News for hackers. Stuff that matters.

A comment on WeWork Warns of Possible Bankruptcy. Parent comment

Re:WeWork Warns of Possible Bankruptcy by itsoktocry on Wednesday August 09, 2023 @08:47AM (#37061841)
>A snapshot at that time could be used to argue they paid Neumann $x00 million to realise a multi-Billion dollar valuation and $1Bn+ growth in market cap.

This makes no sense to me.

Why would you pay hundreds of millions of dollars to someone for a paper valuation and market cap? It was all meaningless.

[ Parent | on HN ]
Re:WeWork Warns of Possible Bankruptcy by ethbr0 on Wednesday August 09, 2023 @09:33AM (#37062419)
Liquidity. It's the difference between initial equity holders being able to sell and not.
[ Parent | on HN ]
Re:WeWork Warns of Possible Bankruptcy by JacobAldridge on Wednesday August 09, 2023 @04:55PM (#37068265)
Not meaningless, just temporary in a way they didn’t forecast.

Imagine you could buy a house for $200,000, live in it for a year, and then sell it for $1M. Would you take that deal, even if you didn’t like the seller?

[ Parent | on HN ]