Uber made the right call in that it's asset-light; they don't long-term lease medallions or have long-term contracts with landlords (any more than a similarly s

Uber made the right call in that it's asset-light; they don't long-term lease medallions or have long-term contracts with landlords (any more than a similarly sized technology company would). The We subsidiaries, on the other hand, are dreadfully asset-heavy. They can't just pack up and move out of a city that's underperforming. And as we all know, agile is as much about knowing when/how to stop doing something as it is about moving fast in doing new things. My only sadness is that this is so apparent that it will be immediately reflected in We's price, and there's likely not much opportunity to short these guys.