I would never invest in WeWork, but no, not at all. A Ponzi scheme takes new investor dollars to pay the earlier investors’ “returns”.

Taking new dollars to grow the company to generate future profits is actually the definition of “investment”.

A ponzi scheme requires fraud. If you've evidence of fraud going on here then perhaps you should report it to the SEC.

Isn’t that like a trend these days? Unless I’m missing something, can you please explain?

The only difference between those two concepts is malice.