WeWork says will file to withdraw IPO
What I don&#x27;t understand is how do things get this far down the road before a good old fashioned sanity check happens? I have got to think that Soft Bank knew&#x2F;knows the valuation was off. The fact that they pushed on means they either intended to try and get away with it&#x2F;take the money and run as I cant believe incompetence is the reason here. How did this get so far along???<p>As for Adam N, I have to think some part of him knew that it was a bullshit valuation and all the hand-wavy &quot;we are a tech company that also happens to do real estate&quot; doesn&#x27;t pass the smell test to me. He has personally enriched himself quite a bit so even if the whole thing falls apart he will be ok. I don&#x27;t know if there is a bubble in SV or not, but it seems that the last couple of really huge unicorn companies have all been based on BS(We Work), Fraud(Theranos), and untenable business models (Uber). I&#x27;m far removed from that whole scene so maybe I&#x27;m showing my ignorance by stating this. I am, however, very curious to hear about any startup unicorns that are profitable or at least have a clear roadmap to profitability and not based on a business model that will be outlawed in a few years.