss of a billion dollars. WeWork is not a real estate company per se, agreed. But they barely own the buildings that they are using and are thriving because of investors like Softbank. I pity the public who will buy the stock and take the grunt of it.

New
ddtS08 Apr 29, 2019

Contender for the most overhyped company in the history of companies

Oracle jom Apr 29, 2019

Everyone wants to go public before market crashes.

Google arUb75 Apr 29, 2019

I read about bears who can earn money when stocks tank, something like they borrow stocks, sell them, then buy them back and return. But can a regular person play as a bear? Will anyone borrow me stocks?

Oracle aham Apr 29, 2019

That's called Shorting