Economist Podcasts Pipe down: attacks on Saudi oil
Sep 16, 2019
Shoshank Joshi, Defense editor for The Economist, and Vijay Vethiswaran, U.S. business editor, dive into the geopolitical chaos surrounding Saudi Arabia's oil industry following recent Houthi attacks. They discuss how these tensions could affect global oil markets and U.S.-Iran relations. The conversation shifts to WeWork’s tumultuous road to IPO amidst skepticism about its business model and leadership. Additionally, they touch on the rising trend of British citizens seeking Iberian citizenship post-Brexit and its financial and social implications.
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Saudi Arabia's Dilemma
- Trump challenged Saudi Arabia to publicly blame Iran for the attacks.
- Saudi Arabia faces a dilemma: push for a strong US response or prioritize caution to avoid escalation.
WeWork's IPO Challenges
- WeWork's IPO faces challenges due to high valuation, lack of profit, and governance concerns surrounding co-founder Adam Neumann.
- Despite these issues, the company is proceeding with its listing on the Nasdaq exchange.
WeWork's Valuation and Path to Profitability
- WeWork’s high initial valuation was unrealistic for the general market.
- A lower valuation improves the chance of a path to profitability, despite current unprofitability and growth.