[yieldcrv]

I had several WeWork employees in my friend groups in SF

they were gullible as hell and were educated people that couldn't understand a single word of Wall Street Journal and the investment banking community's dunking and pile-ons about WeWork

they couldn't understand the tech community's dunking and pile-ons about WeWork

everyone was saying "why are investors buying shares of this company at prices as if its a tech company"

employees were like "my first tech company omg guys I love shares and family"

just collect a paycheck, its fine, but the hopium was flat out dumb. its one thing to be at a startup that never tells you its valuation or gives you a clear answer about the strike price of your options in a way for you to model an outcome, its another thing for the financials to be presented clear as day and put blinders on.

[vasco]

It is difficult to get a man to understand something, when his salary depends upon his not understanding it.