Is WeWork really overvalued?
WeWork is a phenominal idea, but the valuation is extremely overvalued. Recently they have put themselves in over $4 billion of debt, which puts them is a very tricky situation. From an interview of Tyler Droll and Brooks Buffington (the founders of YikYak) I’ve learnt what actually happens in the backstage.
Is WeWork really a tech company?
WeWork is not a technology company because its profits are derived from subscription membership fees ultimately tied to office real estate. But I’m going to answer “yes”.
Did WeWork go public?
WeWork is now going public in a new merger, two years after its first disastrous attempt ended in controversy, financial loss, and Neumann’s unceremonious removal. Here’s a breakdown of how, exactly, Neumann’s unicorn blew up, and a look into where he is now. What happened to WeWork?
What is WeWork Worth now?
With WeWork stock trading at $6.37 per share, the total value of WeWork stock (market capitalization) is $4.61B. WeWork stock was originally listed at a price of $10.03 in Aug 5, 2020.
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