3 ms·
Don't understand your linkage to tech stocks… WeWork are a property company
by youngtaff 7y ago
Don't understand your linkage to tech stocks…
WeWork are a property company
- AgloeDreams 7y agoI think their comment is a little apocalyptic but I can say that wework going under could possibly trigger a large number of mid-small-size startups losing their spaces and possibly ending up out of business.
- whatok 7y agoStartups aren't going out of business because they don't have a place to work from. They'll go out of business when funding dries up because valuations are in question now.
- jborichevskiy 7y agoSurely most of these startups could just move to competitors or go remote for a few weeks/months? Part of the advantage of being a mid-small startup is the mobility and flexibility.
- bpt3 7y agoThose companies will have their employees work from home, go to a WeWork competitor, or set up a permanent office. One of the many wonderful benefits of using WeWork is that it's very easy to stop using their service.
- xwdv 7y agoThe theory is that WeWork is a canary. It’s a shit company propped up by dumb investor cash. If it collapses and runs out of money, it could be a sign that investment in tech in general is drying up, probably because money isn’t flowing as easily as it once did and less startups are raising the cash to rent expensive WeWork office space, basically some things are happening and it’s better not to be heavily invested in case of sudden moves. It has nothing to do with startups losing office space.