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WeWork are quite expensive - enough that startups will get their own offices when they reach some stability. So I’m left wondering, WeWork charge a lot and in t
by jarym 7y ago
WeWork are quite expensive - enough that startups will get their own offices when they reach some stability. So I’m left wondering, WeWork charge a lot and in turn they pay a huge premium for their building leases. How are they NOT making money?
- addicted 7y agoBecause they are expanding. They claim their mature locations are making money, which makes sense.
- nprateem 7y agoThey're a bad investment because they're riddled with debt. They've taken out long-term leases on properties that they're liable for. In a downturn their customers will probably vanish leaving them with their liabilities. Plus, they don't really have a moat. So all in all, it seems like the founder is doing anything possible to cash out before the house of cards comes crashing down.