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WeWTF, Part Deux

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91–100 of 126 posts

Re: WeWTF, Part Deux

#91
post #28

Earlier quoted context omitted.

Similarly, Yahoo insists on being called "Yahoo!" in their branding guidelines, but it just makes the writer look like an idiot. There's no reason you have to stick to the chosen name of a corporation if the chosen name is cutesy and dumb. :-)

That's why The Register headlines about Yahoo turned out how they did, with every single word gaining a "!". Which is now a trope in itself.

The net effect really is delightful:

https://www.theregister.co.uk/Tag/yahoo

Re: WeWTF, Part Deux

#92
post #75

Earlier quoted context omitted.

That's why The Register headlines about Yahoo turned out how they did, with every single word gaining a "!". Which is now a trope in itself.

I googled what you are talking about. Check this intercept article on Google: https://www.theregister.co.uk/2019/04/09/yahoo_data_thaft/

That's not the Intercept, nor about Google, unless I'm missing something.

Re: WeWTF, Part Deux

#93
post #71

As I was reading and reached: > To be clear, I’m not a journalist, nor a forensic accountant. Forensic accountant?? That reminds me of Snow Crash: > When she says, "Do you have any relatives in Afghanistan?" that's like a code phrase, it tells all of her spook gear to get ready, shake itself down, check itself out, prick up its electronic ears.

Forensic Accounting is A Thing:

https://www.acfe.com/career-path-forensic-accountant.aspx

Re: WeWTF, Part Deux

#94

Earlier quoted context omitted.

Imagine you are CEO of an old fashioned company where people do work and revenue > expenses. You want to buy drinks for your staff. Do you a) put your card behind a local bar at happy hour every Friday or b) in an incredibly roundabout way pay premium rent so your staff can enjoy “free” drinks in the office ? No. Outside of hipster hotspots WeWork makes no sense.

My previous employer would send an employee with a handtruck each Friday to a local liquor store to bring back beer and wine for that evening. Hard to imagine doing it more economically than that.

My claim is not that WeWork has some economic advantage in how they distribute alcohol to workers, merely that they have a product that is appealing to 20-30 year olds, and companies want to (presumably) piggy back off it to hire top young talent. It’s the entire package, things like interior decoration, tech, locations, name brand, etc.

What’s that worth is debatable but I think it’s worth more than zero.

Re: WeWTF, Part Deux

#95
If I were a We engineer, I would leave the company immediately after learning that the CEO ripped off millions of dollars from his very own company. I just can't see how that level of greed can help build a successful company.

Re: WeWTF, Part Deux

#96
post #78

I'm curious: If WeWork is found to be completely bad/rotten/fraudulent, then what happens? I'm not saying that this is the case. But I'm wondering what sort of impact that would have on thousands of businesses that rent/use their offices, as well as the many buildings that depend on WeWork paying rent to stay afloat. How much of an impact would this have on the global economy, or at least on the tech and/or real-esta…

what makes you think fraud has occurred?

The content of the article?

Re: WeWTF, Part Deux

#97
post #32

Earlier quoted context omitted.

https://en.wikipedia.org/wiki/Wii

With the Wii, though, there were two important differences: you could call it "The Nintendo Wii", and it's spelled differently than the English word.

No problem. We can call this We The We We.

Re: WeWTF, Part Deux

#98

If I were a We engineer, I would leave the company immediately after learning that the CEO ripped off millions of dollars from his very own company. I just can't see how that level of greed can help build a successful company.

Do they even need (or can obtain) any sort of top talent engineers? It just doesn't seem like there's much opportunity in the way of interesting tech problems being solved there. Nothing that bog standard middle-of-the road talent can't handle with plenty of time to also go retro with some local LAN Doom thrown in. Actually, getting the original running and wiring up the office through some old T-10 hubs (full duplex!) might be more challenging.

Re: WeWTF, Part Deux

#99

Earlier quoted context omitted.

Brand is worth something. WeWork offices are designed to be appealing to young people (free beer, group activities etc) which makes it appealing to businesses. Also in real estate location, location, location is a differentiator.

No more free beer: https://www.vox.com/the-goods/2018/10/31/18049142/wework-bee...

Anecdotally, I don't think this panned out. I worked out of a WeWork in August (10 months after the article) and there was no key card restriction on the tap.

However, compared to the (different) WeWork I worked at in 2017, the tap seemed to get locked up much earlier. Didn't make sense to me at the time versus opening the tap later; it was almost incentive to drink around 5 or 6 instead of waiting until later (I tend to work later) if you wanted a free beer.

Also worthy to note: instead of two taps for beer (at my WeWork in 2017), there was one for kombucha and one for beer.

Re: WeWTF, Part Deux

#100

> • Focus on margin expansion vs. growth. We has a differentiated product in the marketplace, and should command a premium. Hm, what exactly does WeWork do that is so unique? Sounds like a regular real estate company except they are targeted towards tech startups.

> what exactly does WeWork do that is so unique?

My impression is that in addition to being startup-friendly with flexible terms, they give your average remote worker for standard boring companies the startup culture experience in their work environment. I don't know what that's worth in premiums though. Personally, if I was allowed to work from home (yeah, blanket policy of no remote work where I'm at, because stupid) I would rather lounge on my couch with a keyboard in my lap and monitor on a flex arm in front of me.

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