IPOs Crash & Burn, Debris Hits Housing, Office Markets by Wolf Richter • Oct 2, 2019 • 94 Comments Signs are now all over Silicon Valley and San Francisco.
Nearly out of Cash, WeWork Shifts into Shrink & Survive Mode by Wolf Richter • Sep 26, 2019 • 126 Comments The house cleaners come in, halt all new leases, dump side businesses, sell corporate jet, lay off thousands, purge “Adam’s posse” – in just two days.
Altria Rues the Day it Plowed $13 Billion into Super-Unicorn Juul by Wolf Richter • Sep 23, 2019 • 126 Comments Dark Side Comes to the Fore: Juul is the Second Highest Valued US Unicorn, Behind WeWork Which Crashed & Burned. Now it’s Juul’s Turn.
WeWork IPO, the Straw that Breaks the Stock Market’s Back? Valuation Plunged by up to 79% by Wolf Richter • Sep 13, 2019 • 152 Comments “They’re Going to Screw Up the Market”: Jim Cramer, on the moment-of-truth effects of the WeWork IPO.
In Hilarious IPO Filing, WeWork Dreams of $3 Trillion in Revenue But Has Billions in Losses. Red-Ink Massacre to Come in 2nd Half by Wolf Richter • Aug 14, 2019 • 145 Comments All in next-gen corporate speak to give you the warm & fuzzies. Meanwhile, Uber hits new low, down 24% from IPO price.
How Can a Company with $1.8 Billion in Revenue Lose $1.9 Billion? WeWork Shows How by Wolf Richter • Mar 25, 2019 • 108 Comments The financial world has gone nuts.
Preparing for a Coming Winter Storm? WeWork Pivots to Minimize Risk for Itself by John McNellis • Jan 28, 2019 • 56 Comments WeWork landlords in America are likely to learn: In a down market, they’re all going to be partners, voluntarily or otherwise.
Does WeWork at All? by John McNellis • May 16, 2018 • 46 Comments 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.
Peak-Bubble for Junk Bonds, Says WeWork Bond Sale by Wolf Richter • Apr 24, 2018 • 51 Comments When is it gonna pop?
Peak US Asset Prices? Japanese Acquisitions Hit Record by Wolf Richter • Aug 27, 2017 • 24 Comments Their buying binge in the US goes into the “Contrarian Indicators” category.
