WeWork's filing for bankruptcy would mark a stunning reversal of fortune for the New York-based company that was privately valued at $47 billion in 2019 and a black spot for investor SoftBank that sunk billions.
  • tsonfeir@lemm.eeEnglish
    34·
    2 years ago

    Oh it worked. They made a shit-ton, paid the execs, and then had no more money. That was the plan. 100% success.

      • tsonfeir@lemm.eeEnglish
        111·
        2 years ago

        I love your optimism. Truly. But no law says a company can’t drain the bank account on salaries and bonuses and then be “shocked” when there isn’t enough money to keep the lights on.