WeWork CEO gives back $5.9M from 'We' trademark after criticism
Here's something I don't understand - the overwhelming consensus among analysts, newspapers/websites, blogs, internet commenters etc. seems to be that this company is overvalued and not worth even close to what they want to IPO at. It is not close to profitability and may never be. Not to mention all the borderline scams and shady dealings the company and CEO is involved in.Yet, we know that on IPO day both retail and institutional investors are going to ignore all these red flags and still buy, and the company is still going to be valued at $40-$50 billion. Why is that? Why doesn't everyone just stay away?