It happens every few years – not quite with the regularity of the seasons but with the inevitability of a natural disaster. A new company is founded on the basis of a new and seemingly ingenious concept, and then rocket-fuelled by growth-boosting investor capital. It briefly burns bright and then implodes, collapsing under the weight of its own balance sheet.
luckylucho78 Esto cada vez se parece más a la serie 'silicon valley'. 😂 Empresas con filosofías 'Hacer del mundo un lugar mejor' pero nada de sustento financiero o responsabilidad laboral. 🤷♂️
Modern finance, yes. Capitalism writ large?, no. As you point out on the article, the largest investor by far was a sovereign wealth fund. As in, a state actor. State intervention in the economy is not capitalism at all.
Well, unsupportable business models worked for Uber whose investors are still subsidizing every ride. But WeWork had a smell about it from the beginning. And Neumann's obvious greed was not a good sign.