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A comment on WeWork’s Once Robust Cash Reserves Have Dwindled, Raising Chances of Default. Parent comment

Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by benjaminwootton on Friday December 16, 2022 @03:20PM (#34019741)
People had to endure the hero worship of people like Adam Neuman and SBF on the way up. Being as some people called it out as a bubble on the way up, they are probably entitled to a little bit of ‘schad when the wheels come off.
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Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by fragmede on Friday December 16, 2022 @03:26PM (#34019831)
Except Neumann's a billionaire and isn't involved with WeWork anymore after all that, so I'm not sure there's even that much to be had. What's left is the little people who eked by to get a job at WeWork and then got boned by Neuman as well.
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Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by rchaud on Friday December 16, 2022 @04:01PM (#34020304)
The schadenfreude is reserved for the geniuses at A16z and other 'vibes' VCs that continue to throw money at him.
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Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by ethbr0 on Friday December 16, 2022 @05:15PM (#34021259)
The best heist Neumann pulled was blackmailing SoftBank into buying out his WeWork shares.

It was fairly obvious the musical chairs had stopped, and yet he managed to sell his standing-only-spot at chair-valuation.

SoftBank should be sued by its investors over that farce.

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Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by fragmede on Friday December 16, 2022 @05:25PM (#34021420)
The bit with him renaming the company We, while owning we.com and then leasing it back to the company was a pretty good one though.
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Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by mnky9800n on Friday December 16, 2022 @06:12PM (#34021911)
don't worry, he will lease you your next flat. You don't deserve to own it:

https://nypost.com/2022/08/15/wework-founder-adam-neumann-sc...

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