4.6 • 854 Ratings
🗓️ 25 October 2019
⏱️ 27 minutes
🧾️ Download transcript
It's been a tumultuous couple of months since we did our S-1 show on co-working start up The We Company (or WeWork). Fellow IF host Nick Sciple hops on to walk through what has happened over the past couple weeks, what We's sliding valuation means for the company, investor Softbank, and its founder Adam Neumann.
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0:14.3 | Welcome to Industry Focus. |
0:18.0 | The podcast dives into a different sector of the stock market every day. |
0:21.2 | It's Friday, October 25th and we're revisiting the |
0:24.6 | Wii Saga. I'm your host, Dylan Lewis, and I've got fellow I. |
0:27.5 | I have host Nick Saipel with me in studio. Nick, what's going on man? |
0:31.6 | Not too much, you know, not too much in the news this week. |
0:35.0 | You know, happy to talk about We Work today. |
0:38.0 | That's probably been the most fun story to follow the past couple months. |
0:40.0 | I mean, probably in years, right? |
0:41.0 | I mean, have you ever seen anything like this? |
0:42.8 | I haven't you know not with a company about to go public the closest I can come with the |
0:47.7 | parallels that we've seen and the massive dip that we've seen in the valuation |
0:51.3 | for this company is what happened to Blue Apron shortly after going public. |
0:55.2 | And the difference between what we're seeing with We and what we saw with Blue Apron was who is really bearing |
1:00.0 | the brunt of that huge decline in valuation. |
1:03.6 | But we talked about We Work, I think back in mid-August, a lot has happened since then. |
1:08.7 | We're going to revisit exactly what's going on with that story, talk about where we things what's happened since the ramifications and also some of the investing lessons |
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