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  "authorName": "White Diamond Research",
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  "presentationDate": "2024-11-07 00:00:00",
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  "notes": "Uses WeWork as a precedent to explain the distinction between business operations and shareholder equity value in bankruptcy scenarios.",
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      "text": "Similarly, Triller will likely still operate, in some capacity, after its shareholders are wiped out.",
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      "text": "Companies, especially growth tech companies with a lot of debt, can change valuation quickly and dramatically. WeWork (WEWKQ), for example, had a peak valuation of $47B in 2019. Today, it’s worth about $3M. But that doesn’t mean that it isn’t still a good business, it’s still operating while it’s going through bankruptcy. It’s just that the shareholders are wiped out. Similarly, Triller will likely still operate, in some capacity, after its shareholders are wiped out.",
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