1. 'Doesn't Pass the Smell Test': Investors Question Recent Developments at WeWork Ahead of IPO

    fortune.com BoardNews
    'Doesn't Pass the Smell Test': Investors Question Recent Developments at WeWork Ahead of IPO

    What's more, an array of financial maneuvers behind the scenes at the company have cast further questions over its corporate governance . As the ...

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    1. These large and unprofitable IPOs are problematic for investors, and they have to be done very carefully.
    2. What I worry about from a longer-term perspective is that they're not cycle-tested.
    3. I worry that in a downturn, a certain amount of tenants that WeWork has get flushed out—but [WeWork is] still on a 10-year lease that they signed with the landlord.

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