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by moneywoes 2436 days ago
Wow, what a fall from grace. Weren't they valued at 72 billion earlier?
3 comments

If you sell a pig to yourself for $72Bn, does that make it worth $72Bn?

It was valued at $20Bn in 2017 based on a $4.4Bn investment from SoftBank (where they were the sole investor). It was then valued at $45Bn in 2018 based on another $3Bn investment from SoftBank (when SoftBank was already the largest investor -- by far). Then, SoftBank made ANOTHER $1Bn investment later in 2018 "valuing" WeWork at $47Bn.

WeWork was ever valued at $72Bn. Maybe you're thinking of Uber.

It's not grace if it's mostly smoke and mirrors: it's hubris.
46B. Still insane.