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Nothing. Regus has 2.5 million customers but WeWork has only about over a quarter of a million. I live in a public housing estate in Singapore and there's a Re

by doppp 7y ago

Nothing. Regus has 2.5 million customers but WeWork has only about over a quarter of a million. I live in a public housing estate in Singapore and there's a Regus Business Lounge in our estate's public library. We aren't even talking about the central business district, here. I think WeWork has a lot more to catch up on in terms of scale and reach. Right now they're just building up hype like a tech company but really, they're just in the property space.

kevstev 7y ago
_Nothing_ This is the key "problem." WeWork is a boring real estate business that is trying to frame itself as some massive scale startup. Add in growth fueled by a ton of VC money (not earnings), tons of leverage, not even for owned property, but leases, some questionable deals with the CEO, insane hype and trying to redefine accounting metrics, and in the end you have a "boring" business dressed up in a pretty hype coat made of red flags.