Loading ...Venture capital investors were getting even wilder…
After a recent, $2 billion investment, WeWork, the shared office space company, is currently valued at $47 billion.
The company must be valued on “energy and spirituality” as Adam Neumann, the CEO said (he literally said that). Because the =the And its bonds have already been downgraded to junk.
But it gets worse… news arose the company’s CEO was personally buying buildings and leasing them back to WeWork.
So while his investors are dumping billions into a cash-losing company, he’s buying real estate.
As if it wasn’t clear before, we know who Adam is looking out for – investors are not only footing the bill while he serves kombucha and free tequila to hipsters… they’re literally putting money in his pocket.