Tech is definitely overvalued with some sky-high valuations. A great example is #WeWork which is a real-estate company, but called themselves a tech company to get a higher valuation. $WE

Yes but the company still has to pay salaries, etc. And if the small companies and startups they lease space to go under, they won't be making any more payments to WeWork. $WE certainly isn't picking up any new customers or renewals during the pandemic.

Definitely. I'm curious to know if #WeWork will shutter as a result of the pandemic. I assume they still have to pay rent on their properties, but aren't getting any new customers. $WE

Very helpful S&P... downgrading AFTER the company crashed and burned? $WE

Despite what Adam Neumann claims, #WeWork is a realestate company, not a tech company. Technology companies seem to be able to justify such a valuation, but not realestate. $WE

I actually liked #WeWork's model, but no, not at that valuation. I think the company will continue to do well and that this will be a humbling moment for them. $WE

Personally I'm glad $WE's IPO crashed and burned. A $47 billion valuation was outright theft and greed.

Great article. #WeWork has a lot of fans, but the valuations being floated are insane. This article really highlights that! $WE $IWGFF