SoftBank to take control of WeWork: Sources

Re:SoftBank to take control of WeWork: Sources by jimmywanger on Tuesday October 22, 2019 @03:28AM (#21321116)

Perhaps I was not precise in my wording. With the way WeWork currently works, and its asset allocation and fee structure, I don't think expansion or more market cap than Regus is possible.

If WeWork get all Regus assets for free and half their business, sure, why not? That would be an immediate 3-4 billion dollar injection. As it currently stands, their coolness(tm) is not enough to compensate for their bloated fees and limited office space locations.

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Re:SoftBank to take control of WeWork: Sources by Breza on Monday October 28, 2019 @05:06PM (#21381672)

I agree with you. WeWork doesn't have strong network effects and the business model is easy to copy. There are real estate companies that each owns tens of millions of square feet of office space. If WeWork really were worth $40 billion, the companies who own office buildings could just create their own coworking spaces and rake in the billions instead.

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