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Sure. But WeWork isn't making any money as a middleman. And their debt is already down to junk.
by cjensen 8y ago
Sure. But WeWork isn't making any money as a middleman. And their debt is already down to junk.
- wyattpeak 8y agoOh shit, you're right. My mistake, I just assumed they were profitable given the seemingly solid revenue model and fairly high rents.
- btown 8y ago> their debt is already down to junk For those unaware, this is not a metaphor. https://www.wsj.com/articles/weworks-debt-receives-junk-rating-1524604393 https://www.wsj.com/articles/weworks-debt-receives-junk-rati... https://www.bloomberg.com/gadfly/articles/2018-04-25/wework-s-junk-bond-adventure-raises-18-billion-question https://www.bloomberg.com/gadfly/articles/2018-04-25/wework-...
- walterbell 8y agoWhat would happen to the CRE market if WeWork goes under?