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WeWork plans to file for bankruptcy as early as next week, source says
(www.reuters.com)
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this post was submitted on 01 Nov 2023
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WeWork was nothing but a scam to fleece money from investors. Only a fool would believe a real estate company is a tech company. And that fool is Masayoshi Son.
WeWork: It's not a real estate company, it's a tech company!
Theranos: It's not a healthcare company, it's a tech company!
Juul: It's not a vape company, it's a tech company! (though oddly enough, they would have also accepted, "It's not a vape company, it's a healthcare company!)
FTX: It's not a ~~pyramid scheme~~ financial company, it's a tech company!
What is sad is how we had to establish human rights on a computer in the 1990s, and then establish them again on the internet in the 2010s and now on a smartphone
Because with each iteration our legal system sides with overreaching law enforcement whenever it's a new state of technology.
What? Not a tech company? But the CEO is hip, young and wears casual clothing! He's obviously a tech genius /s
The free wine and kombucha they had on tap was nice though.
One regret of mine was avoiding WeWorks while they were hyped up on VC money because I thought it was a stupid idea. Turns out I should have just drank the free beer and let them implode on their own
There will come a day when people will realize that even tech companies aren't worth that much.
Older folk who went through the dotcom bubble burst should know, but they don't somehow. Oh well a third once in a lifetime market crash in 20 years would just be icing on the molten icecaps cake
I work in tech and I know it, Wall Street still doesn't I guess. Just look at how much they think our LLM's masquerading as AI are worth.
Why do you want to fuck spez?