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You might very well think that, and it sounds like you won't be investing. But presumably people who believe "culture" is what makes WeWork a good investment are used to investing in intangible things.



Don't go confusing the kool-aid drinking employees of WeWork with the people investing in WeWork. The 80% haircut on the IPO pricing (to date) is the institutional investor's saying "no thanks" to exactly that type of feel-good BS being spouted in the S1.


Maybe I'd understand better if some one could define what this mythical "culture" is. The closest any one has gotten is copy-pasting marketing stuff from a prospectus.




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