But WeWork started inventingtheir own financial metrics to enter into thisconsensual...
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But WeWork started inventing
their own financial metrics to enter into this
consensual hallucination, and they used this term
"community adjusted EBITDA." Basically it was an attempt to say, "we want to pretend to be
profitable by ignoring these expenses." MAUREEN:They adjusted for things that were ridiculous to strip out
and say you're profitable
their own financial metrics to enter into this
consensual hallucination, and they used this term
"community adjusted EBITDA." Basically it was an attempt to say, "we want to pretend to be
profitable by ignoring these expenses." MAUREEN:They adjusted for things that were ridiculous to strip out
and say you're profitable
Full Transcript
00:00:01.000 --> 00:00:04.098
But WeWork started inventing
their own financial metrics
00:00:05.996 --> 00:00:07.484
to enter into this
consensual hallucination,
00:00:07.508 --> 00:00:11.822
and they used this term
"community adjusted EBITDA."
00:00:11.846 --> 00:00:12.988
Basically it was an attempt to say,
00:00:13.012 --> 00:00:17.952
"we want to pretend to be
profitable by ignoring these expenses."
00:00:17.976 --> 00:00:19.496
MAUREEN:They adjusted for things
00:00:19.052 --> 00:00:23.667
that were ridiculous to strip out
and say you're profitable.
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Movie Summary
An account of the six-week death spiral that brought down the company's IPO, a behind-the-scenes look at WeWork's frat-boy culture.
![[audience applauding] - WeWork: or The Making and Breaking of a $47 Billion Unicorn](https://clip.cafe/img400/audience-applauding-s170.jpg)
