SoftBank to Take Control of WeWork: Sources
cnbc.com
cnbc.com
> Fallout from the controversies and subsequent plummet in value has led to a tense relationship between former Neumann and SoftBank's [Masayoshi] Son, who has invested billions into the start-up. Neumann stepped down last month. It was also reported that SoftBank has readied a financing package to take control of the company and further sideline Neumann, who is also a co-founder."
Sounds like SoftBank's interested in eradicating references to Neumann.
Should Neumann be the focus of why WeWork faired so poorly? Or is he just the fall guy? I don't know, so if someone could enlighten me that would be great.
SoftBank was just running a pump’n’dump; Pump up the company for an IPO, dump it on the market to realize the losses. Luckily, people are starting to catch on to these schemes from tech companies.
What I’m wondering is, what would we see if we analyzed Snapchat or Twitter with the same lense? Snapchat is basically dead now, yet it IPO’d at $24 billion. Once Trump is done, Twitter will die down too, and everyone will be left wondering, is this thing really worth $31 billion?
Twitter and Snapchat value doesn't come from their tech, but from their user base.
When you know those differences, you indeed might be better at picking horses.
> The deal values WeWork between $7.5 billion and $8 billion before the infusion, sources familiar with the matter say.