The fatal flaw of meal-delivery unicorns.
Tender Offer Didn’t Happen. Bonds Plunge to Record Low. This comes after WeWork reported a $1.25 billion loss in Q3. Second thoughts about throwing so many good billions after bad?
Burning cash is easy; It’s quite flammable and just goes up in smoke.
However many billions of other people’s money your outfit burns, just make sure you walk away a billionaire.
How cash-burn machines power the real economy, and what happens to the economy when investors refuse to have more of their cash burned.
This scheme worked wonders for a while but has now run into trouble, and a lot is at stake.
WeWork was just late to the defenestration party.
Signs are now all over Silicon Valley and San Francisco.
The phenomenon has reached historically huge proportions in the Everything Bubble era. But it comes in cycles – with a big impact on the real economy.
But Texans Say, “We’re Full.” And Californians, Buckling Under Housing Costs & Congestion, Tell Wannabe Leavers, “Just Do It”