Uber / Lyft / Snap were never cash flow positive, and don't have any clear way of reaching that, while User is burning 2 billions a quarter and has only two more quarters to go bust.
There are tons of VC unicorns which are burning investors money on unsustainable business models, like food delivery apps that subsidize your orders. WeWork has no chance of avoiding bankrupcy.
The irrational exuberence has been here for quite some time already, and out of everything, a bankrupt company which at least used to have a working business model and existed for 100 years is not nearly the most insane investments going on here.
(The insanity is buying it before the bankruptcy restructuring, tho).
There are tons of VC unicorns which are burning investors money on unsustainable business models, like food delivery apps that subsidize your orders. WeWork has no chance of avoiding bankrupcy.
The irrational exuberence has been here for quite some time already, and out of everything, a bankrupt company which at least used to have a working business model and existed for 100 years is not nearly the most insane investments going on here.
(The insanity is buying it before the bankruptcy restructuring, tho).