3 ms·
WeWork's business model - arbitrage between long term liabilities (lease a lot of space from a building) and short term assets (sub lease portions of that space
by game_the0ry 3y ago
WeWork's business model - arbitrage between long term liabilities (lease a lot of space from a building) and short term assets (sub lease portions of that space with short terms).
That model works poorly in good times, and never works in bad times.