I do not seen anything special about this company. It buys up real estate converts them to co-working spaces then leases the spaces. There is no natural monopoly as one sees with the internet giants. The business is easily replicable. The company has been experienced massive losses building up its real estate portfolio.
1 posted on
09/23/2019 12:03:30 PM PDT by
C19fan
To: C19fan
But they have a catchy name!
2 posted on
09/23/2019 12:06:27 PM PDT by
Lockbox
To: C19fan
You can get rid of him but that’s not going to change the business model.
3 posted on
09/23/2019 12:08:58 PM PDT by
Renkluaf
To: C19fan
I do not seen anything special about this company. It buys up real estate converts them to co-working spaces then leases the spacesSaw an interesting interview with Sam Zell. He said every company that tried this model since '56 has gone bankrupt.
To: C19fan
The CEO makes Musk look like a Choir Boy.
5 posted on
09/23/2019 12:41:20 PM PDT by
ImJustAnotherOkie
(All I know is The I read in the papers.)
To: C19fan
Wework....from home soon...
6 posted on
09/23/2019 1:48:38 PM PDT by
GraceG
("If I post an AWESOME MEME, STEAL IT! JUST RE-POST IT IN TWO PLACES PLEASE")
To: C19fan
WeWorks told people they were worth 90B. When the appraiser looked at things the number was closer to 40B. That's where the stink comes in.
I'm doing a project for WeWork in San Mateo. The Super just quit and I haven't met his replacement. Should be exciting.
8 posted on
09/23/2019 3:31:29 PM PDT by
glaseatr
(Father of a Marine, Uncle of SGT Adam Estep. A Co. 2/5 Cav. KIA Thurs April 29, 2004 Baghdad Iraq)
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