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.
WeWork was nothing but a scam to fleece money from investors. Only a fool would believe a real estate company is a tech company. And that fool is Masayoshi Son.
WeWork: It’s not a real estate company, it’s a tech company!
Theranos: It’s not a healthcare company, it’s a tech company!
Juul: It’s not a vape company, it’s a tech company! (though oddly enough, they would have also accepted, "It’s not a vape company, it’s a healthcare company!)
FTX: It’s not a pyramid schemefinancial company, it’s a tech company!
What is sad is how we had to establish human rights on a computer in the 1990s, and then establish them again on the internet in the 2010s and now on a smartphone
Because with each iteration our legal system sides with overreaching law enforcement whenever it’s a new state of technology.
WeWork was nothing but a scam to fleece money from investors. Only a fool would believe a real estate company is a tech company. And that fool is Masayoshi Son.
WeWork: It’s not a real estate company, it’s a tech company!
Theranos: It’s not a healthcare company, it’s a tech company!
Juul: It’s not a vape company, it’s a tech company! (though oddly enough, they would have also accepted, "It’s not a vape company, it’s a healthcare company!)
FTX: It’s not a
pyramid schemefinancial company, it’s a tech company!What is sad is how we had to establish human rights on a computer in the 1990s, and then establish them again on the internet in the 2010s and now on a smartphone
Because with each iteration our legal system sides with overreaching law enforcement whenever it’s a new state of technology.
There will come a day when people will realize that even tech companies aren’t worth that much.
The free wine and kombucha they had on tap was nice though.