January 21, 2022

WeWork

OK Which One of You Has This Yacht?

We know it doesn’t belong to former WeWork CEO Adam Neumann or it would be called “Community Adjusted EBITDA.” No words… pic.twitter.com/cV6kzUCZ6s — The Wet Bandits (@ChaseJones11) August 1, 2021 Happy Monday, everyone. Related article: Let’s All Have a Good Laugh at WeWork’s Stupid ‘Community Adjusted Ebitda’

accounting firm timesheet

Let’s All Have a Good Laugh at WeWork’s Stupid ‘Community Adjusted Ebitda’

WeWork, a commercial landlord pretending to be a tech-lifestyle company, raised over $700 million in a bond offering yesterday, and it seems they are taking a page from Groupon’s accounting playbook, offering a ludicrous profit metric for all of our enjoyment: In the offering documents, WeWork went to unusual lengths to show ways in which […]