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We Co. has $47 billion in lease commitments

WeWork’s parent, the We Company, disclosed that over the next 15 years, it has $47 billion in lease commitments. That’s the same amount as its latest valuation, and that figure is in addition to $6 billion debt.
-- David Jeans, E.B. Solomont and Sylvia Varnham O’Regan

I have no interest in this company (I guess that I do own the underwriter, J.P. Morgan, so I have some interest!), since (like Lyft and Uber) it is spending money faster than sales, but the whole dynamic of these IPO's is fascinating and fun to watch. There is no reason to dabble in any of these speculative IPO's. Doubling your money in a stock, over a short period of time, is extremely difficult. Losing half of your money in a stock, over a short period of time, is extremely easy.

-- Scrib