A piece contributed to One Hedge by Einstein at Capitalist Exploits flags the strong correlation between tech stocks and bonds markets, referring to WeWork as a real estate leasing business dressed up as a tech company at the tail end of a bull market. The article suggests that similar to Tesla , WeWork is heavily reliant on the capital markets citing its commitment to pay $ 18bn in rent over the coming years on current leases, $ 18bn of which falls due over the coming years and that the start-up is still loss-making.
A piece contributed to Zero Hedge by Chris at Capitalist Exploits flags the strong correlation between tech stocks and bonds markets, referring to WeWork as a real estate leasing business dressed up as a tech company at the tail end of a bull market. The article suggests that similar to Tesla, WeWork is heavily reliant on the capital markets citing its commitment to pay $18bn in rent over the coming years on current leases, $5bn of which falls due over the next four years and that the start-up is still loss-making.