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What number of red flags is going to be enough for the tech/business press to start asking questions about how WeWork is being run? From the outside it looks l
by luckydata 7y ago
What number of red flags is going to be enough for the tech/business press to start asking questions about how WeWork is being run?
From the outside it looks like another Theranos waiting to happen.
- Traster 7y agoIt doesn't look to me like a Theranos. Theranos lied, WeWork doesn't seem to be lying - they're completely open about their business model and financials. Its just people don't seem to be valuing it correctly.
- Invictus0 7y agoNot disagreeing, but don't forget about community adjusted ebitda.
- barce 7y agoYou rent a desk, and they get the money. I can assure you, the desks and the wifi included are real.
- baby 7y agoAre people spreading such FUD shorting Wework? They are selling a very real service and people seem to pay a lot of money for it. How is this not a good business?
- Deimorz 7y agoBeing a good business tends to involve making money. WeWork lost $1.9 billion in 2018, and expects to lose even more this year. https://www.axios.com/wework-doubled-revenue-loss-2018-eec75ff5-6466-4f20-9436-2f9a983db21b.html https://www.axios.com/wework-doubled-revenue-loss-2018-eec75...