Since the start of 2019, WeWork’s lofty $47 billion has been a fixture of fascination — how could an unprofitable startup be worth more than 15 times its revenue? Believers of that stratospheric valuation got a reality check this week when reports emerged that WeWork’s parent company was considering halving its valuation to around $20 billion for its impending public offering. For other real estate tech startups that are yet to turn a profit but […]
source https://therealdeal.com/2019/09/06/weworks-plunging-valuation-could-spell-concern-for-other-real-estate-startups/
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