Wed. 08/14 - “We” Files, a MacBook Pro “No Fly List” and “Boatbnb”
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 14 August 2019
⏱️ 21 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the Tech Mem Ride Home for Wednesday, August 14th, 2019. |
| 0:08.0 | I'm Brian McCullough. Today, We Work Files for its IPO. A huge data leak reveals fingerprints, facial recognition data, and more. |
| 0:15.0 | Are you going to have trouble taking your Macbook Pro on your next airplane flight? |
| 0:20.0 | Why two and a half men is the next big piece in the streaming wars and why I'm bullish on an air bnbee for boats. |
| 0:27.0 | Here's what you missed today in the world of tech. |
| 0:32.0 | Wework has officially filed to raise $1 billion in an IPO expected to come in September. |
| 0:40.0 | Now don't at me. I know that technically the company is now known as we |
| 0:47.3 | But look let's just all agree that we're going to keep calling it we work for the purposes of this not sounding silly. The filing |
| 0:55.8 | allowed people to finally delve into We Work's finances and folks found a company |
| 1:01.1 | reporting 1.5 billion dollars in revenue for the first half of 2019 |
| 1:06.7 | but with a net loss of 904 million dollars. More details, revenue and operating losses move in tandem as many had surmised. |
| 1:16.0 | Both revenue and operating losses doubled year over year. |
| 1:20.0 | The company has 527,000 what it calls members up from 268,000 at the end of June 2018. |
| 1:30.0 | It has |
| 1:35.0 | cash on hand of 2.47 billion dollars. |
| 1:40.0 | Which would mean with those losses raising merely a billion dollars in an IPO doesn't buy the company much runway right? |
| 1:49.0 | Well, don't worry because we work also intends to secure a six billion dollar credit facility to go along with the |
| 1:54.8 | IPO. |
| 1:56.4 | As always with Wework, the filing set off a sort of Super Bowl Sunday of Snark? |
| 2:09.0 | No, it turns out in the filing there was no mention of the much ridiculed, quote, community adjusted Ebitah, that sort of alternative accounting measure. |
| 2:14.9 | Wherein, Wework tried to put things like rent and Tennessee expenses, |
| 2:18.9 | utilities, internet, salaries of the building staff, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Amalgamated Internets, LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Amalgamated Internets, LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

