31–40 of 139 posts
Earlier quoted context omitted.
Don't understand your linkage to tech stocks… WeWork are a property company
I think their comment is a little apocalyptic but I can say that wework going under could possibly trigger a large number of mid-small-size startups losing their spaces and possibly ending up out of business.
Does anyone here on HN use WeWork spaces and enjoy them? I'm not suggesting they are bad, I honestly don't know. Ignoring the business model, the CEO, the failed IPO, do YOU or do you not enjoy that actual offering of WeWork?
Turns out most of us enjoy any exchange in which we receive goods whose value far exceeds what we pay for them. Same reason I love cheap ride share trips[1] and NYC ferry rides[2]. I'd probably really enjoy winning the mega millions jackpot with a $5 ticket too (though perhaps not? [3]). [1] https://www.vice.com/en_us/article/zmjew8/were-all-killing-u... [2] https://ny.curbed.com/2019/3/28/18285731/nyc-ferry-swimming…
Does anyone here on HN use WeWork spaces and enjoy them? I'm not suggesting they are bad, I honestly don't know. Ignoring the business model, the CEO, the failed IPO, do YOU or do you not enjoy that actual offering of WeWork?
Perhaps someone in the property business can illuminate something for me. I read somewhere that WeWork runs each site as a separate business. Can this really be true? It would seem to allow them to let each entity go bankrupt, which doesn't seem to be a sensible thing for the landlord to want to expose himself to. Sure he gets the building back, but you'd think there's then no advantage to renting it out to WeWork, s…
Perhaps someone in the property business can illuminate something for me. I read somewhere that WeWork runs each site as a separate business. Can this really be true? It would seem to allow them to let each entity go bankrupt, which doesn't seem to be a sensible thing for the landlord to want to expose himself to. Sure he gets the building back, but you'd think there's then no advantage to renting it out to WeWork, s…
I did some consulting once for a company that managed rooftop space for building operators to lease to telcos and what not and it was totally normal one company to "own" multiple buildings but for each building to be its own LLC.
I don’t understand how this company employed 1500+ programmers, PMs and data science people. What did they do? I guess not much, as 500 of them got laid off recently.
“ Goldman Sachs, one of WeWork’s investors, advisers and customers, had been among a consortium of banks willing to lend $6bn had the IPO succeeded but has so far sat out the new financing discussions out of concern about the level of uncertainty surrounding the company, one person said.”
Earlier quoted context omitted.
Turns out most of us enjoy any exchange in which we receive goods whose value far exceeds what we pay for them. Same reason I love cheap ride share trips[1] and NYC ferry rides[2]. I'd probably really enjoy winning the mega millions jackpot with a $5 ticket too (though perhaps not? [3]). [1] https://www.vice.com/en_us/article/zmjew8/were-all-killing-u... [2] https://ny.curbed.com/2019/3/28/18285731/nyc-ferry-swimming…
Side note, I miss the East River ferry. It made my commute 100x more enjoyable than the subway (except when the ferries would leave my dock early and then yell at me for it).
Does anyone here on HN use WeWork spaces and enjoy them? I'm not suggesting they are bad, I honestly don't know. Ignoring the business model, the CEO, the failed IPO, do YOU or do you not enjoy that actual offering of WeWork?
Earlier quoted context omitted.
I did some consulting once for a company that managed rooftop space for building operators to lease to telcos and what not and it was totally normal one company to "own" multiple buildings but for each building to be its own LLC.
This seems to be a common practice. My parents live in a highrise that has construction defects and it took years to extract money to repair the building because the LLC that sold the building to the condo association had no cash or assets anymore.