In a 1966 Newsweek article, the eminent economist Paul Samuelson famously quipped that the stock market had predicted nine of the past five recessions. It's a remark that is often repeated to deride the powers of the stock market to predict the economy.
My powers of prognostician come close as I predicted 17.5 of the past three recessions. 🤣
I may be interpreting your original article on We Company quite differently. While the article didn’t specify the split between growth funding and buyout of investors, my understanding was that a big chunk of the $20 billion would give Adam Neumann the flexibility and breathing space to make longer-term payoffs, such as discounted building leases during a recession.
His largest financial backer, SoftBank’s Masayoshi Son, was prepared to give him enough money to fuel not only WeWork’s ongoing and massive growth plans, but also to buy out all his other existing investors.
However, I completely botched my reading of the $1.2 billion in losses. By a multiple of 9. Yikes!