4 ms·
> If WeWork goes out of business and closes down, many people will lose their jobs and many people will lose the place where they work. Why? Assets don't usual
by rlpb 3y ago
> If WeWork goes out of business and closes down, many people will lose their jobs and many people will lose the place where they work.
Why? Assets don't usually just vanish; they merely change hands. The spaces will physically be there. If an individual space is viable and has existing customers then the creditors will sell it to someone who will likely continue to run it. If it is not viable then it will go, but then it's hard to argue it had value.
- paulcole 3y ago[flagged]