Re:WeWork Is Raising Funds at $35B Valuation
by murukesh_s on Wednesday June 13, 2018 @10:55PM
(#17308896)
I think that may be one attraction. With relative ease to raise funds in US, they can gobble up other global competitors , especially if the competition is cut throat (so very slim profit margins). They can easily become the dominant player if they can keep raising funds and acquire competitors in few more rounds.
The coworking industry, a novelty in US, was alive and kicking everywhere else before becoming a hipster trend in US.
I'd say, WeWork, with all its colossality, is still only managed to secure single digits of the market share. In the future, it has no chances to approach even, say, 10% as competition is cut throat.