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What are people's thoughts on WeWorks? Seems a little ridiculous
| dashing chartreuse famous landscape painting base | 03/04/15 |
| shaky exhilarant casino | 03/04/15 |
| 180 pontificating dragon | 08/31/15 |
| Adventurous native | 03/26/19 |
| Chrome irradiated kitchen organic girlfriend | 03/26/19 |
| Rusted business firm pozpig | 04/10/19 |
Poast new message in this thread
Date: March 4th, 2015 1:46 PM Author: dashing chartreuse famous landscape painting base It is basically the same as a traditional sub-landlord, but cooler, and that supposedly justifies a much higher valuation than a real estate company. (http://www.autoadmit.com/thread.php?thread_id=2822271&forum_id=2#27428180) |
Date: March 4th, 2015 8:03 PM Author: shaky exhilarant casino Branding/clients matter a lot. Your logic is flawed. Lots of successful startup companies are not a lot different than their traditional economy equivalent. (http://www.autoadmit.com/thread.php?thread_id=2822271&forum_id=2#27430284) |
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Date: August 31st, 2015 11:50 PM Author: 180 pontificating dragon https://www.theinformation.com/weworks-gamble-on-growth?
Cliffs:
- In 2014 had $75M of revenue and $4M of operating profit - Wework is locking in long term leases (likely at peak rates) to obtain benefits such as 1 year free rent - This rent benefit is not amortized; the P&L reflects rent revenue with no matching lease expense - This is complete bullshit and only used to pad near-term profitability
Fucking fraudlies. This is a fucking landlord valued like an internet startup with limitless growth potential
edit: here is a biz insider article with some ungated info http://www.businessinsider.com/weworks-financial-projections-may-be-hard-to-meet-2015-8 |
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Date: March 26th, 2019 10:01 AM Author: Adventurous native Good call (http://www.autoadmit.com/thread.php?thread_id=2822271&forum_id=2#37992189) |
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Date: March 26th, 2019 10:05 AM Author: Chrome irradiated kitchen organic girlfriend Had a client that needed to assign their wework lease. Lease was not assignable by its terms but some manager at the office just signed and let do. My only experience with them. (http://www.autoadmit.com/thread.php?thread_id=2822271&forum_id=2#37992208) |
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Date: April 10th, 2019 1:48 AM Author: Rusted business firm pozpig (http://www.autoadmit.com/thread.php?thread_id=2822271&forum_id=2#38066136) |