11–20 of 274 posts
It never had that much value, it just made it look like it did for long enough to get people to invest in it at vastly inflated prices. "Renting offices to work in" was never going to be a silicon valley style success, because it just can't scale that way.
I mean if it used to be a very large pile of US currency then yes, it definitely had a lot of value that was apparently destroyed.
Was anything of value lost? The idea, as I understand it, was co-working spaces. They were there to optimize that, extracting the maximum profit in the way they leased stuff. Ok, fine. Is co-working still going on? Has something desirable been lost? Were they creating any value that couldn't be recreated by someone else. I can't care one way or another about fake valuation of market cap. But I do care if work is gett…
If WeWork goes out of business and closes down, many people will lose their jobs and many people will lose the place where they work. That seems like something of value will be lost. Yes, coworking is still going on for many sole proprietors, small teams, and remote workers. Remote work does not mean work from home.
Why? Assets don't usually just vanish; they merely change hands. The spaces will physically be there. If an individual space is viable and has existing customers then the creditors will sell it to someone who will likely continue to run it. If it is not viable then it will go, but then it's hard to argue it had value.
Was anything of value lost? The idea, as I understand it, was co-working spaces. They were there to optimize that, extracting the maximum profit in the way they leased stuff. Ok, fine. Is co-working still going on? Has something desirable been lost? Were they creating any value that couldn't be recreated by someone else. I can't care one way or another about fake valuation of market cap. But I do care if work is gett…
If WeWork goes out of business and closes down, many people will lose their jobs and many people will lose the place where they work. That seems like something of value will be lost. Yes, coworking is still going on for many sole proprietors, small teams, and remote workers. Remote work does not mean work from home.
tabloid-y source: https://nypost.com/2021/07/17/the-shocking-ways-weworks-ex-c...
It never had that much value, it just made it look like it did for long enough to get people to invest in it at vastly inflated prices. "Renting offices to work in" was never going to be a silicon valley style success, because it just can't scale that way.
"Taxi services" was never going to be a silicon valley style success, because it just can't scale that way. "Food delivery services" was never going to be a silicon valley style success, because it just can't scale that way.
It never had that much value, it just made it look like it did for long enough to get people to invest in it at vastly inflated prices. "Renting offices to work in" was never going to be a silicon valley style success, because it just can't scale that way.
"Taxi services" was never going to be a silicon valley style success, because it just can't scale that way. "Food delivery services" was never going to be a silicon valley style success, because it just can't scale that way.
Was anything of value lost? The idea, as I understand it, was co-working spaces. They were there to optimize that, extracting the maximum profit in the way they leased stuff. Ok, fine. Is co-working still going on? Has something desirable been lost? Were they creating any value that couldn't be recreated by someone else. I can't care one way or another about fake valuation of market cap. But I do care if work is gett…
If WeWork goes out of business and closes down, many people will lose their jobs and many people will lose the place where they work. That seems like something of value will be lost. Yes, coworking is still going on for many sole proprietors, small teams, and remote workers. Remote work does not mean work from home.
Was anything of value lost? The idea, as I understand it, was co-working spaces. They were there to optimize that, extracting the maximum profit in the way they leased stuff. Ok, fine. Is co-working still going on? Has something desirable been lost? Were they creating any value that couldn't be recreated by someone else. I can't care one way or another about fake valuation of market cap. But I do care if work is gett…
If WeWork goes out of business and closes down, many people will lose their jobs and many people will lose the place where they work. That seems like something of value will be lost. Yes, coworking is still going on for many sole proprietors, small teams, and remote workers. Remote work does not mean work from home.
Coworking will continue even as the providers of it come and go.
It never had that much value, it just made it look like it did for long enough to get people to invest in it at vastly inflated prices. "Renting offices to work in" was never going to be a silicon valley style success, because it just can't scale that way.
"Taxi services" was never going to be a silicon valley style success, because it just can't scale that way. "Food delivery services" was never going to be a silicon valley style success, because it just can't scale that way.
Earlier quoted context omitted.
I mean if it used to be a very large pile of US currency then yes, it definitely had a lot of value that was apparently destroyed.
Losing money doesn't destroy wealth. It just transfers it from one place to another.