• Triton

Too expensive at half price

In his article today discussing the rumored valuation cut facing WeWork, Bloomberg's Drew Singer spoke with two investors who felt that, even at half of its last private valuation of $47 billion, WeWork may still be too expensive on a forward revenue multiple basis. In doing so he interviewed Triton's Rett Wallace, who said "The burden of proof is still on WeWork to explain why the equity value of a company with billions of obligations and billions of losses isn’t zero." Full article on Bloomberg - HERE