An S-1 is the prospectus a company has to file before going public. It includes historical financials, an overview of the business, go-to-market and a lot of additional information. It should generally tell you everything relevant about the company.

In addition to what others said, this belongs at the top of HN because one of HN's primary missions is to be the social media platform of the California VC community. The IPO is the final crowning achievement of everything that YCombinator stands for as a start-up accelerator, so the S-1 is the first very important pulling back of the curtain of exactly what the incubator-driven, VC-fueled startup ecosystem has wrought.

And in this case, the emperor appears to have no clothes. Good luck everyone. See ya in the breadlines!

The company WeWork is going public, and, as part of becoming a publicly traded company, they have to file documents saying what they make, what they lose in expenses, etc.

The S-1 document has that info, and it has been released. There are a lot of red flags, such as a $2 spend for each $1 made.