And This Bubble’s Angelo Mozilo Award Goes To…..Adam Neumann! Or Why WeWork Is A Fraud

The only reason it was valued at $47 billion is purely because one individual in Japan bafflingly and solely invested a total of $12 billion, in 9 separate funding rounds, each at double the price (and valuation) he (and he alone) paid less than 6/12 months prior. Since Softbank first invested in 2012, nobody else has invested. The only two people who claim WeWork is worth $47 billion are Masayoshi Son and Adam Nuemann. As long as we’re debating, and continue doing so until after the IPO Adam & Miguel are loving it.

 

 

 

 

 

 

 

View story at Medium.com

https://medium.com/@henry.hawksberry/is-we-work-a-fraud-5b78987d3e61

 

 

 

View story at Medium.com