11
Sep
2019
Bloomberg: WeWork floats “governance change” to salvage IPO
As per Bloomberg: WeWork desperately scrambles to salvage an IPO being spurned by the investing public by floating a “governance shakeup” although any reforms would still leave Neumann with total control over what happens because of the share structure. Also, the article opines that nobody is sure what governance changes remain to be made, given that “The company already has taken some steps, such as adding a woman to its board and having Neumann return... Read More
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10
Sep
2019
VentureCrapital initiates coverage on $TSLAQ
I had all but mothballed this project because, frankly, I was neglecting it. But lately I’ve been feeling like some kind of inflection point has been reached. When multiple unicorns are underwater or in danger of going underwater on their IPOs ($TLRY, $SNAP, $UBER, that other one…. ) or at least looking like they should be under water ($BYND) and then WeWork looking like it may not even make it to the gate…. combined with yield curve... Read More
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10
Sep
2019
Unicorns Jump The Shark: WeWork IPO In Danger of being Shelved
For some reason the investing public seems to be giving the WeWork IPO a suboptimal reception. After multiple reductions in the IPO sticker price, from 40B down to 20B and now perhaps even less, the lead investor Softbank is recommending that the IPO be shelved. For some reason when the CEO cashes out 700 million ahead of the IPO in a company whose losses exceed total revenues people aren’t overly eager to put in more money.... Read More
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19
Jul
2019
WeCash-out, before IPO
The WSJ today reported on how WeWork co-founder and CEO Andrew Neumann has extracted $700,000,000 in share sales and loans from his money-losing, pre-IPO unicorn. So far Neumann has purchased 4 homes around New York, funded an elementary school his kid goes to, and paid $14,000,000 for a 13,000 squarre foot crib in the Bay area that has a guitar-shaped romper room. He also buys properties and leases them back to WeWork. All very confidence instilling for... Read More
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10
Jul
2019
Peak Trump: The Undrainable Swamp and the Fantasy of Maga

New York Times best-selling author David A. Stockman is the ultimate Washington insider turned iconoclast. He sounded the alarm on US deficit spending and special interest domination of both parties in the Triumph of Politics (1986); warned in The Great Deformation (2013) about massive public and private debt and the Fed’s unhinged money printing and bailouts; and exposed the imperiled American economic dream in Trumped! (2016). Now in Peak Trump: The Undrainable Swamp and the Fantasy of MAGA, he debunks Trump-O-Nomics and the perils of Washington’s addiction to perpetual wars. Stockman says Trump is headed for a great big fall from the imminent crash of a 30-year financial bubble, which he condemned on the campaign trail, but foolishly embraced once in office: “The Donald is not remotely the force of nature he’s been made to seem by the Trump-obsessed media. To the contrary, he’s actually a political flyweight, megalomaniacal incompetent, and bile-ridden bully who stumbled into the Oval Office against all odds; and then lucked-out a second time – bragging about the last gasp of a failing business cycle expansion that had ‘recession ahead’ written all over its forehead”. Stockman says the Great Disrupter’s lasting contribution will be to discredit “Imperial Washington’s self-serving bipartisan consensus in favor of permanent war, unchained entitlements, fiscal incontinence, debt-fueled consumer spending, rampant corporate financial engineering and endless bubble inflations at the Fed.” Stockman warns “the twin fiscal menace of the Warfare State and Welfare State” will be Trump’s undoing. After taking the $2 trillion per year of uncontrolled entitlements off the table, Trump “then added insult to injury via his unfunded $1.7 trillion tax cut and massive defense and domestic spending increases. The result was a guaranteed $20 trillion explosion of the Federal debt over the coming decade.” Listen today Related: You Need To Hear: David A. Stockman on “Peak Trump” (Podcast)

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10
Jul
2019
You Need to Hear: David A. Stockman on “Peak Trump”

Our latest audiobook is David A Stockman’s “Peak Trump: The Undrainable Swamp and the Fantasy of MAGA”. It’s an amazing read, Stockman has seen the machinations of the US government from the inside as the erstwhile youngest congressman ever elected (until AOC) and was Reagan’s head of MBO. This book takes no prisoners. Carefully balancing an expose on the failures of the political class which led to Trump’s election, while simultaneously excoriating The Donald for his myriad missteps and failures. Carefully note, that this is not a “Never Trump / Orange Man Bad” rant. It’s an incisive expose into a system rigged to preclude any real reforms, now ostensibly being led by a clueless narcissist who is finding that the byzantine workings of The Swamp are far more complex and ingrained for a reality TV star to master, and how that will affect us all.

The post You Need to Hear: David A. Stockman on “Peak Trump” appeared first on SpokenTome Media: Audiobooks.

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