This model is probably workable, but more under a airbnb type model where other people hold the liabilities and rent over a platform. The parent (ie wework) wou

This model is probably workable, but more under a airbnb type model where other people hold the liabilities and rent over a platform. The parent (ie wework) would take a cut, and companies could lease excess space over the platform. Instead wework holds the liabilities, which they got at high values, and now can not rent them. There was a long bull run, and money was flowing at many types of different projects - many which have or will end up failing. It is the same cycle as in the past which really shows itself after a few years of the run where suddenly it seems bear markets can't happen again, dumb ideas are making money and if you are not in you are loosing out. Covid led to work from home, which really killed wework's concept, but if it wasn't covid it would have eventually run out because it didn't make any money.