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> speeds up preparations for its hotly anticipated initial public offering in the face of tepid interest from investors. God, tell me the editor was asleep. Tell me how it can both be “hotly anticipated” yet with “tepid interest.” Brain hurts.
> speeds up preparations for its hotly anticipated initial public offering in the face of tepid interest from investors. God, tell me the editor was asleep. Tell me how it can both be “hotly anticipated” yet with “tepid interest.” Brain hurts.
I can guess (however unlikely it may be) how Uber might some day make money through its monopoly power or use of autonomous cars and justify its valuation. I just can't imagine how WeWork could continue growing and turn a profit if it can't do it in this booming economy. The freelancers and small businesses that use it are likely the first to end their memberships and work from home or coffee shops.
Might be that the concept of huge corporate campus won’t be so popular in future and companies start looking at more flexible solutions.
"Sweeping changes" is mentioned in the first line of the article but nowhere else. What exactly are they planning to change?
Sentences like these make skimming pretty hard. It made me re-read the entire article because I was confused about the who is the author.
I can guess (however unlikely it may be) how Uber might some day make money through its monopoly power or use of autonomous cars and justify its valuation. I just can't imagine how WeWork could continue growing and turn a profit if it can't do it in this booming economy. The freelancers and small businesses that use it are likely the first to end their memberships and work from home or coffee shops.
If they wanted to, they could slow down on new purchases/rentals/construction and likely become profitable without too much trouble. But that would of course be at the expense of growth.
Not saying they're a great company or that they deserve a crazy high valuation, but suggesting that they're unprofitable because they have a bad business model is missing the whole picture.
Congratulations WeWork! Remember: Haters gonna hate.
I can guess (however unlikely it may be) how Uber might some day make money through its monopoly power or use of autonomous cars and justify its valuation. I just can't imagine how WeWork could continue growing and turn a profit if it can't do it in this booming economy. The freelancers and small businesses that use it are likely the first to end their memberships and work from home or coffee shops.
From what I've read, the WeWork locations in their mature markets are profitable, but they've been investing heavily in new/immature markets. Despite We's bizarre straddle between being a real estate company and trying to be a tech company, it's a fairly standard growth play: burn money now in order to gain more market share over time. If they wanted to, they could slow down on new purchases/rentals/construction and…
If they are going to have to shut down all these sites the second the market slows down (or indeed as soon as the obligations are due), perhaps one might argue it was imprudent to open them to begin with.
Any marketing benefit gained by being "everywhere" is surely undone when they have to publicly shutter a large portion of their locations.