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None of what you said challenges the idea that it's a fraud, rather just paints a picture of what's considered to be fraud in this case being widespread.
by guerrilla 7y ago
None of what you said challenges the idea that it's a fraud, rather just paints a picture of what's considered to be fraud in this case being widespread.
- neaden 7y agoFraud involves deception, what is wework lying to people about?
- api 7y agoThat's what gets me about it. They don't seem to be lying. I've always thought WeWork was more some kind of odd way for VCs to get exposure to Real Estate and have it look like a tech investment.
- guerrilla 7y agoWhat I said is accurate. See the rest of the thread for arguments that they're a fraud and what is meant by the term in this case.
- JumpCrisscross 7y ago> None of what you said challenges the idea that it's a fraud I’m not saying WeWork isn’t a fraud. I’m saying we have no evidence it is one. People can reasonably disagree about whether a business model is sustainable. A bunch of people have bet one way. A bunch will bet the other. I don’t like WeWork, but I don’t like this idea that if outsiders disagree with the sustainability of a business model the government should shut it down. If WeWork can realise cross-selling opportunities or unique leverage, through scale, over its lessors, it could work. It’s one thing to say something is stupid. It’s another to shut down the debate.