We is worth $ 1 – 70 % below where it last raised funds , according to Aswath Damodaran , professor of finance at the NYU ’s Stern School of Business . He estimates that WeWork has about $ 23.8bn of real estate debt and lease commitments . Its business model , which relies on companies turning profitable as they age , is built on a knife edge that is sensitive to even the smallest economic friction , he says . "There is a danger when stories rule, and especially so if the numbers become props or are ignored, that the pricing that is attached to a company can lose its tether to value. Relevant document : Runaway Story or Meltdown in Motion ? The Unraveling of the WeWork IPO ~ Aswath Damodaran , ~ 9-Sept-19
We is worth $ 1 – 70 % below where it last raised funds , according to Aswath Damodaran , professor of finance at the NYU ’s Stern School of Business . He estimates that WeWork has about $ 23.8bn of real estate debt and lease commitments . Its business model , which relies on companies turning profitable as they age , is built on a knife edge that is sensitive to even the smallest economic friction , he says . Relevant document : Runaway Story or Meltdown in Motion ? The Unraveling of the WeWork IPO ~ Aswath Damodaran , ~ 9-Sept-19