WeWork valuation history...
2010: company founded
Jul 2012: $97m
May 2013: $440m
Feb 2014: $1.5b
Dec 2014: $5b
Jun 2015: $10.2b
Oct 2016: $16.9b
Aug 2017: $20b
Jan 2019: $47b
Oct 2019: $8b
Dec 2019: $7.3b
May 2020: $2.9b
Oct 2021 (IPO): $8.2b
Today: $878m
WeWork Net Income...
2022: -$2.0 billion
2021: -$4.4 billion
2020: -$3.1 billion
2019: -$3.3 billion
2018: -$1.6 billion
2017: -$884 million
2016: -$430 million
Total Net Loss since the start of 2016: -$15.7 billion
I wonder what allowed the bubble and subsequent destruction of that much capital? 🤔
