[thesausageking]

This has to be tough for all of the WeWork employees who were paper millionaires and now have stock options that likely won't survive all of SoftBank's preferences when and if WeWork finally IPOs.

[dannykwells]

I'll be honest here, cry me a river. Everyone who joins a pre IPO company should value their stock at 0.

[AbrahamParangi]

That seems uncharitable given the CEO looks to be walking away with ~$900M total from the endeavor while everyone else gets... nothing? Probably?

[icotyl]

Evidence why people should value their stock at zero.

[DebtDeflation]

>the CEO looks to be walking away with ~$900M total from the endeavor

How much of the previous $700M did he actually walk away with though? Everything I've read suggests that he only sold a small portion of the $700M in stock, and the majority he kept and borrowed against to buy the buildings he leases back to WeWork. In one of the negotiations post IPO collapse, he agreed to give any profit he makes off those leases back to WeWork. Also, at what valuation level for WeWork is $700M for his equity even based on?

[xenospn]

thousands of people crushed. Really awful.