there are tons of startups that are repackaged regular companies with crazy valuations: peloton, away, warby Parker, WeWork, the razor companies, the mattress companies, the countless food companies, mommy companies, etc. I don’t get it.
I wonder what this will do for the banks. As long as they could claim they were going to pay them back and/or occupy space the could keep the value on their real estate holdings up. Now do they have write down the value of a bunch of loans that could crash more banks?
%% LOL WELL someone made a $ million off ''pet rocks'' Buy RE,[good location] they are not making anymore. Back to work I like [W]work anyway.
Well everybody is staying home to work so why would they still need to rent for workspace outside of home? Doesn't make sense. Feel bad for SoftBank. They just don't get a break. They just keep sinking money into bad project after bad project after bad project. Very soon we are going to hear something bad about SoftBank.
I like warby, in fact, all my eyeglasses were bought there in their shop. It is very inexpensive, $95. Other places you can easily pay well over $200. I saved more than half. Razor business is the same, m2c, manufacturers to consumers, direct sales, no middleman. These cost cutting business models got lot of fundings, no one is more successful than PDD/Temu. Peloton, on the other hand, asks you to spend more. It is like my mom’s old treadmill setup, exercising, watching shopping network on tv in Sundays, buying kitchen stuff.
WeWork bankruptcy: One of the biggest startup failures of all time, and venture capitalists haven't learned a thing. https://www.businessinsider.com/wew...rtup-failures-ever-vcs-havent-learned-2023-11
I think Warby was just doing things for less margin than Luxotica (or whatever it's called). That's not smarter. All those razor brands are available at my local Walgreens now. Peloton was trading at a multiple so high that Precor was like 1/20th their valuation: a company that made every conceivable exercise product.
because they are comped with high tech and e-commerce p/e, not manufacturing, and can take market shares away from the big boys. i did make some money shorting peloton, too little to write home about.
Exactly, that's the only moral of the story. Another white-collar criminal who got away. Nobody is counting by ethnicity of course, it would otherwise paint a damning picture. Did I forget to mention SBF...