Sep 12, 2019
WeWork is in the news with preparations for its IPO, and Dan targets his weekly rant on the company’s mission you’ll never be able to deduce from its IPO filings.
With its mission statements reading like mantras – “elevate the world’s consciousness, community company committed to maximum global impact,” Dan gets to the really damning statistic buried deep in the filing – “the bigger they get, the bigger their losses get. This thing ain’t working.”
Dan then gets to the bubble in late-stage private financing, vulture capitalist Martin Shkreli’s latest antics, AT&T’s huge move, and the similarities between stocks today and stocks in 2018 right before the 20% plunge.