CoreWeave $CRWV rushes to IPO after failing to meet debt covenants. Microsoft’s $12B rejection signals a massive warning for overvalued CoreWeave

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It’s almost laughable how easy it is to see through CoreWeave’s charade. Emanuel hit the nail on the head when he called it an “egregiously overvalued pig in a poke.” And he’s right. Just look at the facts. Microsoft, the company responsible for a large chunk of CoreWeave’s revenue, just passed up a $12 billion commitment to them. How many red flags do you need before you start questioning the whole thing? The comparison to WeWork is eerily accurate.