Tech IndustryOct 21, 2021
AmazonA maze

WeWork didn't work on IPO

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-17-billion-back

Woven Planet Holdings ๐Ÿš˜AVgo๐Ÿ’ฅ Oct 21, 2021

You think it's under value rn?

Amazon wawY45 Oct 21, 2021

Can't find the ticker yet. I think it's way more than 690 million including the existing stock, aren't you thinking about just the value of the SPAC by itself prior to the merger?

Amazon A maze OP Oct 21, 2021

I used Robinhood, but I might be completely wrong as Yahoo finance is giving it in Billions. https://robinhood.com/stocks/WE

Amazon wawY45 Oct 21, 2021

Yeah, that's definitely just a carryover from the value of the SPAC prior to merger with WeWork.