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$20 billion for a co-working business with 234 locations (works out to about $85 million per location)... I know they own some real estate and stuff, but man, t
by bjornsing 9y ago
$20 billion for a co-working business with 234 locations (works out to about $85 million per location)... I know they own some real estate and stuff, but man, that's a serious valuation (for something that can be copied in a heartbeat, no?)...
- soVeryTired 9y agoIt's also a substantial premium relative to their competitors. WeWork offices are admittedly a bit more fancy, but in hard times fancy temporary offices are the natural thing to cut.
- digitaltrees 9y agoThey don’t actually own any of the properties, the rent them, and sublease to wework members.
- pdq 9y agoWeWork buys Lord & Taylor’s flagship store for $850M https://www.usatoday.com/story/tech/news/2017/10/24/wework-buys-flagship-lord-taylor-store-850-million/793595001/ https://www.usatoday.com/story/tech/news/2017/10/24/wework-b...
- loceng 9y agoHow high can they stack the cards before they may tumble down..