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The Spectacular Rise and Fall of WeWork
- at-fates-hands 7y agoI honestly hadn't been tracking WeWork until recently. I know here in Minneapolis we've had some pretty decent "co-working" spaces before WeWork, so I just assumed they were using the same real estate subletting system these other companies were. Then I started seeing the stories and right away a ton of red flags started going up. It struck me that Adam Neumann was a fraud in the same vein as Elizabeth Holmes and Theranos. Then I read Matt Stoller's post regarding "Counterfeit Capitalism" and everything made a lot more sense and it was clearly a lot worse than I initially thought: https://mattstoller.substack.com/p/wework-and-counterfeit-capitalism https://mattstoller.substack.com/p/wework-and-counterfeit-ca...