Blackstone CEO Steve Schwarzman said he was puzzled by WeWork’s valuation. “They’re not a tech company,” he said.
Blackstone CEO Steve Schwarzman said he was puzzled by WeWork’s valuation. Speaking at the Economic Club of New York on Wednesday, Schwarzman compared the company with a similar business that Blackstone owns, which he said was worth a few billion dollars and that WeWork's valuation “doesn’t seem right”, although he did add that he has not studied WeWork.