https://www.cnbc.com/2019/10/21/jp-morgan-is-at-risk-of-losing-on-its-wework-bet-a-blow-to-ceo-dimon.html #WeWork #JPMorgan
JP Morgan is at risk of losing big on its WeWork bet, a major potential blow to CEO Jamie Dimon
JP Morgan's investments in WeWork are at risk, and the bank is losing out on many millions of dollars in fees that would've come from leading the IPO.
Gosh, is what #WeWork has been doing business or communism or blatant stupidity??? https://www.cnbc.com/2019/10/17/what-happens-if-wework-runs-out-of-cash.html #WeWork
WeWork could run out of cash by mid-November — here's what would happen next
A year ago WeWork boasted about being the largest private office tenant in Manhattan. That could make a potential bankruptcy particularly ugly.
https://www.cnbc.com/2019/10/15/goldman-sachs-says-it-marked-down-wework-stake-by-80-million.html #Goldman #WeWork #Softbank
Goldman Sachs says it marked down WeWork stake by $80 million
Still, Goldman's WeWork writedown was smaller than the $264 million estimate of Morgan Stanley analyst Betsy Graseck.
Steven Hoo
"A far larger drag was Goldman’s holdings in publicly-traded firms. The business was stung by bets in Uber, Avantor and Tradeweb, which drove losses of $267 million in the quarter, the bank said." #Uber stings lots of tutes!