Good morning. We’re skeptical of initial public offerings – IPOs—for the simple reason that a company tends to go public well before it’s profitable. History is littered with unprofitable companies that never even had a chance to make a profit, but they still managed to give shareholders a big loss first.
WeWork, the office rental company that claims its mission is to “elevate the world’s consciousness,” is looking to go public despite burning through more than $1 billion per year. One analyst called its prospectus a “masterpiece of obfuscation,” as the company’s big vision has little concrete reality described behind it in terms of how it will make a profit.
News 
Market Data 
Discover 
