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Maybe they're just trying to get rid of expensive leases and debt. Then - a new chapter!
by m1117 3y ago
Maybe they're just trying to get rid of expensive leases and debt. Then - a new chapter!
- prakhar897 3y agoEither they are trapped in Sunk Cost Fallacy. Or Worse - They are keeping up the charade so current investors can dump Wework/Softbank on someone.
- willsmith72 3y agoIt doesn't really seem like a sunk cost. If you assume with the right management, a coworking space CAN be a viable business, wework as a brand is still highly valuable. Now if we assume coworking spaces are completely non-viable, then yeah close up shop. But the various successful coworking spaces around the world suggest that isn't true.