WeWork’s Adam Neumann Steps Down as CEO

Post by tcc8 » Tue, Sep 24, 2019, 10:44 PM UTC

jen20 wrote: post #272

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…

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).

Post by empath75 » Tue, Sep 24, 2019, 10:48 PM UTC

ngngngng wrote: post #277

syedkarim wrote: post #263

Earlier quoted context omitted.

What originally led you to believe that an economics degree would result in well-paying jobs?

Seems ironic to me that the study of wealth production, consumption, and transfer wouldn't lead to making money.

Post by rurp » Tue, Sep 24, 2019, 10:52 PM UTC

scott_s wrote: post #289

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?

In addition to the advantages others listed, I think a big advantage of a large corporation is risk management. If you're a "small" company managing a handful of buildings, and something catastrophic happens to one of those buildings, that could threaten the company's existence. More so if those handful of buildings are in the same city, and all suffer from the same event (flood, hurricane, earthquake, etc.). A large…

Post by nickfromseattle » Tue, Sep 24, 2019, 10:54 PM UTC

88840-8855 wrote: post #253

ngngngng wrote: post #17

I'm so glad I read hacker news. I almost took a job at WeWork just 2 months ago with a recruiter working very hard to convince me I'd be rich when they IPO. Now I'm at a much smaller startup called Weave which is a really phenomenal place to work. I didn't discover until recently that it's also a YCombinator company. edit: to clarify, hacker news has been extremely skeptical of WeWork for some time, due to this, I wa…

I must say, I am jealous. It seems a bit unfair to me how computer engineers are getting hired and paid so well, while my economics degree is useless and I have to fight like crazy to get a job that pays WAY less than engineers get. Honestly, I studied economics because I wanted a job that pays well - that was one of the key criteria - and now I am standing with little money and a job I hate. It sucks.

Post by JohnFen » Tue, Sep 24, 2019, 11:09 PM UTC

fiala__ wrote: post #297

lpellis wrote: post #286

Earlier quoted context omitted.

Hackernews is skeptical of many things though, sometimes hard to filter through the noise.

I find in tech, being skeptical by default is usually a good thing - perhaps not if you're an entrepreneur, but certainly if you're a developer or engineer.