20-09-2019 16:41 via feedproxy.google.com

Billionaire Oracle cofounder Larry Ellison calls embattled WeWork 'almost worthless'

The billionaire Oracle cofounder Larry Ellison reportedly said WeWork was "almost worthless" in a recent discussion at his house in San Francisco.
According to a report in Barron's, Ellison offered a scathing take on WeWork's business model: "WeWork rents a building from me, and breaks it up, and then rents it. They say, 'We're a technology company, and we want a tech multiple.' It's bizarre."
WeWork is preparing for an initial public offering, but the office-coworking company has faced increasi
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