NYU professor calls WeWork's IPO 'Botox on a lame Unicorn' and says its price and valuation will be a 'throne of lies'

Canada News News

NYU professor calls WeWork's IPO 'Botox on a lame Unicorn' and says its price and valuation will be a 'throne of lies'
Canada Latest News,Canada Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

'The price will be artificial, sitting on a throne of lies, and the eventual stampede for the exit by Softbank and others,' he wrote in a Twitter thread.

NYU professor Scott Galloway, known for his fiery tech punditry, has described WeWork's IPO as"Botox on a lame Unicorn" and has called on the SEC to investigate the float. WeWork confirmed late on Friday that is still preparing to go public under its new name, The We Company, but that it had slashed CEO Adam Neumann's control of the company in response to investor jitters, among other governance changes.

NYU professor Scott Galloway, known for his fiery tech punditry, has described WeWork's IPO as"Botox on a lame Unicorn" and has called on the SEC to investigate the float. WeWork confirmed late on Friday that is still preparing to go public under its new name, The We Company, but that it had slashed CEO Adam Neumann's control of the company in response to investor jitters, among other governance changes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WeWork plows ahead with IPO plans after reshaping board to counter skepticismWeWork plows ahead with IPO plans after reshaping board to counter skepticismWeWork is pressing ahead with plans for a public listing, announcing a series of governance changes aimed at shoring up a sagging valuation.
Read more »

How WeWork Is Battling The Backlash Ahead of Embattled IPO ListingHow WeWork Is Battling The Backlash Ahead of Embattled IPO ListingPlowing ahead with its IPO, WeWork is hoping to reassure doubtful investors with a series of corporate governance changes by skleb1234
Read more »

WeWork IPO spells rough landing for CEO NeumannWeWork IPO spells rough landing for CEO NeumannAdam Neumann showed he can capitalize on troubled times a decade ago, tapping in...
Read more »

WeWork plows ahead with IPO plans after reshaping board to counter skepticismWeWork plows ahead with IPO plans after reshaping board to counter skepticismWeWork is pressing ahead with plans for a public listing, announcing a series of governance changes aimed at shoring up a sagging valuation.
Read more »

How WeWork Is Battling The Backlash Ahead of Embattled IPO ListingHow WeWork Is Battling The Backlash Ahead of Embattled IPO ListingPlowing ahead with its IPO, WeWork is hoping to reassure doubtful investors with a series of corporate governance changes by skleb1234
Read more »

WeWork IPO spells rough landing for CEO NeumannWeWork IPO spells rough landing for CEO NeumannAdam Neumann showed he can capitalize on troubled times a decade ago, tapping in...
Read more »



Render Time: 2025-03-18 06:18:20