5 Reasons WeWork’s Gigantic IPO Valuation Plunged 69%

In the age of the unicorn valuation, WeWork is only the latest company to incur massive losses and still fetch a valuation in the tens of billions of dollars.

That’s the kind of stock market that should scare investors. Not only is it indicative that the market itself is overvalued, but investors in IPOs of these unicorns are getting burned. We already know that the Uber and Lyft IPOs have been crushed – and been an incredible disappointment to investors.

Source : https://www.ccn.com/5-reasons-weworks-gigantic-ipo-valuation-plunged-69/?fbclid=IwAR3QhyhiFUO6fmRVLlf86ue6IENS8xUsSuRkdSy2bklZ1PUUL6rY7A6uQCg

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