How Can an 11-Year Old Company Lose $844 Million on $661 Million in Revenues? WeWork Shows How, Having Lost $13.3 Billion on $10.6 Billion in Revenues in Less Than 4 Years by Wolf Richter • Nov 15, 2021 • 153 Comments It just doesn’t let up with this outfit.
Zillow Comes Unglued, Lost $1.4 Billion on Flipping Houses since 2019, Bails Out, Lays Off 25% of Staff, Stock Plunges Further by Wolf Richter • Nov 2, 2021 • 146 Comments Another one of the most hyped Wall Street schemes belly-flops.
House Flipper Zillow Seeks to Dump 7,000 Houses to Big Investors after Reports it Overpaid: Buy High, Sell Low, Take “One-Time Noncash Charge?” by Wolf Richter • Nov 1, 2021 • 187 Comments How Zillow helped whip house prices higher and got caught with its pants down (AI = artificial idiocy?).
Employers Forced to Raise Wages by Most in at Least 20 Years: Whole Power Balance Has Changed by Wolf Richter • Oct 29, 2021 • 126 Comments Margin pressures from surging labor costs for the first time in two decades.
Why Walgreens is in Trouble in San Francisco and is Closing Some Stores: It’s Not Shoplifting, that’s an Artful Distraction from the Real Reasons by Wolf Richter • Oct 23, 2021 • 234 Comments Caught up in the brick-and-mortar meltdown, it faces its own botched decisions and a market that has horribly turned against its pharmacies.
Afterhours Massacre: Intel Plunges 9% for Other Reasons, Snap Collapses 25%, Takes Down Facebook, Twitter, Pinterest, Google by Wolf Richter • Oct 21, 2021 • 167 Comments The Everything Shortage worms into social media and internet advertising. Facebook and Google better walk that back pronto.
What P&G Said about Soaring Costs, Supply Chain Woes, Inflation, and Trying to Keep Shelves Stocked by Wolf Richter • Oct 19, 2021 • 152 Comments Profit fell despite price increases, more price increases coming to a shelf near you. “We do not anticipate any easing of costs.”
Banks Disclose Tidbits of Hidden Stock Market Leverage, as Known Stock Market Leverage Surges by Wolf Richter • Oct 15, 2021 • 115 Comments No one knows total stock market leverage, but it’s huge and ballooning, as we see from the tidbits we’re allowed to see.
Will Risk Parity Blow Up…??? by Kuppy • Oct 11, 2021 • 138 Comments When something that is this widely adopted blows up, it tends to blow up spectacularly.
Used Vehicle Prices Spike to New Crazy Record in a Market Gone Nuts by Wolf Richter • Oct 7, 2021 • 126 Comments Not “temporary” yet.
