[theold]

WeWork debuted through a special purpose acquisition company in 2021 but has since lost about 98% of its value. The company in mid-August announced a 1-for-40 reverse stock split to get its shares trading back above $1, a requirement for keeping its New York Stock Exchange listing.

WeWork shares had fallen to a low of about 10 cents and were trading at about 83 cents before the stock was halted Monday.

https://www.cnbc.com/2023/11/07/wework-f...uptcy.html

[red3]

Power lah

[Niubee]

https://www.livemint.com/lm-img/img/2023...634590.jpg

[Blasterlord2]

Temasek Holdings lost how much money?

[Manthink]

WeWork debuted through a special purpose acquisition company in 2021 but has since lost about 98% of its value. The company in mid-August announced a 1-for-40 reverse stock split to get its shares trading back above $1, a requirement for keeping its New York Stock Exchange listing.
WeWork shares had fallen to a low of about 10 cents and were trading at about 83 cents before the stock was halted Monday.

https://www.cnbc.com/2023/11/07/wework-f...uptcy.html

This real-estate US-coy has a very interesting history...

- 1st CEO and co founder is an Israeli-American who was forced to quit the WeWork after kenna caught playing scam during IPO attempt in 2019
- 2nd CEO is an Indian-American quit in June this year after can't get $ from its major investor Soft-bank..

https://www.nytimes.com/2023/06/12/busin...hrani.html

https://en.wikipedia.org/wiki/Adam_Neumann

[[[ForeverAlone]]]

weird, they claim SG side never close or retrench people.

I doubt so, more likely is next month or early next year.

[Manthink]

And who is one of  WeWork's biggest investor who got suckered into a property-centric startup that supposed to worth "billions" ?

Japan's Softbank.

[Manthink]

weird, they claim SG side never close or retrench people.
I doubt so, more likely is next month or early next year.

I think you had been living under a deep deep Well...Only in M'sian were promised their career and jobs are Iron Rice Bowl...until 1MDB etc etc....happen...

[[[ForeverAlone]]]

I think you had been living under a deep deep Well...Only in M'sian were promised their career and jobs are Iron Rice Bowl...until 1MDB etc etc....happen...

is Mainstream report claim WeWork say SG side never close shop " which I doubt so surely will "

https://www.facebook.com/TheStraitsTimes...9l?__cft__

[Manthink]

https://www.livemint.com/lm-img/img/2023...634590.jpg

Nothing beats giving the good impression of being Rich, Successful, Dynamic, Charismatic and Persuasive as SBF,  Elizabeth Holmes or even our Kong Hee ...

[Manthink]

is Mainstream report claim WeWork say SG side never close shop " which I doubt so surely will "

Last time I thought Softbank people are too smart to be suckered by WeWork that didn't work..

Now [[ForeverAlone]] does better being by being smarter in believing in "Mainstream report"

[zzzzzzz]

looks like it is not working well for wework

[Manthink]

looks like it is not working well for wework

It is all too familiar -- when something looks too good to be true...

If this happens in China, those scammers will be jailed in no time.

[Sentinel]

Already said, it's all in the name

Who likes to work?

So WeWork is doomed to fail right from the start

[victortan]

This big name fail means more bad time ahead or what???

i think so,

another black swan event on the horizon??? akan datang.

[Manthink]

This big name fail means more bad time ahead or what???

i think so,

another black swan event on the horizon??? akan datang.

Ukraine War in 2022, Israel-Gaza War in 2023....Seems more Black Swan event in 2024...When US heads for presidential election.