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A lot of the cheerleading for WeWork was driven by distaste for Regus and the stodgy incumbents, very similar to the Uber/Airbnb hype re: taxis and hotels. Ever
by rchaud 3y ago
A lot of the cheerleading for WeWork was driven by distaste for Regus and the stodgy incumbents, very similar to the Uber/Airbnb hype re: taxis and hotels. Everyone thought the low prices and good service would last forever, even as their strategy was clearly to monopolize control of premium commercial real estate.
Now these companies have gone public, raised prices massively, we're right back to square one.