Wednesday, September 25, 2019

I wonder who the bag holder on this is.

Ahead of Its IPO, WeWork's Adam Neumann Reportedly Sold Shares He Owned in the Company and Took Loans Worth $700 million.

"Neumann also borrowed against his holdings, according to the WSJ report, buying more shares in his company as well as purchasing five homes and investing in real estate and startups."

One day you are king of the world - the next day you are getting a margin call for your houses.

This article is from July when everyone was falling all over themselves in the IPO.

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