WeWork's parent company is reportedly looking to slash its valuation drastically amid weak demand for its upcoming IPO. Yahoo Finance's Akiko Fujita, Dan Howley, Ines Ferre and Heidi Chung discuss.
MY2CENTS: Five years ago I was on the brink of homelessness. After a life change triple spinal fusion I was no longer able to work. Recently divorced and unable to make a living I couldn’t scrape together $700 monthly rent. I applied for food stamps, Medicare and disability. During the 2.5 years it took my disability case to get approved I lived the saddest period of my life. I speak several languages, am fluid in two, have a bachelors degree in business and was successful until my scoliosis got really bad. I got $198 food stamps for groceries but you cannot by bathroom tissue, soap or toothpaste with that. I survived by selling most of what I owned, no cable, no tv, no internet, my church pitched in to help pay rent many times during that period but I was told to start looking to live in a shelter. That meant packing a backpack and giving away my cat, At 56 you wonder how this can happen to you. I was so ashamed and so afraid. 2.5 years later Disability was approved. I get a check for $1,045. I no longer qualify for food stamps, my rent now is $550 in a tiny mobile home. Car insurance, internet, phone, groceries, medications take the rest. A flat tire, oil change for my car or any incidental sets me back into that fear. It’s really hard. But this is America now, at least I have a roof over my head tonight, tomorrow... who knows.