Cramer rants against hyped-up IPOs such as WeWork — Peloton is just 'a way to hang your towels up' [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Cramer rants against hyped-up IPOs such as WeWork — Peloton is just 'a way to hang your towels up' VIDEO 1:56 01:56 Jim Cramer: Approach unicorns going public with caution Squawk on the Street CNBC's "How about Peloton? Do we want shares of Peloton? See, here's what I think happens [with unicorns]. First we think Uber is a platform, then it turns out to be a cab company. Then we think that [WeWork CEO Adam] Neumann is about the new way to have real estate. Then we think it's just a realtor. Now Peloton, they're saying it is an eight ways platform. Can I tell you what Peloton is? It is a way to hang your towels up." Peloton is expected to go public later this month. Uber in May debuted below its IPO price and ended up with a valuation below $80 billion 2:32 02:32 SoftBank's Masa Son wants WeWork's CEO out—Four experts on the company's future WeWork has had its own slew of headlines, following a tumultuous week in which WeWork postponed its IPO roadshow and The Wall Street Journal repo
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