According to report by WSJ, $WeWork(WE)$ plans to file for bankruptcy as early as next week.
WeWork, once highly anticipated, experienced a significant decline in value (once at $47 billion) due to management issues and investor concerns.
With its business model questioned by many, will WeWork receive more funds or be acquired by big tech?
$10 bln funds vs. $10 bln debts
SoftBank invested substantial funds of over $10 bln, but WeWork's value plummeted by almost 98%.
lose 47% on the bankruptcy news
Earlier on Tuesday, the company told the US financial regulator it had agreed with creditors to temporarily postpone payments for some of its debt.
As of June this year, WeWork had 777 office locations in 39 countries, with estimated lease debts of up to $10 billion through the end of 2027.
Most-Shorted Stocks in October: Expect for Short Squeeze or Bankruptcy?
$Faraday Future Intelligent Electric Inc.(FFIE)$ $Novavax(NVAX)$ $Wheeler Real Estate Investment(WHLR)$ $Gaucho Group Holdings, Inc.(VINO)$ $Fisker Inc.(FSR)$
Will WeWork receive more funds or be acquired by big tech?
Will the most-shorted meme stocks experience short squeeze or face bankruptcy?
Which stock is oversold?
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Comments
I have never invested or follow any of the above MEME stocks. WeWork though is the infamous one. I remember reading its CEO had to agree to a golden handshake just before it was pulled out from initial listing due to lack of investor interest. Softbank needed to pump in more money to make the listing happen. However, it was already revealed that its business model was flawed and its previous founder was a fraud. Yet it had stayed afloat! I guess if you are rich, the ocean of bad money can always absorb more new money until you can’t throw any [Spurting]?!
For the rest, using TA, only Wheeler (WHLR) seems to be oversold. The rest seems to have found a little footing for now. Fisker (FSR) has even started a little rally with the rest of EV stocks.
From what i see, there is still plenty of speculative money. Who knows what these people will do? They might recycle the MEME theme again, just like how they played the cryptocurrency lately.
🌟🌟🌟：如果这家陷入困境的公司下周申请破产，我会为WeWork的员工和投资者感到难过。我们的工作淹没在如此巨大的债务堆下，几乎不可能恢复。当然，除非一个穿着闪亮盔甲的骑士来拯救它。可能是软银或者其他一些风险公司。
法拉第期货也是类似的情况。为了满足纳斯达克8月份每股1美元的最低要求，该公司进行了80比1的反向股票分割。尽管其股价今天上涨了4.7%，但今年迄今仍大幅下跌了95%。
法拉第期货公司（Faraday Futures）新任首席执行官马蒂亚斯·艾特（Matthias Aydt）计划通过削减成本和提高销售额，将公司拉出深渊。他能否成功还有待观察。如果他不这样做，那么很遗憾，可能会有另一家公司倒闭。
当一家公司申请破产总是一件令人难过的事情，但有时你永远不知道，事情会变得更好。让我们希望WeWork和法拉第的未来会变得更好。最好的办法是抱最好的希望，做最坏的打算。
@Meme_Tiger @TigerStars @MillionaireTiger @CaptainTiger @TigerClub @Tiger_SG
Another meme stock that might suffer short squeeze or bankruptcy will be FFIE. The stock doesn't have any sign of rebound even it is oversold right now. Don't try to bet with such stocks, either you go big or you go home! The only thing that you might bet on it and have a chance of big win will probably due to its involvement in EV sectors which will be hot in the next decade. However, FFIE needs to be profitable and solve its financial issue ASAP.
@TigerStars @CaptainTiger @MillionaireTiger @TigerClub @Tiger_comments
For the rest, using TA, only Wheeler (WHLR) seems to be oversold. The rest seems to have found a little footing for now. $Fisker Inc.(FSR)$ has even started a little rally with the rest of EV stocks today (not sure if it is a good thing).
From what i see, there is still plenty of speculative money. Who knows what these people will do? They might recycle the MEME theme again, just like how they played the cryptocurrency lately.