https://thenextweb.com/insider/2019/09/17/weworks-parent-company-is-reportedly-delaying-its-idiotic-ipo-plans/

The Wall Street Journal reports that The We Company, which owns co-working space provider WeWork, is putting its plans for an IPO on hold. Finally, good sense prevails at the firm.

The real estate company had achieved a private valuation of $47 billion back in January, but that’s since been cut down to $10 billion. As if it isn’t alarming enough that it’s now estimated to be worth close to a mere fifth of its January figure, it’s worth noting the $10 billion valuation is less than the $12 billion it raised over the years.