Drudge Retort: The Other Side of the News
Sunday, December 03, 2017

As a company, Meetup has long embraced its position as a small, mission-driven operation. While other social software companies from the Web 2.0 era, such as Facebook and LinkedIn, focused on keeping their users on their sites for as long as possible, Meetup's purpose was always to get people off the internet. By connecting people to one another, Meetup would entice them to get offline and go walk their pugs together, practice speaking French, or organize for Howard Dean. ... So I was surprised to learn that Meetup has just sold itself to the poster child of hyper-growth: WeWork. After raising $4.4 billion from Softbank's humongous Vision Fund, WeWork is now valued at close to $20 billion, putting it in league with Uber and Airbnb as one of the most highly valued private US tech startups.

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Drudge Retort