MAYBE you can feel some emotion for the investors whose money was essentially stolen, by a scam artist?
MAYBE you can feel some emotion for the investors whose money was essentially stolen, by a scam artist?
Honestly, I think investors were quite aware of what kind of business WeWork is. They were hoping to dump the whole hot mess to public markets and walk away, and they failed.
A property leasing company that sub-leases property owned personally by the CEO is a massive conflict of interest and a huge red flag, how these "professional investors" came to the conclusion that it would be a good idea to invest is beyond me.
I've got plenty of sympathy for people being laid off I was just putting forward the case that it was good while it lasted. Less so for investors. From the perspective of the latter you win some, you lose some. And any concerns should be raised with people that funded the company to the tune of billions with what appears to be little governance or due diligence.
Please explain what the scam was, and how money was forcefully or fraudulent taken from the investors. Was the scam the public knowledge of a CEO using private jets to smoke weed and vacation with company money and speaking in cultish phrases? Was it the lack of cash flow? Was it the obvious lack of any moat?