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(CNBC)   Last year, WeWork was valued at $47 billion. At year-end, it was down to $7.3 billion. Today? $2.9 billion   ( divider line
    More: Fail, Discounted cash flow, Free cash flow, SoftBank Founder, Masayoshi Son, SoftBank, Cash flow, Vision Fund portfolio companies, SoftBank Mobile  
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434 clicks; posted to Business » on 19 May 2020 at 7:57 AM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook

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2020-05-18 9:52:29 PM  
5 votes:

That sounds about $10B too high
433 [TotalFark] [BareFark]
2020-05-19 4:08:58 AM  
3 votes:
The people behind must be losing their goddamned minds every farking day.
2020-05-19 8:07:47 AM  
2 votes:
Some of these startups look an awful lot like pump and dump schemes.
2020-05-19 5:41:59 AM  
2 votes:

433: The people behind must be losing their goddamned minds every farking day.

Webvan would like a word...
2020-05-18 10:53:33 PM  
2 votes:
TheyBroke (tm)
2020-05-19 10:13:21 AM  
1 vote:

Rhyno45: Pretty sure it's worth Jack S*it.

Probably negative, given the long-term leases it is locked into.

VC don't seem to understand the basic differences between software companies that can grow with very little additional costs and physical product companies where growth and costs are in a virtual lockstep.
2020-05-19 9:51:14 AM  
1 vote:
Too bad they didn't go public before Covid happened.

If they had, their stock would probably be like 500 bucks a share and climbing based on the past couple market's performance.
2020-05-18 10:10:37 PM  
1 vote:
We Work.....wayyyy over there... at home.
2020-05-18 9:46:30 PM  
1 vote:
Awwwww. That's too bad.

*sad trombone*
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