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No not really. Again, they lose billions right now because it costs a lot to build out new buildings. Then as a building matures they recoup these costs through
by tempsy 7y ago
No not really. Again, they lose billions right now because it costs a lot to build out new buildings. Then as a building matures they recoup these costs through the memberships. The more mature offices are profitable. It just isn’t necessarily tech/VC level profits.
- throwaway2048 7y agoThey aren't building out anything, they lease existing office space.