# @peterschiff on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CzYlrsSO4Wo
- **Gondola URL:** https://gondola.cc/posts/9781444-peterschiff-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/c26cee6176.jpg
- **Posted:** 2023-11-08T11:57:37.000+00:00

## Caption

About two years after going #public through a #SPAC, yesterday #WeWork finally filed for #bankruptcy. But the #problems with its #business #model were obvious long before the #IPO. #Investors just didn't care. Now it's a huge problem for #commercial #realestate and #banks that own the #debt.

## Stats

- **Views:** 0
- **Likes:** 498
- **Shares:** 0
- **Comments:** 37

## Tags

problems, spac, public, banks, bankruptcy, debt, realestate, business, investors, model, wework, ipo, commercial

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