From a $47 billion private market valuation to a $9 billion IPO via a SPAC in 2021 and now trading at $1.32 a share , marking a 99% drop from its IPO price. Investing in companies which have seen the market ups and down for atleast 10-15 years is necessary if you dont want to end up with companies like these. This is one more reason why you should stay away from most of the IPOs.
One of the worst fundamentals
Don’t know why people/lenders keep giving CPR to this business corpse. Just let it die already. Perhaps some smarter people will do something better with the wreckage…
What happens to all of their current properties/tenants that leases them?
What do you think?
Why do you think I’m asking, to compare notes?
Looks like you just copy pasted the first part from a tweet. https://x.com/burrytracker/status/1719494276759883966
Atleast they made an effort to remove ‘jaw-dropping’ from it
even apple made money out of it , promoted it and couldn't save it , and let it die 😂
They never pivoted. Commercial real estate lol... They should've moved to residential property management. 😒
They tried. It was called WeLive. It went so well they shut down.
CMBS is the second coming of MBS blowing up in 2008.
We don’t work
We[Don’t Know How To Make It]Work
Remote work is here to stay. Employees don't want to go back to sad offices
The valuation was over-ambitious. And that was the only fault of investors.
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This is the kind of genius investing insight I've come to expect from Blackrock
Cuz employee not allowed to invest in ipos