> By 2021 its valuation had risen to a hyperbolic $15 billion, and the founders had cashed out by selling some of their shares to investors. They bought a private plane and decamped from Philadelphia to intracoastal mansions in Miami.

This is might be the best example I’ve seen of getting rich by just riding the bubble mania and cashing out at the right time.

> former WeWork executive Ted Stedem as Chief Financial Officer

WeWork. CFO.

This does not inspire the confidence they seem to think it does.

So "everything stores" are cesspools of scammers, rent-by-the-hour desks went unrented, worker-exploiting taxi companies are being regulated, so are law-evading hotel rooms and their pervert owners, social media is recognised as socially harmful, remote work communications tools reduce productivity, the poor starving OS maker has to resort to ads in everything and to watching your every mouse move, self-driving self-stopped, the blockchain blocked up, crypto was too obscure for most, streaming media flowed into a fetid swamp, and big AIs are just unintentional comedians. Now instant delivery is taking too long.

That was quick.

Probably better for the planet this dying quickly.