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cause of final death: killed "from Covid", not "with Covid". I just want back the economy that could keep WeWork afloat.

hodgesrm 3y ago
That would include low interest rates that made funding WeWork plausible/possible. That's probably not coming back for a while.
tharkun__ 3y ago
You want mandatory return to office? Really?
- mkwarman 3y ago
  I think it's likely they were literally referring to the economy rather than return to office, considering WeWork stands only to lose when employees work from their employer's office
  - fsckboy 3y ago
    yes, I was, motivated by my extensive studies in the dismal science and finance, and my stock portfolio :)
    - tharkun__ 3y ago
      The commercial real estate portion of my portfolio agrees with you. The person that loves not having to go to an office does not ;)
  - cowsandmilk 3y ago
    In their 2019 S-1, WeWork stated 40% of their memberships were from companies with over 500 employees. For many companies, moving to remote did mean terminating WeWork memberships.
    - tharkun__ 3y ago
      This is why I commented the way I did but I guess your parent found it down-vote-worthy. One of my recent companies was one of those. A bit smaller but their entire office footprint was at WeWork offices in various places. Zero remote before Covid. Had to be in a WeWork office where they had a presence. Not even just "a" WeWork.
      - mkwarman 3y ago
        > I guess your parent found it down-vote-worthy. I didn't downvote you. I don't even have the ability to downvote on HN yet. I just interpreted the parent comment differently and thought the different perspective could help provide context. Especially since I was similarly surprised at the idea that someone would prefer mandatory return to office
    - mkwarman 3y ago
      Interesting! Thanks for educating me. I always assumed significantly more of their business was remote folks that didn't want to work from their actual home.
- fsckboy 3y ago
  >You want mandatory return to office? Really? I have absolutely no reason to leave my house, and my intellectual tendencies keep me occupied without any other people around. Personally? I would welcome a staffed office to go to. I go to coffeeshops (with the other regulars) and it's nice but it's not the same
sweezyjeezy 3y ago
Wework started spiralling in 2019, it was never going to stay afloat.

hodgesrm 3y ago

That would include low interest rates that made funding WeWork plausible/possible. That's probably not coming back for a while.

tharkun__ 3y ago

You want mandatory return to office? Really?

mkwarman 3y ago
I think it's likely they were literally referring to the economy rather than return to office, considering WeWork stands only to lose when employees work from their employer's office
- fsckboy 3y ago
  yes, I was, motivated by my extensive studies in the dismal science and finance, and my stock portfolio :)
  - tharkun__ 3y ago
    The commercial real estate portion of my portfolio agrees with you. The person that loves not having to go to an office does not ;)
- cowsandmilk 3y ago
  In their 2019 S-1, WeWork stated 40% of their memberships were from companies with over 500 employees. For many companies, moving to remote did mean terminating WeWork memberships.
  - tharkun__ 3y ago
    This is why I commented the way I did but I guess your parent found it down-vote-worthy. One of my recent companies was one of those. A bit smaller but their entire office footprint was at WeWork offices in various places. Zero remote before Covid. Had to be in a WeWork office where they had a presence. Not even just "a" WeWork.
    - mkwarman 3y ago
      > I guess your parent found it down-vote-worthy. I didn't downvote you. I don't even have the ability to downvote on HN yet. I just interpreted the parent comment differently and thought the different perspective could help provide context. Especially since I was similarly surprised at the idea that someone would prefer mandatory return to office
  - mkwarman 3y ago
    Interesting! Thanks for educating me. I always assumed significantly more of their business was remote folks that didn't want to work from their actual home.
fsckboy 3y ago
>You want mandatory return to office? Really? I have absolutely no reason to leave my house, and my intellectual tendencies keep me occupied without any other people around. Personally? I would welcome a staffed office to go to. I go to coffeeshops (with the other regulars) and it's nice but it's not the same

sweezyjeezy 3y ago

Wework started spiralling in 2019, it was never going to stay afloat.