4 ms·
Yes, it looks like an attempt at predatory pricing. It didn't succeed though. I have no specific knowledge of US antitrust, but usually for predatory behavior t
by wjnc 7y ago
Yes, it looks like an attempt at predatory pricing. It didn't succeed though. I have no specific knowledge of US antitrust, but usually for predatory behavior to 'stick' you need to have market power to begin with. WeWork didn't have any and wasn't really near the point of having any when they went bust (40% market share is a commonly heard number).
Another plus for current capitalism and regulation is that the fillings the SEC demands really brought home what was wrong with WeWork. So in that sense investor protections in the current rules really did help. Mainly (professional) suckers lost their money.