News for hackers. Stuff that matters.

A comment on WeWork’s Adam Neumann Steps Down as CEO. Parent comment

Re:WeWork’s Adam Neumann Steps Down as CEO by Tuna-Fish on Tuesday September 24, 2019 @04:28PM (#21064289)
There is ton of demand for what they provide, but what they provide can easily be copied, and the copycats will not have a mountain of debt/investment caused by irrational drive for growth at any price that they need to pay back.

Right now, no-one is competing against We because they are selling a dollar at 60 cents to their customers. The second they stop doing that, there will be a dozen clones. We is worthless.

[ Parent | on HN ]
Re:WeWork’s Adam Neumann Steps Down as CEO by chrismarlow9 on Tuesday September 24, 2019 @04:41PM (#21064387)
This is my thought. It's about real estate. If starbucks decided to go full throttle into this concept they would kill it. They've essentially been the unwritten king of co-workspace since they showed up.
[ Parent | on HN ]
Re:WeWork’s Adam Neumann Steps Down as CEO by CaptainZapp on Wednesday September 25, 2019 @04:58AM (#21068985)
Right now, no-one is competing against We

WHAT? there's quite healthy competition[1], which actually make money as opposed to We.

Granted, you don't get free beer and smarmy slogans. But competition is definitly on the market.

[1] https://en.wikipedia.org/wiki/IWG_plc

[ Parent | on HN ]