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I give up. I can't top this from @matt_levine https://t.co/dEuWxrLMao pic.twitter.com/71EZMilFtl
— Shira Ovide (@ShiraOvide) October 23, 2019
"He lit $10 billion of SoftBank’s money on fire and then went back to them and demanded a 10% commission. What an absolute legend."
— Alex Wayne (@aawayne) October 23, 2019
Legend-adjacent himself: @matt_levine https://t.co/2rqPu20mH4
@matt_levine is a national treasure. https://t.co/dk1YfLR2ky
— Megan McArdle (@asymmetricinfo) October 23, 2019
It's important that one day, maybe in 100 years, maybe in 300 years, a great-great-granddaughter of mine will walk into that room and say, 'Hey, you don't know me; I actually control this newsletter.' https://t.co/4CxvWAwAGL
— Matt Levine (@matt_levine) October 23, 2019
So much pressure on Matt but he delivered. https://t.co/wVj5Qum9MR pic.twitter.com/K1tVHTTtMW
— Peter Kafka (@pkafka) October 23, 2019
WeWork's founder "created a company that destroyed value at a blistering pace and nonetheless extracted a billion dollars for himself. He lit $10 billion of SoftBank’s money on fire and then demanded a 10% commission. What an absolute legend" https://t.co/BnWrRd5RZG @matt_levine
— Drew Harwell (@drewharwell) October 23, 2019
If you haven't read this yet, you're in for a treat... I'm still laughing...https://t.co/GYGomEidPt
— Chris Mayer (@chriswmayer) October 23, 2019
Neumann lit $10 billion of SoftBank’s money on fire and then went back to them and demanded a 10% commission. What an absolute legend. https://t.co/vXtwdNBFyg
— Prashanth (@Prashanth_Krish) October 23, 2019
Some A+ @matt_levine on WeWork today https://t.co/KTW9GQo2Ag pic.twitter.com/Yafgh36YyW
— Matthew Boo? (@ballmatthew) October 23, 2019
"Neumann created a company that destroyed value at a blistering pace & nonetheless extracted a billion dollars for himself. He lit $10 billion of SoftBank’s money on fire and then went back to them & demanded a 10% commission. What an absolute legend" https://t.co/50BjUuezdC
— Akiko Fujita (@AkikoFujita) October 23, 2019
WHAT FRESH HELL IS THIS?! As a founder of an actual functioning business trying to close a round of funding, my brain just leaked out of my ears. ?https://t.co/xYqOpA916C
— Alex West Steinman (@alwitchsteinman) October 23, 2019
#DigDeeper and then #DigMore https://t.co/lxDW0xc2Cf
— Lynn Shaw (@LynnShawProd) October 23, 2019
You did such a bad job that we don't trust you to make decisions moving forward and want you out. Congrats, here's $1.7B for the shit job you did, the embarrassment you caused us, and the employees dreams you crushed. #absurd #disgustinghttps://t.co/zwLvNQ4LCq
— Marc Syp (@mpsyp) October 22, 2019
I respectfully disagree with those who feel that Neumann was holding few remaining cards. He still controlled the board, and was standing in the way of SoftBank not writing an $11B investment to zero. Pretty strong leverage actually... https://t.co/TD7EKIvXQ7
— Adam J. Epstein (@TheAdamJEpstein) October 23, 2019
the size of Neumann's "golden parachute" could reflect poorly on SoftBank's reputation. $WE
— Great Quarter (@greatquarter) October 22, 2019
I'll say.
https://t.co/f21Ydsx8NH
SCREW MOBSTER BANKS. PROSECUTE THESE GUYS.
— Jill Elaine "PATTERN-CRACKIN' MOB BUSTER" Hughes (@JillEHughes) October 22, 2019
Experts react to Adam Neumann's 'stone-cold crazy' WeWork buyout https://t.co/q31ti2uw7D
Neumann's package has *already raised* hackles among:
— Meghan Morris (@MeghanEMorris) October 22, 2019
Employees: https://t.co/eFPujdJ6zx
Governance experts: https://t.co/L9B4GqIZbD https://t.co/mltFB0hA3A
Why on Earth is SoftBank investing in WeWork? https://t.co/jy2yRaBLmL
— Tom Rogan (@TomRtweets) October 23, 2019
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Amazing... this cannot be topped.@matt_levinehttps://t.co/Vg6ndb2woL pic.twitter.com/0JUSh4JTDL
— Jake (@EconomPic) October 23, 2019
"Neumann created a company that destroyed value at a blistering pace and nonetheless extracted a billion dollars for himself. He lit $10 billion of SoftBank’s money on fire and then went back to them and demanded a 10% commission. What an absolute legend." https://t.co/IkIyQCOm2c
— Mike Bird (@Birdyword) October 24, 2019
So brutal! https://t.co/I5pOCrDTFM
— Ashish K. Mishra (@akm1410) October 24, 2019
"Neumann created a company that destroyed value at a blistering pace and nonetheless extracted a billion dollars for himself. He lit $10 billion of SoftBank’s money on fire and then went back to them and demanded a 10% commission. What an absolute legend"https://t.co/8BqjzUUhv2
— Barry Ritholtz (@ritholtz) October 23, 2019
When all is said and done (make no mistake: we are just getting started), Adam Neumann would have profited the most from the collapse of the unicorn bubble. https://t.co/R53VZu8uqT pic.twitter.com/zUTbFldgVw
— Jawad Mian (@jsmian) October 24, 2019
QOTD: “Turning $10 billion of investor cash into an $8 billion company is not value creation” https://t.co/dBwlszki2C
— Greg Wester (@gwestr) October 24, 2019
“Neumann created a company that destroyed value at a blistering pace and nonetheless extracted a billion dollars for himself. He lit $10 billion of SoftBank’s money on fire and then went back to them and demanded a 10% commission.”
— Jonathan Levine (@JonMLevine) October 24, 2019
https://t.co/FnodgfYV3L
"Neumann lit $10 billion of SoftBank’s money on fire and then went back to them and demanded a 10% commission. What an absolute legend." @matt_levine strikes again: .https://t.co/bMxpSjRDL6 via @bopinion
— Joe Nocera (@opinion_joe) October 23, 2019
Adam Neumann took $10 billion from investors and turned it into an $8 billion company and a personal fortune. What does that tell us? @matt_levine is at the top of his game in explaining. https://t.co/EPtq4QfPgb
— Nathaniel Popper (@nathanielpopper) October 23, 2019
This piece by Matt Levine about We is probably the funniest piece of finance commentary I have ever read. Pure gold. https://t.co/5fgeWh0Jsl
— halvarflake (@halvarflake) October 23, 2019
Fascinating (and very entertaining) philosophical ruminations on Adam Neumann, the WeWork phenomenon, and the nature of capitalism
— Matthew Brooker (@mbrookerhk) October 24, 2019
Matt Levine's Money Stuff: How Do You Like We Now https://t.co/7vIo01IUjo via @bopinion
Neumann to Son: “You’re going to invest $10 billion in my company, which I will use as kindling to light the whole edifice on fire, and then when we are both standing in the ashes you will pay me another billion dollars to walk away while I laugh at you.” https://t.co/MmrPa4sNDh
— La nuit sera calme (@NuitSeraCalme) October 23, 2019
In Adam Neumann's first encounter with Masayoshi Son, Neumann told others "that Mr. Son appreciated how he was crazy—but thought that he needed to be crazier.”@matt_levine likes to imagine that conversation went something like this https://t.co/C1brKLJRE0 pic.twitter.com/4vBVH8BhwG
— Bloomberg Opinion (@bopinion) October 23, 2019
"Neumann created a company that destroyed value at a blistering pace and nonetheless extracted a billion dollars for himself. He lit $10 billion of SoftBank’s money on fire and then went back to them and demanded a 10% commission. What an absolute legend." https://t.co/tKORM8QDy0
— Mike Dudas (@mdudas) October 24, 2019
"I think anything over a dollar was more than they needed to pay…" The deal genuinely has me wondering if Neumann knows something incriminating about the SoftBank management team. The #WeWork deal is just that puzzling. https://t.co/fMGOrIAfrN
— Alasdair Allan (@aallan) October 24, 2019
#WeWork's new chairman says job cuts are coming in internal memo (rumor is "WeWork is planning to cut as many as 4,000 jobs as part of an aggressive turnround plan") - https://t.co/whOnf8nmwS
— Carla Gentry (@data_nerd) October 23, 2019
Because tech bros will definitely clean up after themselves and WeWork definitely won't turn into a shitty Business Motel that drives out their tennants and liquidates inside two years. Nope def not. https://t.co/KDI3wLF1S5 pic.twitter.com/UCRPyn1HiL
— Megan Fox Likes ??Spoops?? (@glassbottommeg) October 23, 2019
Why the big difference?
— Tom Rogan (@TomRtweets) October 23, 2019
Well, presumably because most analysts can't, like me, quite figure out why WeWork actually exists. https://t.co/pS3uOqikyR
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