😨 WeWork Wobbles While Buffett & Burry Bet on a Crash

Aug 18, 2023

∙ Paid

WeWork's doing its best impression of a sinking ship, hemorrhaging a cool $600 million in just 6 months.

With only $680 million left, someone might want to toss them a life jacket.

And while they're playing musical chairs with restructuring, the big question is: when will the music finally stop?

Meanwhile, Buffett and Burry, are rubbing their hands together, waiting for the stock market to faceplant.

Buffett's lounging with a whopping $147 billion in Treasurys, and Burry? He recently bet $1.6bn against the market.

In this edition of the AltReports:

🤦‍♂️ WeWork Woes

⏳ Crash Countdown

💥 Bust Bonanza

🤠 Restructuring Rodeo

🤪 Mortgage Madness

Video of the Week: Housing Market Warning Signs

Chart of the Week: Investors Give Up Hope on Rate Cuts

Podcast of the Week: From Graphic Design to Multi-Family Millions

After losing $600 million in the last six months and having only $680 million in liquidity, it's no wonder Wework is in trouble.

They have announced another round of restructuring and reorganization, but how many chances does this company get?

According to Robert Kiyosaki, Warren Buffett, and Michael Burry are waiting for the market to tank so they can swoop in and grab some bargains.

Buffett's got a whopping $147 billion in short-term Treasurys, while Burry's shorting the market.

San Francisco's housing market is in a tailspin, with median house prices dropping a whopping 29% in just 16 months.

But don't get your checkbook out just yet, housing market downturns are slow and painful.

And this one is just getting started.

#AltReports