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Comment by rmason | Hacker News Reader

Jason Calacanis predicted that he'd give the trademark back in this past Friday's episode of TWIST right at the 16:40 mark. But he didn't double his post IPO lockup which is the other thing Jason suggested that he do.

https://thisweekinstartups.com/e969

I've got a friend who runs a very successful co-working center. She competes against WeWork and said the first half of this episode is the single best discussion of the WeWork IPO.

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Thanks very much for posting that, was very informative. My favorite tidbit was when Molly Wood was saying that she heard from a financial analysis firm that specializes in obfuscation that this was the most unclear S1 they had ever seen in terms of hiding basic financial metrics, and the other guest said he couldn't even figure out what the GAAP margin was after reading the S1. That to me is more damning than any other shenanigans.

Why wouldn't they clearly state the most basic financial metrics if this was anything else besides a steaming, raging dumpster fire?

For those curious, the other guest was Alex Wilhelm, a regular financial reporter of startups and their S1s. He's pretty well-equipped to dig into them.

He said in that video that the information contained in the S-1 was worthless. If in the know journalists are trashing it then who is going to be buying this stock?

Pension fund managers.

You, your family, and your friends via their 401k mutual and index funds.

WeWork has dual class shares so it won't be included in the S&P 500 at a minimum.

Reference: https://fortune.com/2019/08/20/wework-ipo-s-and-p-500/

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