Discover and read the best of Twitter Threads about #WeWork

Most recents (13)

Today's Twitter threads (a Twitter thread).

Inside: Steven Brust's "Tsalmoth"; and more!

Archived at: pluralistic.net/2023/05/27/man…

#Pluralistic

1/ The Tor Books cover for Ste...
I'm at @HTLGIFestival in #HayOnWye:

28/5 1130h: The AI Enigma
howthelightgetsin.org/events/the-ai-…

29/5 12h: Danger and Desire at the Frontier
howthelightgetsin.org/events/the-dan…

Next, #Oxford!

29/5: @blackwelloxford's 1930h w/@TimHarford:
eventbrite.co.uk/e/cory-doctoro…

2/ Image
Steven Brust's "Tsalmoth": Swords, sorcery and swooning romance, in a series that is tantalyzingly close to completion.



3/ Image
Read 21 tweets
They said it was impossible. After decades of #antitrust cases over #PredatoryPricing - selling below cost to kill or prevent competitors - the #ChicagoSchool of neoliberal #economists "proved" predatory pricing didn't exist, so courts could stop busting companies for it.

1/ A giant pile of manure with...
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

pluralistic.net/2023/05/19/fak…

2/
Predatory pricing - the economists explained - was illegal, but it was also imaginary. A mirage. No one would predatory price, because it was "irrational." Even if someone irrational enough to try it, they would fail. Stand down, American judges - predatory pricing is solved.

3/
Read 68 tweets
"Interspecies Money"
by Jonathan Ledgard
brookings.edu/wp-content/upl…
Quotes Lucretius on Pg 77

"Dum taxat, rerum magnarum parva potest res
exemplare dare et vestigia notitiae.

So far as it goes, a small thing may give an analogy of
great things, and show the tracks of knowledge. "
The Sisters of Mercy - Lucretia My Reflection 🎶

I hear the roar of a big machine
Two worlds and in between
Hot metal and methedrine
I hear empire down 🎶
I hear empire down 🎶

Read 23 tweets
0/ Interesting times ahead for @WadzPay. These points have been extracted from the latest AMA with @Anish_tweeets today.

Recording:

$WTK $XDC $ALGO $USDC #USDC
1/ I will only cover points from the AMA that interest me:
- WadzPay 2.0
- USDC Algorand
- WadzPayChain (WPC)
- Geographical Markets
- WadzPay Offices
2/ WadzPay 2.0
It is technology enhancements that allows better settlement, consumer experience, seamless flow of funds, tokenisation etc.
It is a combination of different layers which is WadzPay and their strategic partners such as Algorand, USDC and others. ( $XDC is a partner)
Read 13 tweets
2023 will be the year of layoffs…
20/1/2023 - #Google's parent #Alphabet to lay off 12,000
18/1/2023 - #Microsoft is laying off 10,000 employees

#layoffs #layoffs2023
Read 64 tweets
#EuanBlair Doing bits! 🤑

#Multiverse goes from being valued at £14m in 2018 - £648m today

To be fair, it sounds like a good idea (and apparently, unlike many other 'Unicorns' is actually turning a profit)

US Hedge Fund driving that #valuation though #D1 💸

Shades of #WeWork?
-Kernel of a good idea & proof of concept
-Focal Point (Euan Blair - son of former PM)
-Attention of monied US Hedge Funds hunting returns 🚀 in a bubble
-Hedge Funds have influence in big Tech co's. Intro the two parties 📈
-Highfalutin aims
£130m investment ⏩ £260? in a year🎲 ImageImageImage
Dubbed "The Blair Rich Project" in the tabloids 😂

In fairness, it's a great idea that could change graduate tech recruitment

Will expand to senior Recruitment brand for it's alumni

A social Network for 'Multiversers'

Own campus/Lifestyle

#Wework 👀

techcrunch.com/2021/09/28/mul…
Read 4 tweets
More than 3 years ago, @ScheckWSJ & I began reporting on Saudi Arabia's bold economic changes under King Salman & his son Mohammed bin Salman. Today is publication day for BLOOD AND OIL, our book about MBS's rise to power & the storm of activity during his first 5 years in power Image
MBS's ascent is important because all signs point to him becoming the king of Saudi Arabia at a young age, setting him up to be in power for decades. He is also pushing his country toward rapid, radical change with regards to social practices, religion, and the economy
He's unlike anyone in #Saudi history, a young, technology-obsessed, business-focused ruler with an obsessive work schedule and attention to detail. He's also shown himself to be thin-skinned, brutal with dissidents and ruthless with his own family.
Read 18 tweets
#SoftBank is projecting losses worth $24 billion for 2019 fiscal. The Japanese technology company attributed the losses on investments made through its #VisionFund..
(1/3)
We just can't get around our head why would #VisionFund invest in traditional Real Estate companies like
Clutter
Compass
Katerra
OpenDoor
#Wework
#OYO
(2/3)
Especially Real Estate companies with no USP in the long run. No wonder WeWork and Oyo are among the main contributors for the Funds losses. (3/3)
Read 3 tweets
Insightful read from @trevornoren on how "the #Covid19usa is set to expose America's greatest economic vulnerability: #Inequality." medium.com/@13DResearch/w… #GlobalTrends #Macro #US #Risks #gigeconomy #RE #Consumers Some takeaways...(1/5) Image
2/5 "...roughly 40 mln ppl in the #US - 1/3rd of the private labor workforce - work in industries directly affected by #COVID2019" #GlobalTrends #US #Macro #Risks Image
3/5 The #gigeconomy - "85% of ride sharing drivers would struggle to cover basic costs if they were unable to drive due to illness, 70% would run our of money within a month..." #GlobalTrends #US #Macro #Risks Image
Read 5 tweets
Predictions are useless but predicting is invaluable (scenario planning)
@profgalloway #2020predictions
#Snap is less corrosive / damaging to teens
#Tesla trades at 3x the value of auto companies, worth more than Ford & GM combined, dramatically overvalued
#SherylSandberg 2nd best paid person who does the most damage (after Zuck)—she's erased from FB like Trotsky from photos
#HBOMax = like going to the Louvre & saying "let's scale this"—biggest brand blunder of 2018
#AWS is worth more than #Amazon—will be spun out
Choice is a bad thing, people want less choice but to be confident in the choices they're making
Read 9 tweets
You haven’t even begun to see the anger that will be unleashed on Adam Neumann. He has 15,000 people right now who are stuck cleaning up. They feel like circus clowns shovelling the shit. He has taken $750M & left a toxic waste cleanup.

interview @nymag
nymag.com/intelligencer/…
Adam Neumann came in, smoked his own supply, and walked out with three-quarters of a billion dollars about the time that people in hazmat suits showed up.
SoftBank is the only firm in the world that will put money into this thing right now. They either have to go back to their limiteds and say, “We’re probably putting good money after bad,” and create an argument for why there’s still value there, or they have to go bankrupt.
Read 9 tweets
1/n Thread on adjusted earnings metrics (inspired by @NoonSixCap). Intended to find the most ridiculous non-GAAP adjustments for EBITDA and EPS
Read 24 tweets

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