4 ms·
This whole thing frustrates me so much. It's like people are just spouting off random opinions not substantiated by any data or real-world experience...at all.
by eldavido 7y ago
This whole thing frustrates me so much. It's like people are just spouting off random opinions not substantiated by any data or real-world experience...at all.
I just looked it up. WeWork has 848 locations globally. These locations aren't in houses...they're in gargantuan, tall office buildings, worth tens/hundreds of millions of dollars each. If Adam Neumann is a billionaire, AND if he has most of his wealth in commercial real estate (I'm sure he doesn't), he might own...5-10 of these. The rest are owned by REITs like Simon Property Group, Thor Equities, CB Richard Ellis (CBRE), Jones Lang LaSalle (JLL), and others.
- deleted 7y ago[deleted]
- smcl 7y agoI think you’re missing the point. There was a huge controversy a while back where it appeared as though Adam Neumann was fleecing the company - personally trademarking the “We” brand and selling it back to the company, buying up certain office space and leasing it back to WeWork.