WeWork to Delay IPO Amid Suspicion It Is Not Actually a Tech Company Worth $47 Billion

``WeWork has been struggling to justify its hilariously overstuffed $47 billion, which relied in large part on its claim to be a tech company despite the fact that it mostly flips long-term leases to short-term tenants, has $47.2 billion in outstanding obligations it may not be able to pay back if a recession strikes, and reportedly used the wi-fi password "P@ssw0rd" at most of its locations. In the past few years WeWork has lost over $3 billion, and according to the Journal, executives and underwriters have become "resigned" to a valuation of "something closer to between $15 billion and $20 billion or possibly lower."''