[NickC25]

Agreed.

I also hope that people understand why certain industries or companies trade at certain multiples, and that a company that clearly isn't in that industry can't magically claim that they are so they get a huge multiple.

WeWork is not tech. It was never tech. It will never be tech. It shouldn't have ever traded at tech multiples or valuations. The closest thing WeWork was to tech is that some tech workers worked out of places owned by WeWork. End of the day it's fucking real estate, nothing more, nothing less. Real estate that was poorly managed by a shady dude, nonetheless.

But alas, people want hype, and even more people want to believe the hype.

[zeruch]

"WeWork is not tech. It was never tech. It will never be tech. It shouldn't have ever traded at tech multiples or valuations."

TBH, most tech shouldnt be traded at tech multiples of valuations.

[figassis]

That is also true, but the subset of companies that can be, does not include non tech companies. I mean, there are non tech companies that are worth a lot, lien coca-cola, or oil companies, or Walmart, but you can see what and how long it took to get there. They were not rocket ships.