WeWork’s Adam Neumann Steps Down as CEO

Post by pmorici » Wed, Sep 25, 2019, 7:49 AM UTC

david-cako wrote: post #233

gwbas1c wrote: post #217

Earlier quoted context omitted.

> but I predict WeWork is still going to be around in another decade. There's clearly a ton of demand for what they provide There's also a TON of rent-a-desk places. The big questions are: - What's the benefit to a large corporation doing this instead of lots of small companies? (The economies of scale need to outweigh the large corporate overhead.) - What's WeWork's secret sauce or first mover advantage?

Another value of their large network, WeWork has relationships with large companies (like Amazon) to manage satellite offices across the country. Some of those are just a corner of a WeWork carved out, and some of those are entire floors of office buildings that WeWork handles administrative, custodial, and break room for. I don’t know how much that impacts their profitability or value as a company, but it feels like…

Post by jen20 » Wed, Sep 25, 2019, 8:01 AM UTC

goatinaboat wrote: post #492

jen20 wrote: post #272

Earlier quoted context omitted.

The advantage to me with Spaces (which I believe is owned by Regus) is that I can do guest co-working in any city they happen to be present - and since I travel extensively, the bigger the network the better, as far as I'm concerned. Sadly WeWork do not appear to offer this option (or didn't last time I looked).

Every business-traveller orientated hotel like Marriott or Hilton has a “business centre” in which you can rent anything from a small meeting room by the hour to a space for a 500-person conference for a few days, all fully serviced and catered by the hotel too.

Post by jen20 » Wed, Sep 25, 2019, 8:02 AM UTC

zilchers wrote: post #418

tcc8 wrote: post #381

Earlier quoted context omitted.

i think you are looking for wework global access https://www.wework.com/workspace/on-demand/global-access

I wanted to sign up for this as an individual, but you need to be at least a 10 person company, so I couldn’t. No idea why they’d have that restriction

Post by shitpostbot » Wed, Sep 25, 2019, 8:23 AM UTC

ineedasername wrote: post #323

braythwayt wrote: post #142

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You are presuming that SOftBank believed in the fundamentals, and not in the proposition that if you carefully stage a series of cash injections at increasing valuations, the charismatic founder's PR halo will impart a shine onto the company's shares.

In which case, the major failing of We was that it did not go public fast enough. I wonder if we'll see this translate into time pressure for future startups to go public a little earlier before the bloom is off the rose.

Post by jayko » Wed, Sep 25, 2019, 9:00 AM UTC

JBSay wrote: post #485

munificent wrote: post #240

Earlier quoted context omitted.

> What's the upside of having a giant corporation owning all coworking spaces, versus having many small and independent small businesses running and operating independent coworking spaces? Advantage to customers? Likely minimal. Advantage to the company itself: economies of scale and, likely more importantly, lack of competition allowing them to increase prices. The very clear trend across all sectors is that compani…

Clearly false as there is no regulation to prevent the formation of very large companies (anti-trust laws don't apply). In fact companies tend toward giant behemoths in part BECAUSE of government regulation. Small companies can't afford the enormous fixed cost of compliance the way large ones can. Regulations are a huge incentive for market consolidation and large corporations love writing new barriers to entry regul…