WeWork Parent Weighs Slashing Its Valuation in Half

Re:WeWork Parent Weighs Slashing Its Valuation in Half by Gibbon1 on Thursday September 05, 2019 @03:41PM (#20890057)

So basically a huge pump and dump

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Re:WeWork Parent Weighs Slashing Its Valuation in Half by JumpCrisscross on Thursday September 05, 2019 @04:58PM (#20890575)

> So basically a huge pump and dump

Softbank have been transparent from the start. When Uber did its split round, even on HN, a number of commenters were convinced the spread was legitimate. That the top-of-the-stack pref was actually worth 2x the next-in-line pref. The media fetishised the post-money valuation, and the details got lost in the conversation amongst uninformed investors.

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Re:WeWork Parent Weighs Slashing Its Valuation in Half by joering2 on Thursday September 05, 2019 @04:27PM (#20890378)

But did they break any laws? Can SEC or AG cone after them? AFAIK they dont even have US presence right? Its all China owned??

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Re:WeWork Parent Weighs Slashing Its Valuation in Half by mlyle on Thursday September 05, 2019 @04:36PM (#20890433)

Softbank is a Japanese holding company.

Organizations making large investments in US companies and US markets are absolutely subject to US securities laws.

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Re:WeWork Parent Weighs Slashing Its Valuation in Half by Gibbon1 on Thursday September 05, 2019 @06:54PM (#20891381)

Not accusing them of breaking laws. Just manipulating the valuation knowing it's not supportable.

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