Analysts say $47 billion WeWork is trying to position itself as a tech company as it prepares to go public, but it doesn't really look like one

, yet Waite notes that this valuation that is nearly identical to its minimum lease obligations of $47.2 billion.

While elements of its business are tech-enabled, it's not apparent from the filing that it really is a tech company -- and this will be a challenge when it presents itself in front of investors as a tech company, says Alejandro Ortiz, principal analyst at SharesPost.is truly a technology company," Ortiz told Business Insider."The bottom line is it leases out buildings for long periods of time. It provides flexible leases to its tenants.

What it looks like is a pyramid scheme

Because it isnt a tech company. Shows how far down the rabbit whole we have gone.

Our undercover reporter reports that there is a lack of foozeball table, open concept rooms and standing desks. More on this story as it matures.

how do they raise these funds?

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WeWork just filed to go public — Check out the company's journey from one SoHo building to a $47 billion valuationWeWork, the coworking-space company under the umbrella of The We Company valued at $47 billion, publicly filed its IPO paperwork on Wednesday. Won’t last
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