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comment by kleinbl00
kleinbl00  ·  4 days ago  ·  link  ·    ·  parent  ·  post: Random quotes of the week

Whelp, WeWork raised another billion dollars.

https://www.wsj.com/articles/wework-raises-1-billion-in-debt-from-softbank-as-revenue-doubles-1533849008

Also, they've lost $723m this year. This raises Softbank's investment to over $5b in a company that loses more than a billion dollars a year.




francopoli  ·  3 days ago  ·  link  ·  

This is starting to give me a Skyscraper Index vibe. Stocks are shit, bonds are flat, where else are you going to dump money?

b_b  ·  4 days ago  ·  link  ·  

It's a good thing that WeWork exists, because it makes literally every other overvalued tech company look reasonable by comparison.