logo
episode-header-image
Nov 2023
21m 58s

WeWork Bust Shows Hazards of Love; China...

bloomberg
About this episode

WeWork Inc. — known for free-flowing booze and a fleeting $47 billion valuation — declared bankruptcy just two years after going public. This cautionary tale of over-indebtedness highlights the perils for investors who fall in love with businesses they don’t really understand, says Bloomberg News senior reporter Reshmi Basu. And it’s a warning for lenders to astronomically-valued start-ups as borrowers struggle with soaring debt payments, Basu tells Bloomberg senior editor James Crombie. Also in this episode of Credit Edge, Bloomberg Intelligence analyst Cecilia Chan analyzes US efforts to keep advanced chips out of China — and the fallout for Asia’s technology sector. In addition, Chan discusses how Macau’s casino comeback is boosting gaming companies.

See omnystudio.com/listener for privacy information.

Up next
Oct 29
AI Blitz and US Borrowing Binge Are Disrupting Debt Benchmarks
A borrowing boom among technology companies and governments is upending debt indexes, raising questions about their relevance to investors. “We’re actually starting to think about whether managing versus a benchmark makes a whole heap of sense,” Ross Pamphilon, Impax Asset Manage ... Show More
44m 26s
Oct 22
Mom-and-Pop Buyers Pounce on Battered Hyperscaler Bonds, Says Seelaus
Mom-and-pop investors are buying hyperscaler debt after a selloff that has hit bonds with long maturities particularly hard, according to R. Seelaus & Co. “You’re just seeing absolute yields in long Meta paper, or a household name, that retail is starting to find really attractiv ... Show More
50m 21s
Oct 15
TCW Chops Credit Risk to Lowest in 30 Years as CCCs ‘Cry Uncle’
TCW’s $160 billion fixed-income group has slashed credit risk to the lowest in three decades amid valuation and contagion concerns. “Look back over the last 30 years — you would not find a period where we had less exposure to both investment-grade and high-yield bonds as we do to ... Show More
52m 39s
Recommended Episodes
Nov 2022
TX Empire Goes Bankrupt in Sudden Fall
Bloomberg News Crypto Reporter Olga Kharif discusses Sam Bankman-Fried’s digital-asset empire filing for Chapter 11 bankruptcy. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Technology and Venture Capital Reporter Priya Anand provide the details of Priya's Businessw ... Show More
32m 29s
Sep 2019
Inside WeWork's IPO Disaster
Over the last few weeks, WeWork's parent company has lurched from one crisis to the next as it scrambled to keep its IPO alive⁠—resulting in founder Adam Neumann leaving his job as CEO. This week on Decrypted, Bloomberg Technology's Ellen Huet traces We Co.'s meteoric rise to a $ ... Show More
23m 57s
Feb 2024
WeWork rework
<p>WeWork, the co-working company founded by Adam Neumann, collapsed in bankruptcy last year. And since then, the commercial real estate market has only gotten worse. Which makes this a perfect time for value investors to swoop in. Today on the show, we try to figure out if WeWor ... Show More
18m 50s
Jan 2024
The end of a rocky first week in financial markets
<p>A string of hawkish comments, a rise in inflation rates in Europe and a strong US employment report last week had market participants worried that interest rates were set to stay higher for longer than they had hoped, putting stocks and bonds on course for one of the worst sta ... Show More
12m 44s
Feb 2021
2-9-2021: Chapter 15 Filing Brings 'Day of Reckoning' For Luckin Coffee
The bankruptcy protection move suggests that when the full story is written, it won’t be good for shareholders.Today's Stocks & Topics: ARKG - ARK Genomic Revolution ETF, MMM - 3M Co., United Kingdom Assets, Robinhood Sued, How Aggressive Should Young Investors Be, Reading the Fu ... Show More
45m 45s
Apr 2024
Apple's Tough Start in China and TikTok's Bill
Bloomberg's Caroline Hyde and Ed Ludlow break down why Apple is facing its worst start to the year in China since the Covid pandemic. Plus, a look at the TikTok bill heading to the Senate and an overview of Tesla's upcoming earnings. See omnystudio.com/listener for privacy inform ... Show More
41m 56s
Sep 2025
Troubling signs in corporate debt
First Brands Group, a roll-up of car parts manufacturers, is preparing a bankruptcy filing after amassing as much as $10bn in debt. And last week, Tricolor, a subprime auto loan lender, ran into trouble. Today on the show, Rob Armstrong and Katie Martin ask if we are at a turning ... Show More
23m 26s
Dec 2023
Pfizer’s Second Gut Punch Shows Pitfalls of Weight-Loss Pills
 Bloomberg News Health Reporter Madison Muller explains how Pfizer’s second weight-loss setback this year is a warning sign that breaking into the lucrative obesity market isn’t going to be easy. Cory Klippsten, CEO at Swan Bitcoin, shares his crypto outlook for 2024. Benjamin Wo ... Show More
42m 33s