3 ms·
These days short term rental desks are a much smaller part of WeWork's business. Between enterprise business (about 1/3 of the Fortune 500 lease entire floors o
by dsl 7y ago
These days short term rental desks are a much smaller part of WeWork's business. Between enterprise business (about 1/3 of the Fortune 500 lease entire floors or buildings from WeWork) and SMBs on yearly contracts, they will be fine. If everyone just stops paying rent to landlords, WeWork can do that too. The ones left holding the bag are the property owners - so being on long term leases is probably the best position for them.
After the IPO fiasco they did a pretty good job of bringing in actual adults to run the business.