Re:Uber Is Biggest Loser as SoftBank Counts IPO Returns
by 8ytecoder on Wednesday August 07, 2019 @11:39PM
(#20641641)
WeWork the tech company and WeWork the REIT are two forms of the same company. The tech company is high risk. The real estate portion is backed by assets.
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Re:Uber Is Biggest Loser as SoftBank Counts IPO Returns
by harryh on Wednesday August 07, 2019 @11:45PM
(#20641665)
WeWork owns very little property. For the most part they rent all the space that they then sublease to other tenants.
Re:Uber Is Biggest Loser as SoftBank Counts IPO Returns
by tyingq on Thursday August 08, 2019 @12:13AM
(#20641786)
The CEO apparently personally owns some properties and self deals them back to WeWork on lease terms. https://www.businessinsider.com/wework-ceo-adam-neumann-offi...