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(((WeWork)))
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2019-09-21 at 10:54 AM UTC
When asked what inspired him to create a shared workspace company, Adam said that when he was growing up in Israel he used to live in a Kibbutz and was so mesmorised by the ‘sharing ideology’ that he invented Co-Working. Mark Dixon founded Regus in the 1980’s. LEO, Workspace Group, The Office Group, ServCorp, MWB, HQ and many others were around way before Adam thought up of this ponzi
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Adam & Miguel have already collectively cashed out in excess of $1 billion in loans, royalties, salaries to extended family, private jets and who knows what other instruments (e.g. selling the We trademark he secretly purchased back to WeWork for a cool $6m)
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Adam & Miguel then used the funds extracted from WeWork and funnelled it through privately controlled offshore investment vehicles and almost overnight built an asset-rich portfolio of prime commercial real estate (not an asset-light illusionary hustle). It doesn’t end there. Adam & Miguel then lease those buildings they privately acquired. back to their very own ‘spiritually’ valued WeWork at a ridiculously high yield.
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The earliest shareholders including a gentleman called Mortimer Zuckerman were not just their landlords AND seed investors. They also happened to own Fast Company and NY Post which were instrumental in propping up WeWork in the press before anybody knew who they were. The headlines they spun about WeWork’s valuation and ‘meteoric’ rise was basically the shareholders advertising their investments.
https://www.zerohedge.com/markets/wework-fraud
It's hard to imagine that jedis can be open and transparent with their scams, but there you go.
WeWork is currently valued at $47 billion due to Japan's Softbank plowing an arseload of Saudi money into it. The whole thing glows in the dark, severely. -
2019-09-21 at 11 AM UTCcontrary to popular beliefs, not all 'investors' are smart.The following users say it would be alright if the author of this post didn't die in a fire!
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2019-10-22 at 10:28 PM UTC
Neumann Steps Down From WeWork Board, Gets Massive Handout From Softbank
https://www.zerohedge.com/markets/neumann-steps-down-wework-board-gets-massive-handout-softbank
Softbank will provide the former CEO with around $1.7 Billion as part of the deal (and extend a $500 million line of credit to the kabbalah follower).
Additionally, Neumann is expected to sell about $1 billion of stock to Softbank (and will receive a $185 million consulting fee from the Japanese tech giant).
This is some high level, cutting edge, supersonic, 21st century, out into space, you won't even believe it when you see it jediery -
2019-10-22 at 10:49 PM UTCwe need a new paradigm for punishing 'white collar' crime. China has the right idea thereThe following users say it would be alright if the author of this post didn't die in a fire!
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2019-10-23 at 5:48 AM UTC
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2019-11-11 at 9:53 AM UTChttps://www.zerohedge.com/markets/wework-disaster-aftermath-97-companies-using-non-gaap-metrics-everything-fake
Some funky accounting that makes Enron look respectable -
2019-11-11 at 9:54 AM UTC
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2019-11-11 at 10:09 AM UTCOh boy, just wait until you hear about WeLive
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2019-11-11 at 1:02 PM UTChttps://www.nysscpa.org/news/publications/the-trusted-professional/article/study-percent-of-companies-using-non-gaap-metrics-rose-59-to-96-percent-in-20-years-101618
Holy fucking shit dude. "Non-GAAP earnings" are being taken seriously now?
America hasn't even implemented the IFRS yet afaik. I'm reading up on this, and it genuinely seems like a complete disaster, accounting fraud on a scale never seen before. -
2019-11-11 at 4:36 PM UTC
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2019-11-11 at 4:38 PM UTC
Originally posted by Star Trek VI: The Undiscovered Country https://www.nysscpa.org/news/publications/the-trusted-professional/article/study-percent-of-companies-using-non-gaap-metrics-rose-59-to-96-percent-in-20-years-101618
Holy fucking shit dude. "Non-GAAP earnings" are being taken seriously now?
America hasn't even implemented the IFRS yet afaik. I'm reading up on this, and it genuinely seems like a complete disaster, accounting fraud on a scale never seen before.
which is why there will be an ECONOMIC PROLAPSE 1!!!
the stock, the US dollar, and the cryptos.
they're all going to collapse on or around the same time.
get ready to get leveraged. -
2020-04-03 at 8:38 PM UTChttps://edition.cnn.com/2020/04/02/tech/wework-softbank-bailout/index.html
Softbank is finally walking away from (((WeWork))), leaving jedi messiah Adam Neumann, who promised to "elevate the consciousness of humanity" by packing them into closer and closer quarters, a little short.
With coronachan rampant, isn't it worthwhile to reflect on the co-working and co-working trends of the 2010s?
What are those stuck in co-living arrangements doing for social isolation?
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2020-04-03 at 9:34 PM UTC
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2020-04-03 at 9:38 PM UTCHe says he sold the trademark for $6m, but the real number is much lower.
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2020-04-03 at 9:40 PM UTCThe following users say it would be alright if the author of this post didn't die in a fire!
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2020-04-03 at 11:45 PM UTC
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2020-04-04 at 2:57 AM UTC
Originally posted by Star Trek VI: The Undiscovered Country https://edition.cnn.com/2020/04/02/tech/wework-softbank-bailout/index.html
Softbank is finally walking away from (((WeWork))), leaving jedi messiah Adam Neumann, who promised to "elevate the consciousness of humanity" by packing them into closer and closer quarters, a little short.
With coronachan rampant, isn't it worthwhile to reflect on the co-working and co-working trends of the 2010s?
What are those stuck in co-living arrangements doing for social isolation?
buy, the deep dip.
because after this working in confined spaces in close proximity is going to be the latest trend. -
2020-04-04 at 3:05 AM UTC
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2020-04-04 at 4:49 AM UTCThe following users say it would be alright if the author of this post didn't die in a fire!
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2020-04-04 at 5:17 AM UTCAs opposed to getting a small fine when caught
