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?

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

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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