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"WeWork was a going concern with 600,000 customers more or less happy with their service." This may have been true in December 2019, but with a global patchwor
by Mtinie 7y ago
"WeWork was a going concern with 600,000 customers more or less happy with their service."
This may have been true in December 2019, but with a global patchwork "stay at home" regulations in place, I suspect co-work spaces (especially of the open floor plan variety) are devoid of paying customers. That presumes they're even allowed to be open right now.
I don't remember offhand what the average WeWork customer generates in revenue or if the bulk of those customers are month-to-month vs. mid- to long-term contracts. If the former I don't see why those customers would continue to pay for space and services they don't have the ability to use.