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https://www.profgalloway.com/wewtf-part-deux/ https://www.profgalloway.com/wewtf-part-deux/ This was in 2019 and I can only assume everything has gotten even ha
by Mistletoe 3y ago
https://www.profgalloway.com/wewtf-part-deux/ https://www.profgalloway.com/wewtf-part-deux/ This was in 2019 and I can only assume everything has gotten even harder with free money gone and interest rates at 5%.
- willsmith72 3y agowell i read the whole thing, and it provided 0 facts about the actual economics of a coworking space. It was just an indictment of bad and dodgy leadership.
- Mistletoe 3y ago>We has consistently been so far off on any forecasts in their original pitch deck that it appears numbers are more of a nuisance than reporting metrics. Their forecasted profits: $14 million for 2014, $64 million for 2015, $237 million for 2016, $542 million for 2017, and (wait for it) $1 billion for 2018. >Except in 2018 the firm lost $1.6 billion, which is likely understated. These are the financial facts from the article. Tell us the math of your 2023 WeWork and compare to how much their lease must be, etc. These seem to be the latest numbers: https://www.statista.com/chart/19025/wework-revenue-and-loss/ https://www.statista.com/chart/19025/wework-revenue-and-loss... 3.3B revenue 5.3B expenses That's a big problem.