Re:WeWork lays off 2,400 employees
by lotsofpulp on Thursday November 21, 2019 @01:55PM
(#21597912)
>It's his fault because he accepted the price for his business! He was in numerous conversations where people wanted to invest in WoWork and he told them that the valuations they were investing at were not just reasonable, but under the real market price - which is why venture buys into companies.
What? It's his fault that he was able to hoodwink all these amazingly smart venture capital owners into investing?
No. What happened was some venture capital owners made a bet that they could find a bigger sucker to dump their shares on. But that bet went sideways. Nothing more. There is no indication of any fraud yet. Just some people that thought an eccentric personality could help them ride the wave of funding.
What? It's his fault that he was able to hoodwink all these amazingly smart venture capital owners into investing?
No. What happened was some venture capital owners made a bet that they could find a bigger sucker to dump their shares on. But that bet went sideways. Nothing more. There is no indication of any fraud yet. Just some people that thought an eccentric personality could help them ride the wave of funding.