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Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

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  • godawgstgodawgst Posts: 1,375
    Swaye's Wigwam 1,500 Up Votes 250 Answers Fifth Anniversary
    Buying softbank today (I loved it at $200 2 years ago but didn't pull trigger) after the story in the FT is playing in the deep end of the deep end of the pool.

    They've got plenty of bullets to fire at the options like this, but wholly crap talk about either hitting a home run or striking out with billions of dollars on the line.
  • PurpleThrobberPurpleThrobber Posts: 23,578
    Swaye's Wigwam 10,000 Awesomes 10,000 Up Votes 10000 Comments
    WeWork wasn't a bad concept - except it had a really bad guy running it and raking big jack, smoking weed and talking shit.

    The combo of Adam Neumann and the new reality of telecommuting/COVID may be enough to put a fork in it though. They have a ton of commercial real estate -but commercial real estate for the forseeable future is worth shit.

    godawgstPitchfork51
  • HoustonHuskyHoustonHusky Posts: 4,200
    Swaye's Wigwam Solar Eclipse Donator 5,000 Awesomes 2,500 Up Votes

    WeWork wasn't a bad concept - except it had a really bad guy running it and raking big jack, smoking weed and talking shit.

    The combo of Adam Neumann and the new reality of telecommuting/COVID may be enough to put a fork in it though. They have a ton of commercial real estate -but commercial real estate for the forseeable future is worth shit.

    Think WeWork was a horrible concept...the idea works when demand for office space is tight and the world is growing, but it assumes all the risk by locking in long-term contracts while living off of short-term leases for their customers. The business model immediately fall apart bigly as soon as there is any hiccup in the economy...
  • PurpleThrobberPurpleThrobber Posts: 23,578
    Swaye's Wigwam 10,000 Awesomes 10,000 Up Votes 10000 Comments
    edited September 5

    WeWork wasn't a bad concept - except it had a really bad guy running it and raking big jack, smoking weed and talking shit.

    The combo of Adam Neumann and the new reality of telecommuting/COVID may be enough to put a fork in it though. They have a ton of commercial real estate -but commercial real estate for the forseeable future is worth shit.

    Think WeWork was a horrible concept...the idea works when demand for office space is tight and the world is growing, but it assumes all the risk by locking in long-term contracts while living off of short-term leases for their customers. The business model immediately fall apart bigly as soon as there is any hiccup in the economy...
    Agreed looking through the prism today. At the time, nobody believed working remotely via Zoom/Teams was a viable alternative for the masses - so WeWork providing office space was no different than Regis or any of thousands of REITs and commercial landlords. Their day of reckoning is coming too as leases expire. Kind of surprised they didn't BK but with Masa behind it, they have the capital to weather the storm and pivot to something else -probably conversion from office space to residential.

    Problem with that is the left is burning down the very cities where WeWork owns property. So until that shit gets ironed out, SoftBank will keep the beast alive.

    Neumann was a greedy bastard and a horrific CEO. Reflects poorly on the joobs.



  • FireCohenFireCohen Posts: 16,527
    10,000 Awesomes 10,000 Up Votes 10000 Comments 250 Answers

    WeWork wasn't a bad concept - except it had a really bad guy running it and raking big jack, smoking weed and talking shit.

    The combo of Adam Neumann and the new reality of telecommuting/COVID may be enough to put a fork in it though. They have a ton of commercial real estate -but commercial real estate for the forseeable future is worth shit.

    Idk, Neumann was a pretty convincing snakes oils mans. Dude can definitely sling his horseshit with the best of them. U need a hombre like that to raise that capital
  • FireCohenFireCohen Posts: 16,527
    10,000 Awesomes 10,000 Up Votes 10000 Comments 250 Answers

    WeWork wasn't a bad concept - except it had a really bad guy running it and raking big jack, smoking weed and talking shit.

    The combo of Adam Neumann and the new reality of telecommuting/COVID may be enough to put a fork in it though. They have a ton of commercial real estate -but commercial real estate for the forseeable future is worth shit.

    Think WeWork was a horrible concept...the idea works when demand for office space is tight and the world is growing, but it assumes all the risk by locking in long-term contracts while living off of short-term leases for their customers. The business model immediately fall apart bigly as soon as there is any hiccup in the economy...
    That is how our baking system is set up, just FYI
  • TequillaTequilla Posts: 16,268
    10,000 Up Votes 5,000 Awesomes 10000 Comments Seventh Anniversary
    The opinions that I'd share on this topic The Duchess at some point in the future ...
  • HoustonHuskyHoustonHusky Posts: 4,200
    Swaye's Wigwam Solar Eclipse Donator 5,000 Awesomes 2,500 Up Votes
    FireCohen said:

    WeWork wasn't a bad concept - except it had a really bad guy running it and raking big jack, smoking weed and talking shit.

    The combo of Adam Neumann and the new reality of telecommuting/COVID may be enough to put a fork in it though. They have a ton of commercial real estate -but commercial real estate for the forseeable future is worth shit.

    Think WeWork was a horrible concept...the idea works when demand for office space is tight and the world is growing, but it assumes all the risk by locking in long-term contracts while living off of short-term leases for their customers. The business model immediately fall apart bigly as soon as there is any hiccup in the economy...
    That is how our baking system is set up, just FYI
    Also why our baking system is heavily regulated...
  • PurpleThrobberPurpleThrobber Posts: 23,578
    Swaye's Wigwam 10,000 Awesomes 10,000 Up Votes 10000 Comments

    FireCohen said:

    WeWork wasn't a bad concept - except it had a really bad guy running it and raking big jack, smoking weed and talking shit.

    The combo of Adam Neumann and the new reality of telecommuting/COVID may be enough to put a fork in it though. They have a ton of commercial real estate -but commercial real estate for the forseeable future is worth shit.

    Think WeWork was a horrible concept...the idea works when demand for office space is tight and the world is growing, but it assumes all the risk by locking in long-term contracts while living off of short-term leases for their customers. The business model immediately fall apart bigly as soon as there is any hiccup in the economy...
    That is how our baking system is set up, just FYI
    Also why our baking system is heavily regulated...
    Fucking yeast and shit.
    HoustonHuskyPitchfork51
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