Surely you're sick of WeWork — uh, excuse us, “The We Company” — by now. There's been more drama surrounding its upcoming IPO than an episode of The Hills. You’ve likely heard about the $60b-to-$47b-to-$20b-to-$10b valuation drop, the wave pool, the dual-class voting structure, the insider deals between Adam Neumann, landlord, and Adam Neumann, tenant, and so on and so forth. We won’t rehash it all for you. We do have some word limitations.
We do wonder if the events of the past two weeks are a sign of less frothy times ahead. After all, investors -- equity and bonds -- have gotten so accustomed to getting bent over the last several years that we're going long rheumatologists. Knees must be hurting.
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