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by skinnymuch
2435 days ago
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Definitely I think it has to be that the company was trying to go public. With S-1 filing meaning they wanted to within a month. I also think it’s possible if WeWork IPO’ed in late 2018 or right before Lyft in 2019 and/or the “valuation” never spiked to $47B, it could’ve gone public. One problem is their revenue doubled in the past year while maintaining losses which is a good thing. They wouldn’t have had that same giant revenue to boast about if the S-1 was filed 3 quarters earlier. Nonetheless, actually giving out the S-1 makes this fun and juicy news. Having SoftBank/Vision Fund behind it, and billions in funding from other investors as well makes it even more interesting. The founders and their corruption and bullshit, specifically Neumann, add on to this as well. |
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