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It's simpler than that! They just need to charge more than they spend. The fundamental economics of WeWork never worked because they were a con by its founder,
by bluepizza 3y ago
It's simpler than that! They just need to charge more than they spend. The fundamental economics of WeWork never worked because they were a con by its founder, who used WeWork to buy buildings in his name and rent them back to WeWork, amongst other financially boneheaded decisions. WeWork was never meant to be a successful business, it was meant to enrich the founder.
Post founder, WeWork was finding itself as a scalable office provider, where companies were willing to pay a premium for a flexible contract, and add or remove seats as needed. It was an interesting idea, and there were signs of growth. Then COVID happened. I'm surprised they are even still operating.