WeWork is really worth $14 billion, 70% below where it last raised money, NYU's 'dean of valuation' says.
WeWork, founded in 2010 by CEO Adam Neumann, rents out work spaces to start-ups and other businesses. According to its website, WeWork is "committed to elevating the collective consciousness of the world by expanding happiness and unleashing every human's superpowers."
"To the question of whether WeWork could be worth $40 billion, $50 billion or more, the answer is that it is possible but only if the company can deliver well-above average margins, while maintaining sky-high growth," he said.'Personality' valuation Theranos, once valued at $9 billion, was founded by Stanford drop-out Elizabeth Holmes. It later failed after falsely claiming it had devised a blood test that only required a pin prick of blood. Damodaran does not claim that WeWork is a fraud.
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