Description: The collapse of WeWork’s attempted IPO – the firm once valued at $47 billion but now at the brink of bankruptcy – marks the end of an era, according to Mike Wilson, Morgan Stanley’s chief U.S. equity strategist. According to Wilson, investors have showed that they are no longer willing to accept financial excess in a market that until now has paid eye-popping valuations for unprofitable IPOs and tech companies in general.
Date: Oct 04, 2019
Questions for discussion:
- What does the article say about WeWork?
- Do you agree?