Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising...
by hn_throwaway_99 on Friday December 16, 2022 @03:40PM
(#34020045)
> Neumann has begun purchasing apartment buildings and, as of early 2022, owned some 4,000 apartments worth about US$1 billion, primarily located in the American South.
This is Neumann's "Flow" company that a16z backed with $350 million this summer. Scheduled to launch next year, will be interesting to see how it fares in this new interest rate environment.
Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising...
by rchaud on Friday December 16, 2022 @03:47PM
(#34020127)
Maybe after that tanks, they can hire him again as a Criss Angel impersonator. He does seem to have formidable powers of telekinesis, the money just flies into his pockets!
This is Neumann's "Flow" company that a16z backed with $350 million this summer. Scheduled to launch next year, will be interesting to see how it fares in this new interest rate environment.
https://techcrunch.com/2022/10/18/a16z-chris-dixon-adam-neum...
https://en.wikipedia.org/wiki/Flow_(real_estate_company)