WeWork Gets a Visit from Financial Reality

Post by whitepoplar » Wed, Jan 09, 2019, 1:14 AM UTC

linkmotif wrote: post #148

I really wanted WeWork to work for me. But it did not. During my time there, it became apparent that their entire focus was on growth. WeWork was never interested in catering to their core market: people who want to work. They failed to create a productive work environment. They alienated people like me, who were willing to pay top dollar for a decent place to work. Instead they created distraction-filled, tacky plac…

Post by bobthepanda » Wed, Jan 09, 2019, 1:15 AM UTC

setr wrote: post #288

komali2 wrote: post #221

Earlier quoted context omitted.

There's some systematic issue with naming that has existed at Nintendo since the 90s. Thinking: Nintendo entertainment system and super Nintendo entertainment system. Not necessarily bad, but also kinda "meh." Probably the best 90s explanation for what a "console" is, before everyone already knows what a console is. I bring it up because here begins Nintendo's critical error: failing to understand the customer in Ame…

re: NES That was a console released following the video game industry crash of 1983 — a crash associated with total pessimism of games everywhere (at least in the US, but that was the most important console market) It’s likely they were very deliberately trying avoid direct association with the game industry. Afaik, they’ve always intended their consoles be percieved as more toy-like, but the nes was a particilarly h…

Post by walamaking » Wed, Jan 09, 2019, 1:27 AM UTC

whalesalad wrote: post #83

sachinprism wrote: post #9

I feel like WeWork would be one of the first companies to go under in case a recession hits the US market. Everyone who works there is probably going to decide en masse that they can do the same things from home or a Starbucks

We (2 of us, expected to grow to 4 quickly) toured WeWork, Spaces (Regus) and a few other one-off spots here in Orange County. Everyone was pretty pricey, like 2500/mo for 100 square feet. WeWork was definitely the worst and was the most overcrowded... but hey they have beer on tap! (sarcasm) Ultimately we grabbed a lease on Pacific Coast Highway with a sweeping view of the ocean for less with about 3x the room in a…

Post by jzl » Wed, Jan 09, 2019, 1:48 AM UTC

bartread wrote: post #206

kgwgk wrote: post #93

https://www.bloomberg.com/opinion/articles/2019-01-08/wework... "In addition to the corporate finance weirdness: “Going forward, the company will no longer be called WeWork but rather The We Company.” (“The switch is not a legal name change,” okay.) And: “Rather than just renting desks, the company aims to encompass all aspects of people’s lives, in both physical and digital worlds,” which is—and I have spent years w…

"The We Company": somebody didn't check what that sounds like when spoken in British English. Wait, what? A company that manufactures and or sells wee?!?? (Pee, to our American friends.) It's not as extreme as powergenitalia or expertsexchange but still something of a facepalm.

Post by kochikame » Wed, Jan 09, 2019, 1:53 AM UTC

buboard wrote: post #298

kgwgk wrote: post #93

https://www.bloomberg.com/opinion/articles/2019-01-08/wework... "In addition to the corporate finance weirdness: “Going forward, the company will no longer be called WeWork but rather The We Company.” (“The switch is not a legal name change,” okay.) And: “Rather than just renting desks, the company aims to encompass all aspects of people’s lives, in both physical and digital worlds,” which is—and I have spent years w…

Living-as-a-service may actually be a valuable proposition in a root-less world. If this proves successful , and it spurs competition, soon we 'll end up with competing private cities.