WeWork Seeks $4bn Lifeline

by sna1l on 10/8/2019, 4:00 PM with 3 comments
  • by rumanator on 10/8/2019, 5:33 PM

    It boggles the mind how a company asks for a $4bn investment and describes it as a lifeline.

    The defence budget of some NATO countries is less than that.

  • by mdorazio on 10/8/2019, 4:29 PM

    I certainly hope the lifeline comes with a hell of a lot more penalties for WeWork than just a lower valuation. At this point they need to be forced into an actually sustainable business model and Neumann needs to be completely kicked out this time.

  • by ahi on 10/8/2019, 4:16 PM

    > "They also intend to sell ancillary businesses that provide marketing, networking, and office-cleaning services"

    Those ancillary businesses' main (only?) client is WeWork. I don't expect them to get top dollar.