There are a couple of interesting trends that I wanted to talk about in this week’s Tech Thoughts.
1) WeWork IPO
The first is the WeWork IPO.
WeWork’s last private valuation was $47 billion. So they tried to launch their IPO at the $30 to $40 billion range, but it’s been quite clear that’s not going to happen. Investors are just not going to buy.
After multiple revisions and changes to the company structure (to improve corporate governance to placate investors), the latest rumour is that they’re looking at something in the