• Triton

WeWork's Burden of Proof to Investors

In an appearance today on Bloomberg TV, Triton's Rett Wallace walked through the poor disclosure in WeWork's S-1 that caused him to call the filing "a masterpiece of obfuscation". "It's a question of burden of proof," said Wallace. "If you lose $1.6 billion on the bottom line you would think that you would be motivated to make it really easy for investors to understand why they should hand over $3.5 billion more dollars to you. But they obviously decided that they didn't have to do that." Link to excerpt from Bloomberg TV - HERE