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Started By
Message
re: Japanese bank will pay WeWork ceo Neumann $2b to go away. (Payoff details are insane)
Posted on 10/22/19 at 4:14 pm to Dr RC
Posted on 10/22/19 at 4:14 pm to Dr RC
quote:
I still don't understand how banks and investors thought a business that is little more than a go between property owners and renters was a billion dollar company.
There's absolutely a large market especially in big cities for Regus and WeWork type of companies. I think they are overextended certainly. But you say Billion dollar company when they have Billions in leases, their evaluation in the Billions is not likely far off. $47 Billion certainly for WeWork.
They are not for me, but I get their market too.
0
Posted on 10/22/19 at 4:16 pm to agregime1
KING of the CON ARTISTS AWARD FOR THE CENTURY
Posted on 10/22/19 at 4:46 pm to PUB
KING of the CON ARTISTS AWARD FOR THE CENTURY
Liz Holmes says hold my beer and my black turtleneck
Liz Holmes says hold my beer and my black turtleneck
Posted on 10/22/19 at 4:48 pm to TheCaterpillar
quote:
And I just don't get why
They have no proprietary technology. They don't sell technology. They sell temporary office space with wifi and rose pedal flavored toilet water.
It is a real estate company. Why hasn't the world realized this
You’re absolutely right and many have picked up on this. Also, many of these large office buildings in major cities will begin offering the same services in house. There are already buildings being built out this way and that is the hope for these buildings if the company craters.
Posted on 10/22/19 at 4:53 pm to agregime1
Completely dilutes value of private equity shareholders.
This post was edited on 10/22/19 at 4:56 pm
Posted on 10/22/19 at 4:55 pm to agregime1
White Collared - Gangsta Disciple
Posted on 10/22/19 at 5:08 pm to Rouge
quote:
A lot of holes in the desert
A lot of problems buried in those holes
One of my top 5 favorite movies.
Posted on 10/22/19 at 7:08 pm to agregime1
I’ve been to Regis owned spaces for work, but it was a work from home guy who just needed a meeting space for a few hours.
I guess I understand the concept of renting out a conference room for a few hours for a meeting. I thought the appeal of working from home was actually working from home.
I guess I understand the concept of renting out a conference room for a few hours for a meeting. I thought the appeal of working from home was actually working from home.
Posted on 10/22/19 at 7:21 pm to deltaland
quote:
This is a classic example of “owe the bank 1 million dollars and the bank owns you, owe the bank 500 million dollars and you own the bank”
Signature Donald Trump tactic.
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