WeWork isn’t a tech company; it’s a soap opera

  • 📰 verge
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 67%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

WeWork — excuse me, The We Company — has been successfully posing as a tech company for years. Its IPO filing shows it’s a real estate company while also revealing some absolutely wild financial transactions.

On August 14th, The We Company filed its mandatory S-1 paperwork to go public, and it’s worth reading in full. I mean, forget the serious stuff for a moment. The thing begins with an epigram: “We dedicate this to the energy of we — greater than any one of us, but inside all of us.” The energy of we. I get it from a branding perspective — they’re literally calling themselves The We Company — but, you know, normal people would just say “our energy.

” I am not totally sure I follow this sentence, honestly, but it seems like Bloomberg’s Shira Ovide did, and here is how she describes it: “Neumann swapped out a portion of those options the company valued at more than $360 million in a complicated transaction with the company that gave him a financial instrument tied to future WeWork profits.” 'there are 10 pages of the filing that are just disclosures about adam' Adam spread the financial love to his wider family, too.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 94. in PT

Portugal Últimas Notícias, Portugal Manchetes