3 ms·

So not really any "cheating", right?

• JumpCrisscross 7y ago
  > So not really any "cheating", right? No evidence of fraud, no. But cheating is not necessarily fraud because not all rules are codified as law. There is cleverly devious cheating, like a lot of what Gates and Jobs did in the 80s. That's cheating, but it's clever and it's cute so we think of it positively. Then there's cheating as in pretending to defy the laws of economics, which is what WeWork did. They were trying to scale out of a business that loses money on the marginal dollar. Nothing illegal about that. But together with Masa Son's spigot of Saudi cash and Neumann's rampant self dealing, I'd go ahead and qualify it as cheating.
  • pbreit 7y ago
    Wut? WeWork's revenues already cover its rent costs even at just 70% occupancy. I still don't see this "cheating" you speak of.