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My favorite WeWork-related dumb thing was when an umbrella fell in front of the door in one WeWork location and no one could get in
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Aug 20, 2023 00:01
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FlamingLiberal posted:My favorite WeWork-related dumb thing was when an umbrella fell in front of the door in one WeWork location and no one could get in I didn't know this story so I looked it up https://twitter.com/NeerajKA/status/1173997679363407872 It's a great story
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Aug 20, 2023 00:14
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https://twitter.com/Noahpinion/status/1174005962912387072
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Aug 20, 2023 00:51
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canyoneer posted:I didn't know this story so I looked it up
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Aug 20, 2023 01:11
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canyoneer posted:I didn't know this story so I looked it up
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Aug 20, 2023 01:33
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Cowslips Warren posted:i only know of WeWork because I used to deliver boxes of fruit to one of their offices. The place looked pretty sparse. Clean though so maybe they kept the janitorial still. https://www.youtube.com/watch?v=ySPscgs3ErM
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Aug 20, 2023 07:32
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Zero One posted:WeWork is probably headed for bankruptcy. The founder bought tons of property, that he then leased back to wework right? So if wework goes bankrupt they could get out of those leases and leave the founder with a bunch of unwanted offices?
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Aug 20, 2023 10:10
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I love this video of some guy who has drank deep of the koolaid. Highlights are him microwaving tuna salad and his coworker giving him a nasty look and his fiancé turning and staring at him when he said they intend to continue living there when they have kids. https://youtu.be/2QCySNv7cxA
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Aug 20, 2023 18:26
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Jeesis posted:I love this video of some guy who has drank deep of the koolaid. Highlights are him microwaving tuna salad and his coworker giving him a nasty look and his fiancé turning and staring at him when he said they intend to continue living there when they have kids. https://youtu.be/2QCySNv7cxA It's all the worst parts of a 19th century boarding house without the critical "inexpensive housing" element
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Aug 20, 2023 19:43
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'He loves spending his time reading Ayn Rand and biographies of great men.' Hahahaha
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Aug 21, 2023 02:27
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canyoneer posted:I didn't know this story so I looked it up Uh huh. 2 days? Riiiiight. 🙄
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Aug 21, 2023 02:47
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Zero One posted:WeWork is probably headed for bankruptcy. 1 for 40 split is pretty bad and I'm surprised that companies can just do this to keep above the $1 requirement. That just feels like cheating and it's clear the stock will probably just fall down again and can just reverse split as many times as they want so is the delisting warning even worth anything? I feel like there should be stricter rules for this. While researching this I found the stock TOPS which has a bad habit of this, it just keeps going below the requirement and reverse splitting to the point where split adjusted a single share at the beginning was worth trillions of dollars. Can't the SEC crack down on this poo poo?
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Aug 21, 2023 03:04
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Original_Z posted:1 for 40 split is pretty bad and I'm surprised that companies can just do this to keep above the $1 requirement. That just feels like cheating and it's clear the stock will probably just fall down again and can just reverse split as many times as they want so is the delisting warning even worth anything? I feel like there should be stricter rules for this. It's the NYSE rules, I would have imagined they require a certain market cap as well.
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Aug 21, 2023 03:44
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Trabant posted:We've had one, yes. What about second bankruptcy? Afternoon debt, default, sucker?
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Aug 21, 2023 08:25
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This is probably not going to be very known to anyone here, but the Japanese car dealer Big Motor is going through one hell of a scandal, only Japanese sources are keeping up on it but if you translate their wiki page (https://ja.wikipedia.org/wiki/%E3%83%93%E3%83%83%E3%82%B0%E3%83%A2%E3%83%BC%E3%82%BF%E3%83%BC#%E4%B8%BB%E3%81%AA%E4%B8%8D%E7%A5%A5%E4%BA%8B) into English it has a pretty up to date list of the many, many, many bad things they've been doing. The main one was overcharging insurance companies for repairs and inspection work, to the point where they would damage the car themselves in order to require a repair and causing people's insurance premiums to go up. Toxic working environment with management obsessed with numbers and trying to throw their workers under the bus, unreasonable quotas, general harassment, cash penalities for not meeting quota, and even destroying the environment around their stores. I don't know how they're going to manage to survive this.
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Aug 24, 2023 01:30
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'Cash penalties for not meeting quotas'....were they fining employees for failing to meet sales targets, or what does this mean?
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Aug 24, 2023 01:51
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I don't think Fatz Cafe even got to the circling the drain part. They just bullseyed straight down it. https://twitter.com/AaronPyne4/status/1694518104741556532
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Aug 24, 2023 02:41
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FlamingLiberal posted:'Cash penalties for not meeting quotas'....were they fining employees for failing to meet sales targets, or what does this mean? Apparently there was an 'informal' system where managers that failed to meet quota would give their own money to the ones who surpassed their quotas. Of course the company claimed that it was just a side thing that some of the stores decided to do on their own to encourage sales as a friendly rivarly system. It was widespread enough that no one is buying that they weren't aware of it, if not downright encouraging it.
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Aug 24, 2023 02:48
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Doggles posted:I don't think Fatz Cafe even got to the circling the drain part. They just bullseyed straight down it.
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Aug 24, 2023 03:07
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FlamingLiberal posted:Is this the chain that was in the Carolinas? Yup.
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Aug 24, 2023 03:14
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Doggles posted:I don't think Fatz Cafe even got to the circling the drain part. They just bullseyed straight down it.
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Aug 26, 2023 16:24
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Doggles posted:I don't think Fatz Cafe even got to the circling the drain part. They just bullseyed straight down it. I tried going by there on a trip last month, the wait was so long we went somewhere else 
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Aug 26, 2023 17:12
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Doggles posted:I don't think Fatz Cafe even got to the circling the drain part. They just bullseyed straight down it. Ok so what actually happened here?
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Aug 26, 2023 17:26
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MarcusSA posted:Ok so what actually happened here? At work so can’t check it properly, but hazarding a guess at “venture capital ghouls involved”.
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Aug 26, 2023 17:28
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quote:It was unclear why the restaurants closed. The company had not responded to a request for comment as of publication time. stolen from here. Expanded too fast maybe?
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Aug 26, 2023 18:38
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Pogonodon posted:stolen from here. Expanded too fast maybe? It’s wild that they would just up and close all of them. There had to be a few locations that made money guess that wasn’t an option lmao
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Aug 26, 2023 19:01
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MarcusSA posted:It’s wild that they would just up and close all of them. There had to be a few locations that made money guess that wasn’t an option lmao Not really that uncommon. One thing about restaurants is that you get a volume discount on a LOT of things, like food, produce, linens, payroll. Profit margins are razor thin in good times, lose that discount and suddenly profitable locations aren’t so much.
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Aug 26, 2023 22:02
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The Stitcher Podcast app dies today. What was once the best place to get a huge amount of really good podcasts ad free, has been bought out, gutted and eventually killed by corporate interests. I can still listen to the podcasts on other networks, but I'm gonna have to hear a lot of my favorite creators do ad reads now. Thank God for CBB world.
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Aug 29, 2023 13:45
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Master Twig posted:The Stitcher Podcast app dies today. What was once the best place to get a huge amount of really good podcasts ad free, has been bought out, gutted and eventually killed by corporate interests. How many apps is Scott gonna murder before they stop him
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Aug 29, 2023 15:35
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As many as it takes.
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Aug 29, 2023 17:13
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Master Twig posted:The Stitcher Podcast app dies today. What was once the best place to get a huge amount of really good podcasts ad free, has been bought out, gutted and eventually killed by corporate interests. I've gotten pretty efficient at double tapping the button on my headphones to skip ahead; I'm really not interested in Pod Meets World, Ronald Reagan gold, or whatever other garbage iheart radio is shoving into Behind The Bastards.
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Sep 2, 2023 01:12
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The local water park shut down without warning the day after Labor Day. https://www.mercurynews.com/2023/09/06/san-joses-raging-waters-to-permanently-close/
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Sep 7, 2023 01:25
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Now it will sit SBNO for a decade as the city goes back and forth between developers that want to repurpose the land and companies that promise to reopen it then drop out when they realize how much it’ll cost to fix everything on top of the lease payments.
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Sep 7, 2023 02:40
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hallo spacedog posted:How many apps is Scott gonna murder before they stop him which/Who Scott is this? also do am I correct that he's some sort of Venture capital / VC guy?
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Sep 7, 2023 03:03
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PhazonLink posted:which/Who Scott is this? No it was a lame joke about Scott Aukerman, since the other poster mentioned cbbworld because I think iirc stitcher was like the third dead paid service upon which Comedy Bang Bang has been offered
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Sep 7, 2023 03:09
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Admiral Joeslop posted:I've gotten pretty efficient at double tapping the button on my headphones to skip ahead; I'm really not interested in Pod Meets World, Ronald Reagan gold, or whatever other garbage iheart radio is shoving into Behind The Bastards. iheart absolutely has the most god awful ads of any network. I can skip ads, but my headphones aren't the most responsive, and only let me skip forward, but not back, so it's easy to overshoot. Plus I listen at work and having phones out gets you written up, so skipping ads is possible, but a huge pain. I'm happy to pay a little money to support creators in exchange for ad free listening. But yes, I blame Scott Aukerman.
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Sep 7, 2023 03:42
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xarph posted:The local water park shut down without warning the day after Labor Day. https://www.mercurynews.com/2023/09/06/san-joses-raging-waters-to-permanently-close/
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Sep 7, 2023 04:06
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Master Twig posted:But yes, I blame Scott Aukerman. he won't stop until behind the bastards and stuff you should know are part of his domain
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Sep 7, 2023 04:18
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Rick posted:A bummer. I'm always surprised at how mediocre water park business is in California. And not just now, it's never really been that hot. Which is interesting since they basically print money in the midwest. I thought it had something to do maybe with the proximity to the ocean but they don't work in Arizona either. There's probably a lot of factors, running costs vs demand, the availability of water, flat out whether they're designed or run well...
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Sep 7, 2023 05:50
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Ghost Leviathan posted:There's probably a lot of factors, running costs vs demand, the availability of water, flat out whether they're designed or run well... There’s also the fact that anyone living near somewhere you can build a water park probably has a pool. But in this case it’s just because it’s in the Bay Area and the city jacked up the lease because of property values.
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Sep 7, 2023 12:48
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