WeWork’s parent company just filed for an IPO this week, and it could go public as early as Septmeber.

The company joined the flurry of tech IPOs in 2019, but also revealed a massive $900 million loss in the first half of 2019, causing investors to worry about the downside risks.

What if the economy goes bad? Are they trying to grow too fast? And overall, is this a good bet?

CNBC’s Jon Fortt breaks it all down with Casey Newton of The Verge.

Fortt Knox is a weekly podcast from CNBC anchor Jon Fortt. Previous episodes of the program can be found here.

Products You May Like

Articles You May Like

Budget deficit smashes $1 trillion mark, the highest in seven years
Oracle CEO Mark Hurd to take a leave of absence for health reasons
JP Morgan puts traders on leave as Justice Department’s criminal investigation continues
Billionaires hurt growth and should be taxed out of existence, says bestselling French economist
How much you can expect to receive from Social Security if you make $50,000 a year

Leave a Reply

Your email address will not be published. Required fields are marked *