WeWork Issues Going-Concern Warning

Just wrote an article about this:

https://innovationnation.blog/p/wedidntwork?sd=pf

They have over $16B in lease obligations they would default on if they go bankrupt. This would be catastrophic to the already challenged commercial real estate sector.

Neumann has moved on to a new grift

https://fortune.com/2023/07/13/adam-neumann-why-marc-andrees...

SoftBank has had five consecutive negative quarters.

https://finance.yahoo.com/amphtml/news/softbank-qtrly-loss-n...

Somewhere in all this billionaires were minted. What a life.

Not a ton of information, but regardless: https://archive.is/zQb3h

For 100 years economists will be writing papers are all the mis-allocated resources under ZIRP.