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WeWork plans to file for bankruptcy as early as next week, source says (www.reuters.com)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 74 points 9 months ago* (last edited 9 months ago) (5 children)

WeWork was nothing but a scam to fleece money from investors. Only a fool would believe a real estate company is a tech company. And that fool is Masayoshi Son.

[–] [email protected] 58 points 9 months ago (1 children)

WeWork: It's not a real estate company, it's a tech company!

Theranos: It's not a healthcare company, it's a tech company!

Juul: It's not a vape company, it's a tech company! (though oddly enough, they would have also accepted, "It's not a vape company, it's a healthcare company!)

FTX: It's not a ~~pyramid scheme~~ financial company, it's a tech company!

[–] [email protected] 4 points 9 months ago

What is sad is how we had to establish human rights on a computer in the 1990s, and then establish them again on the internet in the 2010s and now on a smartphone

Because with each iteration our legal system sides with overreaching law enforcement whenever it's a new state of technology.

[–] [email protected] 22 points 9 months ago

What? Not a tech company? But the CEO is hip, young and wears casual clothing! He's obviously a tech genius /s

[–] [email protected] 16 points 9 months ago (1 children)

The free wine and kombucha they had on tap was nice though.

[–] [email protected] 18 points 9 months ago

One regret of mine was avoiding WeWorks while they were hyped up on VC money because I thought it was a stupid idea. Turns out I should have just drank the free beer and let them implode on their own

[–] [email protected] 13 points 9 months ago (1 children)

There will come a day when people will realize that even tech companies aren't worth that much.

[–] [email protected] 7 points 9 months ago (1 children)

Older folk who went through the dotcom bubble burst should know, but they don't somehow. Oh well a third once in a lifetime market crash in 20 years would just be icing on the molten icecaps cake

[–] [email protected] 8 points 9 months ago

I work in tech and I know it, Wall Street still doesn't I guess. Just look at how much they think our LLM's masquerading as AI are worth.

[–] [email protected] 2 points 9 months ago

Why do you want to fuck spez?