40B valuation for a collaborative design tool?
wework 2.0 . 200x+ valuation to earnings. Spend 400 million to get 1 billion in revenue, not the worst that has been seen. "$1 billion annualized revenue run-rate". We said it that way cause putting it in GAAP terms would make people realize the emperor has no clothes.
Well at least they are publicly stating to give 'most' of their fortune away to charities. You can't say that about most other unicorns.