Joel-Oskar

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‘Okay, we average two hundred bucks per square foot, so that’s $600 million in revenue, then you put a 20x revenue multiple on that’ ”—the lavish multiplier WeWork was being given by investors—“ ‘and that’s an extra $12 billion in valuation.’ ” WeWork employees had always been impressed with Adam’s ability to swiftly tabulate large numbers, and several of them had watched as he took this type of calculation to its next logical conclusion. “We were working on a deal,” one WeWork real estate executive said.
Billion Dollar Loser: The Epic Rise and Fall of WeWork
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