WeWTF (profgalloway.com)

Article summary

The article discusses WeWork's IPO and criticizes the company's business model, governance, and valuation. The author argues that WeWork's success is largely due to timing and that the company's financials are not sustainable. The article also highlights the company's unusual governance structure and the founder's sale of $700 million in stock. The author concludes that WeWork's valuation is inflated and that the company's IPO is a bad investment.

Main themes

• WeWork IPO
• business model criticism
• governance issues
• valuation concerns
• financial sustainability
• investor skepticism

What commenters say

• WeWork's business model is unsustainable and the company is overvalued.
• The company's governance structure is problematic and allows for self-dealing by the founder.
• The founder's sale of $700 million in stock is a red flag and indicates a lack of confidence in the company's future.
• The comparison to Groupon is apt, as both companies have been hyped and have failed to deliver sustainable profits.
• The company's valuation is not justified by its financials and is driven by hype and speculation.
• Some investors may be willing to take on the risk of investing in WeWork due to its strong brand and cheap capital.
• The company's financials are opaque and make it difficult to determine the true state of the business.
• The IPO process is flawed and allows companies like WeWork to take advantage of unsuspecting investors.