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Except for charities,non profit organization, all other companies exist for profit. We too, work for a profit. From his actions, Adam probably knew exactly what he was doing and that his stint at we work wouldnt last/is inflated by hot air. He sold his shares when it was hyper inflated.
The same can be said of another start up peloton. Founder and insiders sold out when stock was >$100 during covid when connected indoor cycling was all the rage. Currently it is trading a little over $5. Such companies are doomed from the start, but the founder and insiders made it anyway. They have achieved what they set out to do. Whatever happens to the company they set up did not really matter.
The same can be said of another start up peloton. Founder and insiders sold out when stock was >$100 during covid when connected indoor cycling was all the rage. Currently it is trading a little over $5. Such companies are doomed from the start, but the founder and insiders made it anyway. They have achieved what they set out to do. Whatever happens to the company they set up did not really matter.