Re:WeWork Bonds Drop Below Par for First Time Since IPO Filing
by nabdab on Tuesday September 10, 2019 @01:17PM
(#20930628)
Framing the entire market as “either you buy into this single obvious scam or everything falls apart” is extreme. WeWork has been a gamble throughout, and the latest antics just pushed investors from “yes its a bad investment long term but short term I’ll make a profit” into straight up “this bag is on fire and I’m sure it’s filled with shit so I’ll let someone else step on it”. Wework failing is not going to trigger a complete market collapse. When Theranos blew up the next Monday was business as usual for every single other company.
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Re:WeWork Bonds Drop Below Par for First Time Since IPO Filing
by fastball on Tuesday September 10, 2019 @01:30PM
(#20930783)
There are a lot of big startups without a good business model who have been surviving on copious amounts of easy capital.
Re:WeWork Bonds Drop Below Par for First Time Since IPO Filing
by sjtindell on Tuesday September 10, 2019 @03:03PM
(#20932090)
For me as occasional observer, the first shot across the bow was the Uber S1. It seems to have made a lot of people pause and question the business models of other companies as well. Nobody jumping ship, but caution in the winds.
Re:WeWork Bonds Drop Below Par for First Time Since IPO Filing
by atombender on Tuesday September 10, 2019 @09:55PM
(#20935851)
To throw caution to the winds means to be careless (you're throwing caution away). Is "caution in the wind" an actual phrase?
Re:WeWork Bonds Drop Below Par for First Time Since IPO Filing
by cmendel on Wednesday September 11, 2019 @02:15PM
(#20943074)
Pretty sure they just meant that caution is the order of the day.
Re:WeWork Bonds Drop Below Par for First Time Since IPO Filing
by alexis_fr on Tuesday September 10, 2019 @01:47PM
(#20930998)
...and a healthy market must make bad ones go under. Some of those companies should have been stopped way earlier.
Re:WeWork Bonds Drop Below Par for First Time Since IPO Filing
by UncleOxidant on Tuesday September 10, 2019 @03:34PM
(#20932594)
Now do Uber.