Billionaire activist Bill Ackman said WeWork has a"high probability" of being worth zero while speaking at the Robin Hood Investors Conference on Tuesday, according to the Financial Times. Ackman also said WeWork co-founder Adam Neumann is"an amazing salesman," the FT reported. Last week, the embattled office-rental company was taken over by SoftBank in a multi-billion-dollar rescue deal. Click here for Business Insider's full coverage of the WeWork saga.
Billionaire activist Bill Ackman said WeWork has a"high probability" of being worth zero while speaking at the Robin Hood Investors Conference on Tuesday, according to the Financial Times. Ackman also said WeWork co-founder Adam Neumann is"an amazing salesman," the FT reported. Last week, the embattled office-rental company was taken over by SoftBank in a multi-billion-dollar rescue deal. Click here for Business Insider's full coverage of the WeWork saga.
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WeWork Is Reportedly Expanding Into Esports With New ‘Play By We’ VentureIt could be a new business opportunity for the struggling startup. 🤗🤗🤗 Is this the Onion? Seems wise to invest in a new industry that has massively inflated numbers for viewership, revenue and investment. What could possibly go wrong?
Source: Forbes - 🏆 394. / 53 Read more »
WeWork Is Reportedly Expanding Into Esports With New ‘Play By We’ VentureWeWork recently trademarked a new professional gaming arm called Play By We by skleb1234 skleb1234 👍
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Former WeWork CEO Adam Neumann inspired some of the best Halloween costumes this yearWeWork cofounder Adam Neumann's signature look of a white t-shirt and shoulder-length brown hair made him an easy costume this Halloween.
Source: BusinessInsider - 🏆 729. / 51 Read more »
WeWork Debacle Teaches Investors a Lesson About ValueThe shock of WeWork’s failed IPO has helped awaken investors from the dream that easy finance will last forever. Google getting rid of the wrong in their market ? did not help ....... many Trumpers Let's get by this UN-happy anniversary day. During the DotCom bubble I thought of this as California thinking. Profitability does not matter. Proof again that GAAP means something after all.
Source: WSJ - 🏆 98. / 63 Read more »
WeWork is reportedly getting into esports with Play By We, which could rent its office space for professional gaming eventsPlay By We could help mold WeWork's coworking properties into specialized video game event centers for a growing industry. No one wants their services. Fuck that company Hasn't WeWork learned that it needs to focus on its core business?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Nikesh Arora, who advised against WeWork deal at SoftBank, says throwing cash at founders doesn't always workNikesh Arora, the CEO of Palo Alto Networks, criticized the approach of his former employer, SoftBank, which has been writing massive checks for tech founders.
Source: CNBC - 🏆 12. / 72 Read more »