Pivot Sharks, WeWork & Tumblr's tumble from grace
Aug 16, 2019
Join the lively banter about the quirky rise in shark sightings that mirrors the precariousness of WeWork's financial future. Delve into Tumblr's rocky decline and the ethical dilemmas tied to tech acquisitions. Discover Nike's innovative subscription service, which aims to simplify shoe shopping for growing kids. The conversation also touches on the impact of trade wars on the tech industry and Raj Chetty's insightful research on income inequality, sparking a blend of humor and serious reflections on societal challenges.
AI Snips
Chapters
Transcript
Episode notes
Shark Encounters
- Kara Swisher and Scott Galloway discuss the prevalence of sharks near their vacation spots in New England.
- Galloway expresses a strong fear of sharks, while Swisher recounts shark attack statistics.
WeWork's Business Model
- WeWork's business model, despite its branding as a tech company, is essentially real estate arbitrage.
- Their high valuation is unrealistic compared to competitors and their own financials.
WeWork's Vulnerability
- Adam Neumann's substantial withdrawal of funds from WeWork signals a lack of confidence in the company's future.
- This coupled with the impending recession makes WeWork vulnerable.