News for hackers. Stuff that matters.
Re:WeWork lays off 2,400 employees by lotsofpulp on Thursday November 21, 2019 @01:59PM (#21597975)
>Investors did not do due diligence

One (likely in my opinion) possibility is they did, and they were betting they could find a bigger fool.

Re:WeWork lays off 2,400 employees by rchaud on Thursday November 21, 2019 @02:14PM (#21598190)
Agreed, all the public statements from them were highly bullish, right up until the point where they realized the public markets weren't going to be suckered after the Uber IPO bombed.
Re:WeWork lays off 2,400 employees by jotm on Thursday November 21, 2019 @02:30PM (#21598429)
Hey, it's the bank's fault they approved a 20K credit limit without even checking my ID. They should've done their due diligence beyond seeing the credit score /s
Re:WeWork lays off 2,400 employees by lotsofpulp on Thursday November 21, 2019 @02:33PM (#21598468)
Your statement doesn't make sense to me. If you're claiming that this WeWork situation is similar to someone fraudulently obtaining $20,000 by claiming they are someone else, I have to disagree because there has been no misrepresentations in the WeWork saga that I am aware of.
Re:WeWork lays off 2,400 employees by jotm on Thursday November 21, 2019 @02:38PM (#21598539)
Oh no, there was no identity theft. Just a jobless man cashing in on his credit score.
Re:WeWork lays off 2,400 employees by lotsofpulp on Thursday November 21, 2019 @02:45PM (#21598640)
Then I don't understand how a lender that lends money using the information they requested has been wronged. Even if borrowing money without intending to pay it back is wrong, it's still not relevant to this WeWork situation, so I don't see the point.