DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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WeWork was once worth $47B.
It is now worth less than $45M.
It’s shares now costs less than a dollar.
You can literally call it a penny stock now.
WeWork’s rollercoaster ride through the stratosphere of valuations absolutely legendary.
From a jaw-dropping $47 billion peak to whispers of bankruptcy, the co-working giant’s plummet is the stuff of business legend.
Why such a nosedive?
Well, it’s a cocktail of overvaluation, ambitious expansion, and, frankly, a business model that seemed to ignore the basic principles of economics.
And lots of fluff, spiritualism and faith.
The big-name backers, from SoftBank to JPMorgan, have watched billions evaporate into thin air.
WeWork’s strategy was simple: lease large spaces, spruce them up, and rent them out at a premium.
They claimed that they aren’t selling space, they are selling a community.
Come for the space, stay for the people.
Sustainable?
Debatable.
The model hinged on relentless growth and the perpetual buzz of startup culture.
But when the music stopped, WeWork couldn’t find a chair to sit on.
Sure, when it had billions in the war chest and Adam Neumann was jet-setting around selling his vision, Wework was pumping.
But the economics and financials never quite made sense.
Despite hemorrhaging cash faster than a leaky faucet, WeWork’s global portfolio of prime real estate is not just an albatross.
It’s a treasure trove for the savvy investor.
These aren’t just offices; they’re potential gold mines in top-tier cities worldwide.
So the next buyer of WeWork is the real genius.
The next owner could snag this entire network of high-grade spaces for pennies on the dollar.
And when the market swings back, as it inevitably does, they stand to reap a windfall.
We all know offices won’t go anywhere.
People will still need them, maybe less, but we still need spaces.
Especially grade A, prime locations to work at.
That is what the billions that WeWork raised, bought over the years.
The WeWork saga really blows my mind.
Softbank invested more than $10B into it and still couldn’t make it work.
They forced an IPO on a dying company who had such a controversial founder and still couldn’t make it work.
Best part of it all is the mastermind, the founder, the visionary leader of WeWork, Mr Adam Neumann is roaming free and enjoying his best life.
He got ousted from WeWork, dove into Web3 when it was hot, raised $350M from a16z on a whim for Flow and then another $70M for Flowcarbon.
I mean, just pause for a second and absorb that.
Wow right!
So what will happen to WeWork?
More than 700+ locations in 40 countries.
Will WeWork declared bankruptcy, fired all the employees, give up all the spaces and kick out all the tenants?
What will happen to all the deposits?
Who ultimately gained from all this?
-
Was WeWork doomed to fail from the start?
-
#WeWork #BusinessModel #RealEstate #Investment #MarketDynamics #Valuation #Bankruptcy #OfficeSpace #CoWorking #SoftBank #JPMorgan #StartupCulture #Economics #PrimeRealEstate #SavvyInvestor #MarketUpturn
WeWork was once worth $47B.
It is now worth less than $45M.
It’s shares now costs less than a dollar.
You can literally call it a penny stock now.
WeWork’s rollercoaster ride through the stratosphere of valuations absolutely legendary.
From a jaw-dropping $47 billion peak to whispers of bankruptcy, the co-working giant’s plummet is the stuff of business legend.
Why such a nosedive?
Well, it’s a cocktail of overvaluation, ambitious expansion, and, frankly, a business model that seemed to ignore the basic principles of economics.
And lots of fluff, spiritualism and faith.
The big-name backers, from SoftBank to JPMorgan, have watched billions evaporate into thin air.
WeWork’s strategy was simple: lease large spaces, spruce them up, and rent them out at a premium.
They claimed that they aren’t selling space, they are selling a community.
Come for the space, stay for the people.
Sustainable?
Debatable.
The model hinged on relentless growth and the perpetual buzz of startup culture.
But when the music stopped, WeWork couldn’t find a chair to sit on.
Sure, when it had billions in the war chest and Adam Neumann was jet-setting around selling his vision, Wework was pumping.
But the economics and financials never quite made sense.
Despite hemorrhaging cash faster than a leaky faucet, WeWork’s global portfolio of prime real estate is not just an albatross.
It’s a treasure trove for the savvy investor.
These aren’t just offices; they’re potential gold mines in top-tier cities worldwide.
So the next buyer of WeWork is the real genius.
The next owner could snag this entire network of high-grade spaces for pennies on the dollar.
And when the market swings back, as it inevitably does, they stand to reap a windfall.
We all know offices won’t go anywhere.
People will still need them, maybe less, but we still need spaces.
Especially grade A, prime locations to work at.
That is what the billions that WeWork raised, bought over the years.
The WeWork saga really blows my mind.
Softbank invested more than $10B into it and still couldn’t make it work.
They forced an IPO on a dying company who had such a controversial founder and still couldn’t make it work.
Best part of it all is the mastermind, the founder, the visionary leader of WeWork, Mr Adam Neumann is roaming free and enjoying his best life.
He got ousted from WeWork, dove into Web3 when it was hot, raised $350M from a16z on a whim for Flow and then another $70M for Flowcarbon.
I mean, just pause for a second and absorb that.
Wow right!
So what will happen to WeWork?
More than 700+ locations in 40 countries.
Will WeWork declared bankruptcy, fired all the employees, give up all the spaces and kick out all the tenants?
What will happen to all the deposits?
Who ultimately gained from all this?
-
Was WeWork doomed to fail from the start?
-
#WeWork #BusinessModel #RealEstate #Investment #MarketDynamics #Valuation #Bankruptcy #OfficeSpace #CoWorking #SoftBank #JPMorgan #StartupCulture #Economics #PrimeRealEstate #SavvyInvestor #MarketUpturn
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