Strong groups of friends due to tight groups from the good days.
No progression at the moment for 2 years. Leadership is a circle of bros that constantly get promoted between them.
How much wework IPO stock will potentially sell at after the IPO with SPAC? #weworkstock #wework #tech
Looks like they finally caught in on the scam. https://www.businessinsider.com/wework-pressured-by-softbank-to-shelve-ipo-report-2019-9
If no, how do you feel about CEO selling $700M of stock while employee options become worthless?
It started trading finally with a Market cap of 690 Million. Softbank alone has put 17 Billion USD on WeWork. Such a huge loss for Softbank and other investors, but even a bigger loss for its employees. https://www.bloomberg.com/news/articles/2021-10-20/wework-stock-we-will-softbank-ever-make-its-1...Read more
WeWorkers - hint/red flag - thoughts? https://youtu.be/hrfO0k_rTnA
I was really looking forward to shorting the shit out of their stock and making a fortune.
I am very close to accepting an offer at WeWork as a data scientist in their NYC office but in light of their IPO valuation dropping, I am unsure what this means for the value of the RSUs as part my offer. https://www.cnbc.com/amp/2019/09/05/wework-is-dramatically-slashing-its-ipo-valuation-because...Read more
I thought this would be interesting to hear out. On a similar topic, why do IBs get company valuations so so wrong? Anyone here in finance want to defend the process? https://techcrunch.com/2020/01/21/goldman-sachss-ceo-just-called-weworks-pulled-ipo-which-goldman-was-underwriting-proof-that-the-...Read more
CNBC: WeWork's valuation could fall to below $15 billion. https://www.cnbc.com/2019/09/13/wework-makes-sweeping-corporate-governance-changes-ahead-of-ipo.html Still, I've never heard of that valuation for a office leasing company. SoftBank is on a roll recently. #wework
With the news of CEO stepping down, IPO being cancelled, WeWork coming under pressure as an overvalued tech company - how’s the employee morale inside the company? @wework
"WeWork executives haven't yet finalized the specific cuts, but the numbers will be "in the thousands" – though less than the 3,000 to 5,000 layoffs that had been laid out in earlier media reports, said the source. " https://www.businessinsider.com/wework-plans-thousands-of-job-cuts-shelving-initi...Read more
Dear blind community, Hoping to get some advice on some offers. Have to pick between, Salesforce: 330K (Non core distributed systems project) Rubrik: 360K (Likely involves tech debt work in near term) WeWork: 360K (?) Rubrik and wework are pre IPO so their numbers are projections. Rubrik is pro...Read more
Wework CEO takes out 700 M$ before IPO: https://tcrn.ch/2XWJkeD
Markets are realizing that VC funded Ponzi schemes are just that. https://nypost.com/2019/09/13/wework-may-seek-ipo-valuation-as-low-as-10-billion/
If you go to work at Chime or a similarly positioned company that is already receiving large valuations and on the precipice of IPO (or like WeWork a year ago) and then they IPO do you get rich? Or do you have to get on with a company earlier on? I don’t really get how pre-IPO works and wonder if it...Read more
What tech companies will fare well when the bubble pops? https://www.zerohedge.com/health/softbank-urges-wework-shelve-its-ipo-its-time-think-unthinkable
https://www.google.com/amp/s/www.forbes.com/sites/greatspeculations/2019/08/27/wework-is-the-most-ridiculous-ipo-of-2019/amp/
Lots of dumb investors out there buying into the amazon model https://www.cnbc.com/2019/08/14/wework-ipo-filing-sells-a-romantic-vision-alongside-losses.html
Wework was giving some fire rsu back in the day and a lot of people joined them in 2019/2018 just before the failed IPO. From what I know wework then got acquired/ merged with a spac? What happened to all the employee rsu after that? Were the employees able to cash out for some $ @wework