It has not boded well for all companies IPO-ing, but still the richly-valued WeWork pushes on toward its IPO. Lyft and Uber have been hit hard by the skepticism surrounding their billion-dollar losses.
With WeWork stock, there are obstacles to its ability to grow and generate profits.
WeWork started up and gained traction in the years after the financial crisis.
Understandably, landlords were more than happy to lease out their space to WeWork given the lack of demand and competing bids at the time.
WeWork has not gone through even a mild recession, and they are going run into difficulties if a downturn occurs.
WeWork does not own anything.
I remain skeptical on WeWork stock given the luck of timing, business model, and financial creativity.