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> The losses for each WeWork member — about $5,200 per customer — are about 28 times what Uber loses per active rider. Why do so many articles compare WeWork a
by timoth3y 7y ago
> The losses for each WeWork member — about $5,200 per customer — are about 28 times what Uber loses per active rider.
Why do so many articles compare WeWork and Uber per-customer losses? It's absurd on the face of it.
Per customer profit/loss comparisons only make sense when per-customer revenues (or at least lifetime value) are similar. A WeWork customer might be renting a small office for a year and worth >$25,000 in annual revenue. An uber customer might be worth maybe 1% that.
It would be better to compare WeWork per-customer revenues to companies like Regus or ServeCorp with whom they are actually competing.