WSJ: WeWork: A $20 Billion Startup Fueled by Silicon Valley Pixie Dust; CEO OUSTED REMAINS CHAIRMAN

Jx2

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Sureeee We Work is the problem. . .

Think about this. . . What kind of system and financial infrastructure is at play here if ANY company can be "overvalued" by 10's of billions of dollars? . . . And that's all We Work's fault. Same article's were written about Facebook and a host of other companies.

Article's like these are only attempt to act as if the stock market is based on fundamentals. . . It's not. We Work is worth whatever lie investors are willing to believe. Once IPO's nothing else matters so long as their earning aren't astronomically lacking. It's all a con . . . But make money if you can.
Exactly. Its as stupidly subjective as valuations for works of art. Like that Banksy piece that is worth more now as a destroyed artifact :mindblown:

Did people call out Banksy? No...in fact he laughed somewhere quietly as idiots in that room pledged to pay more for a sullied piece of art while proving that we live in a sham of a capitalistic society. Onlookers and critics alike laughed like "That wily Banksy, always up to his hijinks :smugbiden:"


Yet everyone is quick to call this guy an idiot. I don't get it
 
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