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With Moviepass, they had to pay money to the movie theaters every time somebody went to see a movie. This isn’t quite the situation WeWork is in. I think it’s
by paulcole 5y ago
With Moviepass, they had to pay money to the movie theaters every time somebody went to see a movie. This isn’t quite the situation WeWork is in.
I think it’s more like a movie theater or gym.
They’re already paying for this big empty building. If they can drop the price a bit and get interest, the marginal cost of one more body isn’t that high. But drop the price too much and it hurts the brand/image/value to those willing to pay full price.
- iab 5y agoFair point