Adam Neumann planned for his children and grandchildren to control WeWork

Re:Adam Neumann planned for his children and grandchildren t... by skinnymuch on Saturday October 19, 2019 @08:41AM (#21298170)

All the Groupon copycats largely failed too. Including Living Social. The other related companies that survived were around before and weren’t focused or only doing Groupon’s schtick (Retail Me Not, Coupons.com parent company, Slickdeals, and the cash back sites like Ebates/Rakuten). Otherwise they all died.

The gig economy startup scene was much much bigger. But it also didn’t completely die out. Airbnb is wildly successful. Apps like Taskrabbit have survived. Handy was surviving. Probably a number more that survived outside the big names.

[ Parent | on HN ]

Re:Adam Neumann planned for his children and grandchildren t... by JohnJamesRambo on Saturday October 19, 2019 @09:06AM (#21298266)

https://www.cnbc.com/2019/10/17/airbnbs-quarterly-loss-repor...

Airbnb is successful but is it sustainable? That’s the question we need to be asking of the Uber generation.

[ Parent | on HN ]

Re:Adam Neumann planned for his children and grandchildren t... by skinnymuch on Saturday October 19, 2019 @09:43AM (#21298415)

Yeah good thinking. Maybe not sustainable at a $35B+ valuation. However it is likely sustainable as a $10B+ company.

Their marketing is largely the reason in that article. Their growth has slowed so that makes sense. Airbnb has been slightly profitable before. And unlike Dropbox who have been in the same position, they don’t have the same competition level.

Article also says they still have $3B in cash and a $1B credit line which is a good sign vs total raised amt.

[ Parent | on HN ]

Re:Adam Neumann planned for his children and grandchildren t... by rasz on Saturday October 19, 2019 @07:08PM (#21301280)

Isnt Groupon just a modern take on Beenz? https://www.youtube.com/watch?v=5o9HEjuXsc0

[ Parent | on HN ]