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Oh what tangled webs.... by maryjane
Started on: 11-09-2019 02:29 AM
Replies: 6 (164 views)
Last post by: theogre on 11-11-2019 09:55 AM
maryjane
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Report this Post11-09-2019 02:29 AM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneEdit/Delete MessageReply w/QuoteDirect Link to This Post

Anyone that's kept up with this so called tech company has to wonder why so many fell for it's Madoff type BS..
WeWork (but won't be for long)

https://gizmodo.com/swindle...r-dignity-1839719337

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theogre
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Report this Post11-09-2019 05:10 PM Click Here to See the Profile for theogreClick Here to visit theogre's HomePageSend a Private Message to theogreEdit/Delete MessageReply w/QuoteDirect Link to This Post

More likely how many Millions still get conned by all televangelist and others for last hundred years alone.
Just dig a bit deeper to see the pushed in on workers.

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[This message has been edited by theogre (edited 11-11-2019).]

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RWDPLZ
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Report this Post11-09-2019 08:13 PM Click Here to See the Profile for RWDPLZClick Here to visit RWDPLZ's HomePageSend a Private Message to RWDPLZEdit/Delete MessageReply w/QuoteDirect Link to This Post

Watching Wework fail is almost as fun as watching Faraday Future try to convince people they're still viable.

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cliffw
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Report this Post11-10-2019 08:37 AM Click Here to See the Profile for cliffwClick Here to Email cliffwSend a Private Message to cliffwEdit/Delete MessageReply w/QuoteDirect Link to This Post

I had never heard of WeWork. maryjane's link left me confused. I though the scam was by the disgruntled workers who think they have bargaining power. Sounds like they are crying over spilled milk like it will un-spill.

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maryjane
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Report this Post11-10-2019 10:46 AM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneEdit/Delete MessageReply w/QuoteDirect Link to This Post

 
quote
Originally posted by cliffw:

I had never heard of WeWork. maryjane's link left me confused. I though the scam was by the disgruntled workers who think they have bargaining power. Sounds like they are crying over spilled milk like it will un-spill.

Several scams perpetrated.
The employees bought into and believed their own hype.
The company, in the form of it's founder convinced a lot of people, that they were a rising star tech/software company when in reality they were just a real estate rental agent.
The big Chinese finance company called SoftBank, propped up the pyramid with billions in investment capital, getting others to invest in that bank based on what the scam was purportedly capable of producing.

The founder and CEO saw the collapse coming, took his cut and ran.

The biggest part of the scam was in the valuation, which in part, was most loudly touted by SoftBank. WeWork is not the biggest workspace lease agent by any metric, but because of the false narrative and marketing ploy, somehow was (falsely) valued billions of $$ more than their nearest competitor. Smoke and mirrors...

[This message has been edited by maryjane (edited 11-10-2019).]

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Rickady88GT
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Report this Post11-11-2019 07:32 AM Click Here to See the Profile for Rickady88GTClick Here to Email Rickady88GTSend a Private Message to Rickady88GTEdit/Delete MessageReply w/QuoteDirect Link to This Post

 
quote
Originally posted by RWDPLZ:

Watching Wework fail is almost as fun as watching Faraday Future try to convince people they're still viable.


The Pirelli tire factory that used to work at was being converted into a car plant, as far as I can tell it has stopped construction.

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theogre
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Report this Post11-11-2019 09:55 AM Click Here to See the Profile for theogreClick Here to visit theogre's HomePageSend a Private Message to theogreEdit/Delete MessageReply w/QuoteDirect Link to This Post

 
quote
Originally posted by RWDPLZ:
Watching Wework fail is almost as fun as watching Faraday Future try to convince people they're still viable.
That is just waiting to go bankrupt like Fiskers did that took Millions of $ from States and Feds. Even after bankruptcy, the old GM factory at Boxwood Rd in DE took Hundreds of Thousands to Millions for DE in taxes in power bills etc to protect Paint Room and other areas. Car Paint Rooms are "Clean Rooms" that needs constant power to control dirt. Same for many others like Chrysler DE plant when closed until U of DE bought it and Newark and schools lost tax revenue. All UD property are Tax Except under its "Marine Charter" same as Churches.

Worse, Fisker is still steeling money pushing EMotion, Orbit and Ocean under Fisker Inc.

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