Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
WeWork's We Company has filed S-1 paperwork and plans to list on the Nasdaq.
We will officially begin marketing the shares to investors next week ahead of a trading debut the week of Sept. 23, according to The Wall Street Journal. The company is also expected to set a price range next week.
We and its advisers are targeting a valuation that could slip below $20 billion, which is lower than the $47 billion valuation set in a funding round earlier this year.
In a recent interview with CNBC, Yale's management expert Jeff Sonnenfeld openly criticized WeWork. He explaining it has raised more than $12 billion in cash throughout its history, and it's unclear how the company "pumped up" that number to its valuation of nearly $50 billion
Sonnenfeld said WeWork's valuation explosion is a "form of a Ponzi scheme," as the business loses money for each new client it gains.
Related Links:
Management Pro: Too Much Is Wrong With WeWork
SmileDirectClub Execs Focused On Long-Term Growth, Not Big First Day Drop
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!