Blain: Is WeWork The Spark That Ignites The Valuation Inferno?

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Submitted by Bill Blain of Blain’s Morning Porridge

“I laughed and shook his hand, and made my way back home..”

I’m wondering if We Work (or the We Company as it now grandly calls itself), is likely to be the car crash that causes the almighty pile up in the Unicorn/Tech Market we’ve so long expected?  The spark that ignites the conflagration to restore valuation common sense?

What is WeWork’s EBITDA? Whatever you want it to be

— zerohedge (@zerohedge) May 1, 2018

I didn’t have time yesterday morning to launch into an analysis of the Softbank/We Work farago, but a number of readers came back with similar concerns.

In case you missed it: We Work

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