WeWork IPO, stillborn

Actual research from Reddit:

tl;dr: IN MY OPINION WeWork is at best an incredibly tenuous business idea that operates on the idea that their growth, building construction, and the economy as a whole won’t slow down in the next 2 years and at worst is structured like a Ponzi scheme that only works if it is able to infinitely increase the number of tenants and buildings if it can’t break even. Their financials look worse and worse and are predicated on multiple bad ideas, mainly how they account for deferred rent as subletters and their “growth model”.

https://www.reddit.com/r/path%3D%252Fr%252Fwallstreetbets%252Fcomments%252Fd6618z%252F
 
Look who is back?:

https://nypost.com/2022/08/16/investors-slam-wework-founder-adam-neumanns-disgusting-comeback/

"Controversial WeWork founder Adam Neumann is raking in massive amounts of investor cash for his new real estate startup — but some venture capitalists are cringing at the comeback plan.

After news broke on Monday that Neumann’s new residential real estate startup, Flow, had raised a reported $350 million from prominent venture capital firm Andreessen Horowitz at a valuation north of $1 billion, several tech investors and founders reacted angrily. "
 
I'm going to start my own company...Raise a few billion. I'll go head to head with them...I'll call it "You And Me Work". We'll see who lasts...

What was proprietary about this company?? Proprietary information encompasses virtually anything a business uniquely does or creates. It includes corporate intellectual property with federal protections, such as patents, copyrights, and trademarks, as well as confidential information, know-how, and trade secrets.
 
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