{"id":128422,"date":"2019-09-22T18:37:12","date_gmt":"2019-09-22T22:37:12","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=128422"},"modified":"2019-09-22T18:37:12","modified_gmt":"2019-09-22T22:37:12","slug":"any-wall-street-analyst-who-believes-weworks-worth-over-10-billion-is-lying-stupid-or-both","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=128422","title":{"rendered":"“Any Wall Street analyst who believes WeWork’s worth over $10 billion is ‘lying, stupid or both'”!"},"content":{"rendered":"

“The Mother Of All Party Crashers Took A Dump In The We IPO Punch Bowl”<\/h1>\n

ZeroHedge.com<\/p>\n

A month ago,\u00a0Scott Galloway, the best-selling author,<\/a>\u00a0well-known tech-industry pundit, and professor of marketing at\u00a0New York University’s Stern School of Business, unleashed his special kind of wit and financial weaponry on WeWork’s recent S-1 filing. Writing on\u00a0his “No Mercy \/ No Malice” blog<\/em><\/a>, Galloway said\u00a0any Wall Street analyst who believes WeWork’s worth over $10 billion is “lying, stupid, or both.”<\/strong><\/p>\n

Now, a month later, following debacle after debacle proving him correct, Galloway is back to\u00a0explain how “math” blew the whole WeWork IPO farce up<\/strong><\/a>…<\/p>\n

\"\"<\/picture><\/a><\/p>\n

So, the mother of all party crashers took a dump in the We IPO punch bowl. The crasher? Math. The autopsy will show the shelving of this IPO was death by S-1.\u00a0<\/strong><\/p>\n

This was a case of immunities kicking in after the requisite SEC disclosure. As the greater fool theory has hit a wall, We will now need additional capital from the private markets, who are no longer under the influence. The firm will be forced to sell equity\/issue debt at a price\u00a0substantially lower<\/a>\u00a0than they had anticipated. A price unimaginable just 30 days ago.<\/p>\n