“It Was a House of Cards”: After WeWork (and Uber, and Fitbit, Etc.), Wall Street Loses Faith in Unicorns

Big institutional players were left holding the bag on WeWork—hastening a bitter reckoning for the IPO market. But after years of irrational exuberance, it might be a necessary corrective—and, ultimately, a win for “last dumb money” investors who routinely get fleeced.