4 ms·
I'm with you—I love the product. I used to work at Microsoft and loved the ability to fly to different cities and have a great workspace where everything "just
by breck 3y ago
I'm with you—I love the product.
I used to work at Microsoft and loved the ability to fly to different cities and have a great workspace where everything "just works" and stimulating conversations with new people in the field. A valuable "invisible" tool of thought if you do R&D. I didn't think this could be possible if you didn't work at a bigco, but then along came WeWork.
I don't have access to their internal data so don't understand their complete model, but it seems to me they have significant value and could definitely comeback.
I bought FitBit heavy, dollar cost averaging in and at one point paid around $40 a share, and ended up losing a decent amount (I think my average price was $10 and GOOG bought it at $7), but here I am years later still wearing a FitBit and it's great. I hope the same happens with WeWork, that they survive this dip and figure out the economics (maybe getting acquired). Come to think of it, could be a good buy for GOOG–they could pitch Google Cloud heavy to all WeWork users.
Disclosure: I don't own any WeWork.