Allegra Escorts Collective
Toronto Escorts

Did anyone invest in WeWork?

Smallcock

Active member
Jun 5, 2009
13,703
21
38
Ouch

"WeWork is turning into a major real estate debacle. Just a few weeks ago, they valued themselves at $47 Billion USD. Turns out the $47 Billion number is also the amount due to their liabilities in lease payments.

The numbers were buried their prospectus. They readjusted their value down to $10-$12 Billion. Losing nearly $35 Billion in valuation, almost $2-$3 Billion a day.

They have only $3.4 Billion in revenue coming in, on $47 Billion in liabilities

They are losing $120,000 a minute

Losing $5,200 per customer"

https://www.youtube.com/watch?v=iq4aWV-xKA0

https://www.zerohedge.com/markets/wework-bonds-are-crashing-again
 

VERYBADBOY

Active member
Dec 22, 2003
5,369
29
38
Back in the 6ix
I doubt anyone here has invested since their IPO is on the brink of being scrapped before hitting the market.

VBB
 
Toronto Escorts