Adam's Back!
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- čas přidán 5. 06. 2024
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Adam Neumann has been trying to buy WeWork - the company he cofounded out of bankruptcy - allegedly with the help of the hedge fund manager Dan Loeb of Third Point.
Neumann’s new real estate company "Flow" has sent a letter to WeWork requesting that they consider its takeover approach. Flow has already raised $350 million from the venture capital firm Andreessen Horowitz, disclosed in the letter that Loeb’s Third Point would help finance a transaction.
The Financial Times contacted Third Point to verify their involvement in the deal and were told that the fund had only held “preliminary conversations with Flow and Adam Neumann about his ideas for WeWork.” They went on to say that they have made “no commitment to participate in any transaction.”
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Well Crypto, not a bad idea 😂
Would you belive it if I tell you that there is a Hungarian Stock Market listed company with a profile to drill and sell mineral water, from a well, they called FUTURAQUA and they really built a blockchain called Waterum to capitalize on the whole crypto bullshit, and of course they had an otc pre-sale of the tokens for shareholders.....than oc they rug-pulled the whole thing and now ppl have a token for like 10 bucks each where you can use it to get a liter of water from their well!!! Im not making this shit up!!! :DDDDD
It's convenient, it's affordable and it is of course a newspaper 😉
This reminds me of all the CZcamsrs hawking the new ready to make meals, in trays, that can be cooked using only your microwave! 😮. Somehow “Factor” has rebranded the TV dinner for Gen Z
Admit it. You bought the T-shirt.
Adam Nuemann is my hero, he fails at everything he does but somehow manages to get paid after every failure
It's actually called being a conman. That's what Newman is.
the role model of our time
@@elvisalpha Sure, but he's good at it. The question is... to what extent does he buy his own bull? The fact he is even considering going back to WeWork implies he does not understand he is idiot -- good at playing the messiah, but deficient in imagination and business sense.
It is called frauding investors.
@@charleskramer6189 He's a billionaire, who is to say he failed?
Dude, Juicero NEVER ACTUALLY SQUEEZED FRUIT.
They sold bags of juice and the 450 dollar thing WAS JUST TO PRESS THE BAGS OUT. I'M NOT EVEN JOKING.
So you could utilize vacant office space to hold the juice? It’s not dependent on the bag (which contributes to landfill problems). You just need an app to control how much juice you squeeze out of your office.
And the pressing mechanism was also horribly inefficient. It made zero use of pressure or leverage so required a horribly overbuilt mechanism and motor.
This isn't actually true, the bags contained vegetable matter that did get squeezed but it was about as efficient as squeezing them by hand. People have cut open the pouches before, you can go see the videos
@@midn8588 I believe the expectation was that the bags contained chopped up fruit that the machine would then squeeze. But what they contained was pre-mashed fruit
It turned cheap smoothies into even cheaper juice.
"there's a sucker born every minute but Adam Neuman didn't need one of these newborn suckers, he had Masayoshi Son" the setup, the punchline, the perfection of that bar cackled with my chest with that one
I literally laughed aloud at your bit about the reinvention of the bus. It's incredible how you're both informative and entertaining!
There are also a lot of companies which re-invented the train but made it more expensive and reduced its capacity.
same, killer delivery
No buses from Patrick then three in one day!?!
"Go where you are, to where you aren't"
"literally laughed"! Amazing
WeWork is revolutionary. A coffee machine in a rented property can revolutionize the valuation
Caffeine can synergize human ability and data processing. The in house real time brew system or IHRTBS will revolutionize revenue generation dynamics, ushering in a new era of having coffee at work.
Don't forget the f'in beer tap!
A caffeine schedule app that’s just a timer
Those guys who put a webcam watching the coffee pot really missed a trick.
Coffee is for closers. What you want is office space that can be incorporated into a healthy beverage like cold pressed juice. That sums up my new start up WeWorkJuicePress. It’s a subscription based juice rental work space.
We’ve developed a blockchain technology that can press underutilized space into nutritious juice, and an AI based app that detects from moment to moment those unoccupied and unused spaces. The space between your desk, the file cabinet, and the ficus? That could be juice.
Patrick I love how you have dialed up the sass
We need 8t in these crazy times
Sadly, its all factual reporting.
It's next level in this video. Sounds like Patrick is straight fed up lmao
I noticed it, too. It's delightful!
@@loganmiat this whole thing is so damn stupid that his subconscious can't accept it.
I am pleased to see the return of Patrick's Rap News segment. Patrick is just the person I would trust to get my Rap industry news from.
Looking forward to the latest update on the Megan and Nikki beef from the most knowledgeable rap reporter on youtube.
That's what we're really here for
The "gym equipment with a build-in ipad" gimmick caught my eye because it's a niche I've solved myself for $0. It's called...laying my ipad on the gym equipment and using it as much as I can while doing my workout. Thanks for coming to my TED talk.
Erm, but that requieres me to buy an iPad AND gym equipment
I can always count on Patrick to keep me up to date with the legislative world of rap music.
Yes Patrick puts the C in rap music!?!
that's the kind of stuff I look for on his channel
Right? Too many other rap content creators get way too obvious in their personal biases and distaste for rappers, while Patrick gives me the rap news straight, with a stiff upper lip.
Patrick's dry wit is always the highlight of my day whenever a new one comes out. Thank you so much for making business fun again 😂😂😂
If his humour was any dryer we'd need KY Jelly in our ears.
So much true. Love it. 😂❤😂❤😂❤
I appreciate Patrick going back to his roots: Rap, rap music, and, of course, rapping.
The rap news logo killed me. 8:48
Truly the greatest rap industry commentator of our time. No one does it better.
he raps straight facts
Finally, some quality rap coverage ...
Yo, listen up, let me tell you a tale,
'Bout Patrick Boyle, he never fails,
In the world of investment, he's the king,
Analyzing stocks like a well-oiled machine.
From tech giants to old-school firms,
Patrick's analysis always confirms,
The potential winners, he can spot,
Turning investments into a jackpot.
Patrick Boyle, the guru of finance,
His skills and insights, they enhance,
Investment analysis is his game,
And with his knowledge, he'll rise to fame.
I am constantly reminded of Ryan Howard in "The Office" adding a social network function to a bulk paper ordering website. I didn't appreciate how accurate that was when I first saw it.
The office was prophetic 😂😂 I didn't get it either at the time
I have to admit, the 2023/24 season of this soap has been quite entertaining. Cannot wait for 24/25, especially the November episodes.
Interesting they brought back an old character. He was certainly entertaining the first time.
Buckle up. The deep state is going to throw some curve balls at us.
People are asking to many questions nowadays
Can't wait for more rap news
15:36 " Now that people realize it's just office rentals, and not a tech business."
I think a scary number of potential investors still don't realize this fact. Neumann raising money from investors to buy back WeWork, is still a real/nightmare possibility.
“One way or another, this money was going to be vaporised, so we only have to feel so bad”
I like how you think, Sir Patrick.🤵♂️✍️
Fun fact: one of the first internet forums and certainly the most influential was started in 1985 and it's called (*drumroll*) The Well
From the Bay Area CA!!
Adam thinks he is the new Steve Jobs saving Apple
More likely, he thinks his name will boost the price of his stock options and he can cash out with a clean couple million before dipping out again.
Or maybe he’s just a delusionally self-assured guy just like Charles Ponzi. Or maybe he’a a genious and is gonna make offices sexy again.
Poor fool, Michael Reeves was the next Steve Jobs.
Isn’t a billion dollars enough for one person?
Adam is a narcissist, no doubt. It is the investors and VCs that I need help understanding. Why does anyone back this fool at this point?
And such a stinky smell ...
The fake tech well is surprisingly, well, deep...
It’s antique technology. Ancient, even. The new moistness is WITC, aka Water in the Cloud.
@@MarcosElMalo2 I dig that Cloud
The well is also renewable, a big miss Patrick, that's why you don't get billion dollar valuations, and it's product is raised by a "bucket" not what you said out of the corner of your foul rap infested mouth!?!
Well worded 😊
It could be bottomless.
best part about juicero .. it couldn't even squeeze juice out of fruits and vegetables ... it squeezed pre-squeezed juice out of a pack .. something you could do with your hands
Or scissors and gravity.
I mean, you can't call Neumann dumb, he walked away from WeWork as a billionaire (not like he cares what happens to all the people left holding the giant empty bag). He's also facing pretty much zero consequences for its failure so there's no reason that he should stop now especially as there seems to be plenty more people willing to hand him their money.
Actually, in business terms, he is a raving moron - and the chance he is even considering returning to WeWork proves that. People who make fortunes often see their new money as validation of their smarts. He is a talented conman, without the sophisticated conman realization that's all he is. What's sick about our society isn't Neumann - just a time store Jesus conman -- but that idiots with money don't see him for the moron he is.
I mean, I can still call people dumb even if they've got the extremely basic intelligence required to fail upward in a world that's built to let people like them fail upward
One born every minute . . . !
Plenty of people probably got rich using dowsing rods, but that doesn't mean any of them were actually smart
He's dumb😊
After much consideration I think it can be inferred Newman's shady deal is not to buy back wework per-se but preparing the release of his first single "weRap" 🎙️
It seems Patrick is gonna have competition
Be careful what you wish for. If not for yourself, for the rest of us.
Will the winklevoss twins be featuring on the B side?
The lesson here is that if your skull is shaped like Marc Andreeson’s, you should do everything in your power to keep your hair.
Or disguise it as something else. He should get ant tattoos on his cranium.
There was a guy that took apart a Juicero press and found out one of the reasons why it was so expensive. The components were machined to incredible tolerances. The smaller the tolerances, the bigger the price. It didn't have any plastic inside or gaskets. They didn't need gaskets. The guy that dismantled it wondered if they were making any money on the machines and claimed that they were losing money on the machines themselves. Any engineer shall tell you that there was no need for such expensive components and that cheaper components would have done the job just as well and would have been just as reliable.
Adam Neumann is funny. 😆 He knows that the company is losing money so he doesn't want to put his money in it but wants others to put theirs....and take over the company with other people's money. 😆
My favorite Patrick Boyle quote: "These are startups, usually out of California, but in recent years they sprout all over the world where a charismatic founder takes a humdrum business, layers on a veneer of technology and pitches it to investors at an astronomical price claiming that it will change the world"...Brilliant !
I hate how these people do nothing but talk in empty buzz words, these people are saying absolutely nothing, whilst some people nod along like it makes perfect sense, while I am getting irrationally angry at the empty bollocks said person is spouting
Let's make that well app happen. We can call it the Wel Platform, or WelP for short.
It's like a normal well, except you bring the water up by pressing a button on the app. If you want to make it social, you can tag a friend that you're fetching the water for. Obviously we would use Jack and Jill as mascots, to make it easy for doubters to reveal themselves.
Physical water? That’s dumb. Nobody wants to deal with the hassle and mess of physical water. You know what’s smart? Water in the cloud. I’ll give you a minute to grasp what a genius idea this is. Water in the cloud can be moved anywhere for JIT delivery. It can be registered on a block chain or represented as an NFT and used as both a unique investment vehicle (no two water molecules are exactly alike) or as a liquid asset.
Furthermore, if you know anything about homeopathy, you know that dilution generates value in the form of special healing properties. Do you know what nobody has done? Homeopathic water. Imagine if you could dilute water to a ratio of one or two parts per million. Do you get it yet? This is a license to print water and it’s 0000000.1% legal. Plus the water cures cancer.
Can we also get an associated
NFT set called Wellth?
Jack and Jill went on the shill and pumped NFT water.
They sold a jug, then pulled the rug (maybe plug?) and left their buyers with nought 🤣
@@MarcosElMalo2: You're an underrated genius! ⛲💦
@@MarcosElMalo2sounds like a business plan ready to receive a 47 million dollar injection.
@@MarcosElMalo2 the fact your sales pitch is already this good, assures me the business must already be in the works, granted it will most definitely ruin the quality of life i was accustomed to, however... how fast can i invest my life's savings into this project?
I worked for a work agency that sold itself as a tech startup. They had 1 company where everyone worked that showed lossses (more admin than actual workers) and the second one that showed gains, because all the work was done by the people from the first company but it wasn’t shown on the books. Anyway they managed to get tons of money from investors and showed up in every startup newspaper imaginable, the founders really managed to make themselves comfortable even though the company was a scam from start to finish. I quit a while ago but they are still in business.
There is a fertility service that works like that. If you have no chance you are sent to clinic B around the corner. Clinic A has some of the best results in the country and charges accordingly.
@@XenonJohnD A law firm I know claimed a "100% success rate" (on getting tax-free status), by the simple expedient of not taking the clients who obviously wouldn't qualify. After charging them a modest fee up front, of course. They all gotta eat.
Patrick is my favourite CZcamsr. This guy's sarcasm cracks me up 🤣🤣
What? F U! Patrick is MY favourtie CZcamsr! Patrick is BFF with ME, not with you! BFF = Best Financial Funnies
Worked on one of their jobs as a contractor. One day I asked one of the managers how the job is going. He said "Meh, okay. You know with materials and labour, we've installed about 1.3 million pounds worth just this week!". I was gobsmacked! I was instantly suspicious as to how in the world this is a viable business model, so I googled them. Then for the next year, every ad on my phone was a 'we work'! This was around 2015? Knew it was dodgy as hell back then!
This story lacks a huge amount of context
@@adamcetinkentare you trying to defend something that turned out to be a massive scam? Or are you one of those assholes who always have to play devil's advocate no matter what?
Adam loves being on Patrick's channel.
Patrick’s rap updates are iconic
CZcams's favorite rap channel strikes again
The reverence that this news is delivered is nothing short of a blunt, good job Patrick
I'm sitting here very close to silicon valley watching this video and eating peanut butter. And I am wondering how I can make peanut butter seem like a high-tech item.
It connects to the block chain and uses AI to tell you the perfect amount you need to use when making a sandwich
How about Nutero? It’s a peanut press that squeezes fresh peanut butter from subscription bags.
Never been done before 😂
Now I want peanut butter.
@@pencilcase8068you'll need a customised vision pro to see that right amount, though.
It sticks to the blockchain. @@pencilcase8068
Make a machine that squeezes peanut butter on celery. I hate celery but with peanut butter it is pretty nice
Patrick is right, today its not enough to be a crackpot CEO, if you are to stand out in the economic funny papers, you need to go beyond the standard tropes.
Don't forget the distinctive hairstyle.
4:52 We found the real life *Humpty Dumpty!*
I spent _10 minutes_ looking on the internet to see if it’s an actual picture or it’s photoshopped. And I CAN’T believe it, it’s *100%* REAL.
This photo made my day, I swear.
He is from the movie coneheads.
Does he have a ass crack?😊
juicero goes even further. it doesn't even squeeze juice out of fruits and vegetables. it squeezes juice sachets and replaces your hands!
This man is a comedic genius
I would rather see a new drug addled tech scheme in the news rather than more sequels like WeWork and Cybertruck.
Nevertheless it was comforting to see the rap connection getting the coverage it deserved.
Patrick Boyle is not just the best source for rap news, but the only source
had to clean tea of my screen after the vending machine part, well done Patrick🤣
The idea of a digital well.. LOVE IT. Before Facebook, before MySpace, before even the world wide web (when the Internet was still purely text) there was a dial-up BBS called THE WELL. You know, meeting at the village well, the medieval predecessor to the water cooler meetings in an office. It was hugely influential.
WOW! You've outdone yourself, Patrick. The satire was almost oozing out from the computer screen when watching this video. Well done.
Not putting his own money into WeWork is such a vote of confidence in both the business and his own abilities 👍🏻
There is so much sarcasm in this video it has actually left me dazed
Don't click away! If you are patient and able to get through all the boring financial stuff you will eventually get to the good rap news.
Patrick! Thx for the comedic relief... Perhaps 'WiiDontWork' is more apropos...
Is that how apropos is used in a sentence? I have no idea
Dear Prof Boyle: would seriously urge you to do a worldwide stand up tour! I will buy a ticket upfront!
Thank you Patrick, your dry sarcasm while you make these people sound like idiots brings me back every time. 😆
Evening from Ireland 😊
I was in NY two months ago, standing in front of WeWork headquarter and thinking about all comments made by you about Adam and WeWork 😂
Farming is a subscription business with a lifetime commitment from the buyers. Fool proof. Infinite TAM.
@PBoyle 0:25 WTH? This is relevant information that should have been up front years ago. I've been snapping up your favorites at fire sale prices for years. Taking an absolute beating I might add. It got so bad I considered taking Jim Cramer's advice.
Love to see the channel be able to return to its true, passionate, subject matter-rap music-even if only in passing.
Patrick is quite jealous about tech founders' hairstyles. I wonder why? 😅❤
My company is moving offices and the new office has been delayed for a few months so we have moved into a WeWork style temporary office with a beer tap.
God I love British humour...and yours surely doesn't disappoint!
Remember kids, if the company in question is exciting and energetic, spouting high tech yogababble, a lot of people are not going to be bored watching you lose money.
Anybody who would do business with Neumann-- again --must have a profound faith in humanity that I cannot even fathom...
the non-tech business term for Flow is basically "slumlord"
how the trumps started after the yukon brothels
Patrick Boyle; the greatest content provider on the net. Dilly Dilly Jolly Well Done
Like Joe blogs, I am flummoxed why you are not snapped up by a major network to present in-depth business news, now you and Joe blogs doing morning business news. That will set my day up. Love what you do.
I hope he doesn't. I really prefer his uncensored and independent way of doing things.
@@BoredblacksheepI know what you mean, but why do the major networks not realise that? Patrick and Joe's approach of in-depth news is the way to go?? That's my point. Their stats are there to be seen. They are popular and their delivery is spot on.
@@sebastiansmith41 Well, the answer is depressing.
Because they'll tell him what he can and can't say.
@@dawnfire82 that maybe very true and sad.
I respect Adam Neumann. Not because he’s a good businessman, but because he’s one of the few who managed to successfully walk away with all of the marbles. Not saying that’s a good thing, but it sure is an impressive one.
Oh my gosh!..your dry/sharp/sarcastic wit always gets me (love the "The Well" as a "revolutionary" investment opportunity....couldn't stop chuckling!)
This is definitely your best video yet Patrick! 👍👍👍
When I saw the news. I laughed and immediately think about you.
The first 5 minutes of this was next level scripting and visual humour. Bravo
Im currently visiting Bangkok for a month, there's a We Work sign here, and several copy cats. At night, all the building's lights are off everywhere.... I think lots of Chines people are wishing you'd buy an apartment here....
"smartphone enabled beertap" is the next $1 billion startup
Is it on the Blockchain?
When I heard their vision to raise human consciousness I knew it was a joke 😂
Finally a realistic job description for these CEOs.
😂 neon guarantees that inhabitants are always the greatest distance from where they need to go at any point in time
Patrick, the humor is really dialed in and great lately. Love love love the video!
my go to source for rap news 👍
Hurray we got past the boring finance stuff and reached the juicy rap rumors!
His delivery of the low blows is so perfectly timed and elegantly executed!
I am as baffled by the world of finance as I am by nuclear physics, but I enjoy your videos primarily due to the dry humor you employ as you analyze some of the more loony aspects of modern "high-tech" finance and investment. Some of the schemes you disassemble with plain language are so transparently absurd that even I would be able to detect the fraud hiding behind the word salad of the pitch. I love language the most when it is poetically beautiful, but I also love it when clear language is employed in the effort to penetrate and destroy nonsense. Thank you for your entertaining content.
The krawlers comment was absolute gold 😭🤣.
Damn fine suit, Sir. Damn fine.
"one way or another this money was going to vaporized, so we only have to feel so bad" PURE GOLD
The fact Patrick to 3 and a half minutes to get to Elon...after spending all that time describing Elon... good work sir!
Ah, good old Juicero and that SoftBank geezer. Last year NVIDIA and SoftBank announced a pioneering platform for generative AI. Which I think means SoftBank is investing in tech that can draw pictures with 0 commercial value. Awesome. Not to mention a whole landmine of potential copyright issues.
Generative AI will be useful for run of the mill graphics work. Copyright law is not going to be a problem.
Great and incisive commentary as usual Patrick
EPIC takedown and sarcasm! thank you patrick. well played, sir!
That suit is amazing Patrick. Never disappoint with the fit haha.
Love your perspectives…”we-won’t-work” is another great one!
4:50 So he had to travel to France to secure Conehead finance?
To secure mass quantities of capital.
I'm glad Patrick is going back to his roots . I don't know where I'd get my rap news from otherwise
Patrick was on FIRE with the material for this one. Hilarious!
This vid is absolutely brilliant. Patrick has outdone himself with the convergence of rap, finance and freak founders. The dictionary definition of "droll" should simply link to this vid.
Is there any liquidity in those wells? Or has Adam Neumann drained them already?
I mean, lots of businesses have an app - one that at least works, even if it's bad and there's no reason you'd ever use it instead of a normal website or just emailing/phoning/texting the person in question - and lots of businesses are run by fratbro douche canoes who know how to party hard and not much else. But WeWork and FTX and such are genuine magic. The difference between getting the recipe almost right, and the exact pinch-and-a-half of salt and pepper before folding the mixture exactly seventeen times counter clockwise with an oak spoon. Something incredibly powerful is happening here, these men are modern day sorcerers, and the mere fact that they can't 'generate value' for anyone else shouldn't detract from that.
"He didn't need one of these newborn suckers" got me. Too good.
Best description of Neom I've ever heard 😂
the burns in the video. ba gawd.
The humor on this channel just gets better every time. Great work!
Sunday morning droll time!
Thanks Patrick.
Classic Patrick Boyle - comedy as biting and dry as a high mountain wind, I love it!
I loved this episode! Bravo!!!
I ❤ Patrick Boyle. He is like an island sanctuary of sanitary and logic in this swirling ocean of lunacy we now live in.