Re:WeWork’s Back Is Against a Wall
by travem on Tuesday September 17, 2019 @02:28PM
(#20998525)
> If WeWork is the only fun office space, they'll be hugely profitable someday.
The competitive moat of being fun is built on huge subsidies of cheap capital being injected into the company during funding. It's a great venue because the costs are being subsidized by Softbank. Absent that subsidy they would be losing even more money than they already have and would either have to raise costs or lower quality.
The competitive moat of being fun is built on huge subsidies of cheap capital being injected into the company during funding. It's a great venue because the costs are being subsidized by Softbank. Absent that subsidy they would be losing even more money than they already have and would either have to raise costs or lower quality.