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Whether OYO would have done well, absent Covid-19, is a debatable point, but in general companies who were expanding rapidly with a lot of borrowing, right befo
by raesene9 7y ago
Whether OYO would have done well, absent Covid-19, is a debatable point, but in general companies who were expanding rapidly with a lot of borrowing, right before a recession starts, do not do well.
Things like OYO and WeWork seem like they'll be particularly badly affected by this downturn as they've got a lot of fixed costs (leases or property owned) and their main markets will be heavily impacted.
- rightbyte 7y agoOh ye forgot about WeWork. I guess JIT office space is not a very good business when people are supposed to work from home?
- chewz 7y agohttps://news.ycombinator.com/item?id=22802790 https://news.ycombinator.com/item?id=22802790 https://news.ycombinator.com/item?id=22820255 https://news.ycombinator.com/item?id=22820255