Morgan Stanley told WeWork its valuation could hit $104 billion, Goldman Sachs estimated the high end at $96 billion, while JPMorgan said it might reach a more modest $63 billion, according to the Financial Times.
How are these three companies still not fined by sec for fraud ?
> is WeWork the most stylish ponzi scheme of all time?
Almost. The investors caught them exit-scamming and forced them to postpone the IPO due to further scrutiny of their profitability plans. As for the CEO banking his shares pre-IPO, it doesn't give confidence in investors that they are actually profitable or worthy of being $47B (Now less than $9B).
I rarely attack on character here, but I'm afraid this exit-scam almost strongly resembles a certain joker taking his circus on the stock market.
One worker said: “I left crypto to join an even more ludicrous ‘parody, IRL [in real life]’ enterprise. Didn’t even think that was possible.”