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"WeWork is exhausting people’s cynicism"

In their article for The Wall Street Journal this morning, Maureen Farrell and Eliot Brown reported that WeWork's CEO Adam Neumann met with the Softbank's Masayoshi Son last week about an additional investment, either to purchase a major chunk of the shares in the upcoming IPO... or to delay it until 2020. Additionally, the two report that the company may be seeking a valuation of just $20 billion, less than half of the last private valuation. Says Triton's Rett Wallace in the article, "'I’ve heard no bullish views at all,' said Rett Wallace, chief executive of Triton Research, which analyzes pre-IPO companies for investors. 'There were Uber bulls, there were Lyft bulls, there were Snap bulls.' He added that 'WeWork is exhausting people’s cynicism.'" Link to The Wall Street Journal article - HERE


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