Steve Sosnick, Interactive Brokers’ Chief Strategist, has discussed WeWork in past segments, but now with the company’s current situation, there are more lessons and economic risks that can be learned.
In this age of unicorns (startups valued at more than $1 billion,) “I find this story so fascinating, and with so many ramifications for investor behavior,” says Sosnick.
The unraveling of WeWork’s financial picture, unrealistic valuation and failed IPO offer up useful reminders to be wary of companies that operate in secrecy.
Photo Credit: Mel via Flickr Creative Commons
