Hacker News Reader

I guarantee that AI will have it's own best fraudulent company like the rest of the other startups in each of their industry sectors: Theranos (for Healthcare), WeWork (in general), FTX (for crypto) and Nikola (for electric vehicles).

All thanks to the continued unjustified and extreme seed funding rounds and over-valued companies like this especially with no product or any proof other than 'the team'.

View on HN

Fan of wework here. As a longtime happy customer I do not believe they belong in a list of fraudulent companies.

They still enable me to walk into any major city and have a nice office to work out of and I appreciate them for that. They changed the real estate game for startups and solopreneurs and should be commended for this!

Right, there was no "fraud" at WeWork in the legal sense. All of the pillaging of investor capital was properly disclosed and didn't break any laws.

They bet big and they were wrong. It happens

Yeah, the wework hate is getting a bit out of hand. They (well, co-working spaces) added uniformity, predictability, and an international footprint to a legacy business of renting office space.

Reply on news.ycombinator.com