A “bust out” is a fraud used in organized crime, wherein a business’s assets and lines of credit are exploited and exhausted to the point of bankruptcy.
“Amazon’s plunge into the $800 billion US grocery industry posed an existential threat to rivals”: CNN, August 2018. So let’s see.
WeWork landlords in America are likely to learn: In a down market, they’re all going to be partners, voluntarily or otherwise.
Commercial real estate developer shares his insights on how to prepare for it.
Moral bankruptcy may be one of the quickest preludes to Chapter 11.
Compass, a real-estate-brokerage unicorn with $800 million in venture funding and a $2.2 billion “valuation,” disrupts – itself?
High housing costs & taxes lead to this: “Once we decided we had to get our employees out of California, we went about our search systematically.”
Its fleet of autonomous cars thus far has gone the way of the Spanish Armada, producing nothing but grief.
Success means being able to choose who you work with.
The CEO is selling that $20 billion valuation to a lot of smart, rich guys. But WeWork’s entities are known as SPE’s (“Screwing Probably Expected”), and landlords will be the first to go down.