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Comment by autokad | Hacker News Reader

really strange person. reveling for the downfall of a company that would yield negative effects on you and your coworkers.

while I find this story interesting to see how things play out, what lessons learned, etc, I don't revel at all about what is happening even though it has no direct impact on me. I feel bad for those 2.5k+ employees that went from 'our company is going to go public and this is going to pay off nicely to me' to "I got nothing and now I'm being laid off". Its sad, sorry that happened to them.

The wework debacle is already having negative ramifications in tech where companies are over correcting from earnings growth and investment to higher bottom lines. This will also lead to lower pay and opportunity for many tech workers. I'm not reveling.

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Yeah, I'm definitely a strange person but I want to say that me and my coworkers are largely insulated from the negative effects of the WeWork debacle. We always knew working in a WeWork was a temporary thing, maybe a max of 2 years in this space before we have our own office space to work from.

I don't revel about the 2.5k employees that lose their jobs at all. (Not that I befriended many of the WeWork employees, but they're very nice people and I would hate to be in their situation, especially this close to the holidays.)

I revel about the irrational exuberance from the upper echelons of management/banking. I revel that Neuman, Softbank, JPM, Goldman Sachs, etc. are now getting called out for trying to dress up a pig in lipstick and sell it to the public at 10x its current (perhaps, "real"?) valuation.

Your last paragraph though - it's hard to make the determination that "WeWork's meltdown is leading to corrections in earnings growth/investment from tech companies." Not necessarily true imo, earnings growth was bound to correct sometime soon, especially with economic data pointing that demand is starting to slow (which is why central banks across the world are easing rates).

> I revel about the irrational exuberance from the upper echelons of management/banking. I revel that Neuman, Softbank, JPM, Goldman Sachs, etc. are now getting called out for trying to dress up a pig in lipstick and sell it to the public at 10x its current (perhaps, "real"?) valuation.

Couldn't agree with this any more. If anything, the best thing to come out of the WeWork debacle is more founders will be aware banks pump the stocks up so the bankers get rich when a firm IPOs but then generally deflates after the hype dies down and before tech workers can benefit.

I think you might be mixing up “reveling” with “revealing”

I just read this after I posted a long reply... is this what they meant?? lol

maybe I missed the a, but I think he edited it after

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