The difference is the industry, and that counts. Wework was silly because real estate is not software. The profits needed to eventually justify all that "burn

The difference is the industry, and that counts. Wework was silly because real estate is not software. The profits needed to eventually justify all that "burn-to-grow" money was never possible regardless of scale. It's not an AdWords Vs Yahoo ads situation. The market leader isn't taking all the profits. Banking isn't software either, but banking is banking... It's where the money is, lol. Seriously, financial services is rich, rich pickings... Insurance, lending, business accounts, transfers.... A bank with low operating costs and millions of employees is worth a lot. If it was a truly American company, I suspect the market cap would be way higher... UK investors are more cautious, and the company is a little dicey