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An HN submission 4 months ago¹ reported that WeWork forms a separate subsidiary for each lease agreement. So at least when they're not the owner, they've conven
by BrandonM 7y ago
An HN submission 4 months ago¹ reported that WeWork forms a separate subsidiary for each lease agreement. So at least when they're not the owner, they've conveniently arranged to not be on the hook if a particular location or region doesn't work out.
¹ https://news.ycombinator.com/item?id=18714962 https://news.ycombinator.com/item?id=18714962
- mr_custard 7y agoAlso this: https://wolfstreet.com/2019/03/25/how-can-a-company-with-1-8-billion-in-revenue-lose-1-9-billion-wework-shows-how/ https://wolfstreet.com/2019/03/25/how-can-a-company-with-1-8...