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> WeWork pays 100 units for commercial real-estate and flips it for 90 units Not from what I can see ... they charge their clients enough to cover the location
by eternalny1 7y ago
> WeWork pays 100 units for commercial real-estate and flips it for 90 units
Not from what I can see ... they charge their clients enough to cover the location. Individual locations are (barely) profitable, the losses are coming from massive expansion and leasing new places.
Maybe I'm wrong on that. Either way this seems like an epic fail, but they are not "paying for 100 flipping for 90".